（编辑 任世碧） 证券日报网讯 12月17日，哈铁科技在互动平台回答投资者提问时表示，根据公司信披数据显示，2025 年、2024年三季度应收账款分别为4.77亿元、4.38亿元，在营业收入同比增长12.27%的情况下，应收账 款同比增长8.94%，应收账款增长率低于营业收入增长率，符合公司经营规律。公司经营活动现金流量 是基于收付实现制编制的，是在本会计年度实际收到和支付的现金，同比大幅增长是源于公司以前年度 应收款项清收及本年销售回款较好，销售商品、提供劳务收到的现金较上年同期增加1.23亿元，以上现 象不存在矛盾。 ...

Core Viewpoint - Hongyuan Electromagnetic Wire Co., Ltd. (stock code: 920018.BJ) was listed on the Beijing Stock Exchange, with a closing price of 42.00 yuan, marking a significant increase of 358.02% from the opening price of 37.20 yuan, and a total market capitalization of 5.155 billion yuan [1]. Group 1: Company Overview - Hongyuan Co. specializes in the research, production, and sales of electromagnetic wires, including various types such as transformer wires and special electromagnetic wires for electric vehicles [1]. - The company is primarily engaged in supplying products for high-voltage and large-capacity power transformers and other large-scale power transmission and transformation equipment [1]. Group 2: Shareholding Structure - The controlling shareholders are Yang Xuqing, Yang Lishan, and Yang Lina, collectively holding 83.62% of the voting rights before the issuance and 62.72% after the issuance [2]. - Yang Lishan directly held 41 million shares (44.54% of total shares) before the issuance, which decreased to 33.41% after the issuance [2]. Group 3: Financial Performance - The company reported revenues of 1.311 billion yuan, 1.461 billion yuan, and 2.072 billion yuan for the years 2022, 2023, and 2024, respectively, with net profits of 49.998 million yuan, 64.466 million yuan, and 101.631 million yuan for the same years [7]. - The projected revenue for 2025 is estimated to be between 2.47 billion yuan and 2.73 billion yuan, representing a year-on-year growth of approximately 19.18% to 31.73% [9]. Group 4: Fundraising and Investment Projects - The company plans to raise approximately 281.558 million yuan through the issuance, with funds allocated for projects including the digital upgrade of production lines and the establishment of a research center [5][6]. - The total investment for the projects is estimated at 395.500 million yuan, with specific allocations for each project detailed in the fundraising plan [6].