Company Overview - Jiangsu Vibo Hydraulics Joint Stock Co., Ltd. specializes in the research, production, and sales of hydraulic power units and core components [7][11] - The company is headquartered in Huai'an Economic and Technological Development Zone, Jiangsu Province, with a total share capital of 49,695,000 shares as of April 30, 2025 [7][8] - The controlling shareholder is Haoxin Hydraulics Co., Ltd., with actual controllers being Ma Jinxing and Dong Lanbo, who collectively control 61.63% of the company [8][9] Financial Information - The company plans to issue convertible bonds with a total investment amount of 10,300 million yuan, intending to raise 10,000 million yuan for specific projects [3] - If the actual net amount raised is less than the intended amount, the company will adjust the investment priorities based on the actual situation [3] Industry Characteristics - The hydraulic power unit industry is classified under the manufacturing sector, specifically in general equipment manufacturing, focusing on hydraulic machinery and components [11][12] - The industry is characterized by a high degree of technical integration and strict precision requirements, involving multiple disciplines such as materials science, thermodynamics, and automation control [20][21] Regulatory Environment - The hydraulic industry is regulated through a combination of administrative oversight and industry self-regulation, with key regulatory bodies including the National Development and Reform Commission and the Ministry of Industry and Information Technology [12][13] - Recent policies emphasize digitalization and green manufacturing as critical points for industry transformation, promoting high-end, intelligent, and environmentally friendly manufacturing practices [15][17] Competitive Landscape - The global hydraulic industry is dominated by multinational corporations such as Parker Hannifin, Eaton, Bosch Rexroth, and Kawasaki Heavy Industries, which have established strong competitive barriers through extensive technology and product portfolios [17][18] - Domestic hydraulic companies primarily consist of small and medium-sized enterprises, with a low market concentration and a focus on mid-to-low-end products, indicating a need for improvement in high-end component development [18][19]

江西福事特液压股份有限公司 招股说明书 创业板投资风险提示 本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融合存在 不确定性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资 者面临较大的市场风险。投资者应充分了解创业板的投资风险及本公司所披露的 风险因素，审慎作出投资决定。 江西福事特液压股份有限公司 Jiangxi First Hydraulic Co., Ltd. （江西省上饶经济技术开发区福事特大道 1 号） 首次公开发行股票并在创业板上市 招股说明书 （注册稿） 声明：本公司的发行申请尚需经深圳证券交易所和中国证监会履行相应程序。本 招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以 正式公告的招股说明书作为投资决定的依据。 保荐人（主承销商） （上海市普陀区曹杨路 510 号南半幢 9 楼） 江西福事特液压股份有限公司 招股说明书 发行人声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行人注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的盈 利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 ...