福恩股份的实际控制人为王内利、王学林和王恩伟，王内利、王学林系夫妻关系，王内利、王恩伟系父 女关系。截至招股说明书签署之日，王内利、王学林和王恩伟直接持有公司42.40%的表决权股份，通 过湃亚控股、杭州纷纬和杭州福蕴合计控制公司41.48%的表决权股份。王内利、王学林、王恩伟直接 或间接控制公司83.89%的表决权股份。 中国经济网编者按：北京时间近日发布报道《福恩股份IPO前期，父亲、女儿与女婿分红3亿元》。据 该报道，深圳证券交易所消息，11月19日，杭州福恩股份有限公司(简称"福恩股份")更新提交相关财务 资料。据了解，福恩股份上市申请于6月24日被受理，7月9日进入问询阶段。 根据招股书，福恩股份拟募资12.50亿元，其中，8.00亿元用于萧政工出(2023)82号再生环保毛型色纺面 料一体化项目、4.50亿元用于高档环保再生材料研究院及绿色智造项目。 资料显示，福恩股份是一家以可持续发展为核心的全球生态环保面料供应商，以生态环保面料的研发、 生产和销售作为主营业务。现已成为集面料设计、研发、纺纱、织造、印染、后整和销售于一体的大型 企业。 2022年，福恩股份现金分红3.81亿元，根据持股比例，王 ...

Core Viewpoint - Fuen Co., Ltd. has submitted an IPO application to raise 1.25 billion yuan, marking a significant moment for the textile industry as it attempts to recover from previous IPO rejections [3][4]. Company Overview - Fuen Co., Ltd. specializes in eco-friendly fabrics, primarily focusing on recycled materials, and has become a leading supplier of recycled fabrics for major clothing brands such as H&M, Uniqlo, GU, ZARA, and others [3][4]. - The company has experienced relatively stable revenue over the past three years, with reported revenues of 1.764 billion yuan, 1.517 billion yuan, and 1.813 billion yuan for 2022, 2023, and 2024 respectively [4][5]. Financial Performance - The net profit for Fuen Co., Ltd. has shown a slight decline, with figures of 277 million yuan, 229 million yuan, and 275 million yuan for the same years [4][5]. - The gross profit margin for the main business has fluctuated, recorded at 27.83%, 29.89%, and 28.67% over the three years, indicating a trend of initial growth followed by a decline [4]. Dividend Controversy - In 2022, the company distributed a cash dividend of 381 million yuan, which exceeded its net profit for that year, raising market concerns about its financial practices [5][6]. - The dividend payout ratio was calculated to be 48.78% of the cumulative net profit over the reporting period, which is close to regulatory limits [6]. IPO Fund Utilization - The funds raised from the IPO are intended for projects including the integration of recycled eco-friendly fabric production and the establishment of a high-end eco-friendly materials research institute [7]. Operational Risks - Fuen Co., Ltd. faces challenges such as low accounts receivable turnover rates compared to industry peers, with rates of 7.98, 5.75, and 6.51 times over the reporting years, significantly below the industry average [9][10]. - The company has a high concentration of revenue from its top five clothing brand customers, accounting for approximately 70% of total revenue, which poses a risk to business stability if any of these relationships decline [11]. Regulatory Issues - The company has faced administrative penalties for various violations, including construction without proper permits and tax declaration errors, which may impact its reputation and operational efficiency [11].