Company Overview - Zhengzhou Suda Industrial Machinery Service Co., Ltd. was established in July 2009 and listed on the Shenzhen Stock Exchange in September 2024 with a registered capital of 76 million yuan [2] - The company specializes in comprehensive aftermarket services for industrial machinery, focusing on hydraulic supports for coal mining equipment [2] - It employs over 800 staff and has a service network covering all major coal production bases in China [2] Business Performance - The company has seen steady growth in its shield tunneling machinery pipeline component business, with revenues of approximately 28 million yuan in 2022 (2.6% of total revenue), 60 million yuan in 2023 (5.3%), and projected 60 million yuan in 2024 (5.3%) [2] - The revenue for the subsidiary Saifu Fluid is expected to be around 200 million yuan in 2024 [7] Strategic Development - The company aims to enhance the quality of its repair and remanufacturing services, expand repair center layouts, and establish industry standards to increase market share [3] - Plans include developing a marketing strategy to explore new markets and improve market share among existing customers [3] - The company intends to expand its fluid connection business into non-coal industries such as engineering machinery and agriculture [3] Mergers and Acquisitions - The company is considering two types of acquisitions: restructuring hydraulic fluid connection channels and factories, and forming joint ventures with state-owned enterprises for remanufacturing centers [4] Market Dynamics - The company's profitability is linked to the coal industry's performance; demand for aftermarket services may be delayed during downturns but will rebound as market conditions improve [5][6] - The aftermarket service sector is a stable market as long as coal production continues [5] Service Model - The company utilizes a competitive bidding process for its services, with pricing based on agreements for repair, remanufacturing, and parts supply [14] - It has established six repair centers within 300-500 km of major coal production areas to ensure timely service delivery [15] Financial Insights - The gross margin for spare parts is high, with a complete supply chain and efficient inventory system in place [15] - The company is actively seeking suitable acquisition targets and will disclose any significant progress in accordance with regulations [16]

郑州速达工业机械服务股份有限公司 Zhengzhou Suda Industry Machinery Service Co., Ltd. （河南省郑州市航空港经济综合实验区黄海路与规划工业五街交汇处路西） 首次公开发行股票并在主板上市 招股说明书 （上会稿） 本公司的发行申请尚需经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） （深圳市罗湖区红岭中路 1012 号国信证券大厦 16-26 层） 郑州速达工业机械服务股份有限公司 招股说明书（上会稿） 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。任何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化， 由发行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决 策，自行承担股票依法发行后因发行人经营与收益变化或者股票价格变动 引致的 ...

郑州速达工业机械服务股份有限公司 Zhengzhou Suda Industry Machinery Service Co., Ltd. （河南省郑州市航空港经济综合实验区黄海路与规划工业五街交汇处路西） 首次公开发行股票并在主板上市 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化， 由发行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决 策，自行承担股票依法发行后因发行人经营与收益变化或者股票价格变动 引致的投资风险。 招股说明书 （申报稿） 本公司的发行申请尚需经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） （深圳市罗湖区红岭中路 1012 号国信证券大厦 16-26 层） 郑州速达工业机械服务股份有限公司 招股说明书（申报稿） 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。任何与之相反的声明均属虚假 ...