Company Overview - Jiangxi Aifenda HVAC Technology Co., Ltd. was established as Shangrao Aifenda Sanitary Ware Co., Ltd. with a registered capital of RMB 4.8 million [1] - The company underwent several capital increases, with the registered capital increasing to RMB 25.8 million after multiple rounds of funding [1] - The current registered capital of the company is RMB 65 million, following various stock distributions and capital increases [2] Shareholding Structure - The initial shareholding structure included four shareholders, with Wu Jianbin, Wu Jianjun, and Wu Jianmin holding 35%, 35%, and 30% respectively [1] - After several transfers and capital increases, the current major shareholders include Shangrao Aifenda Investment Co., Ltd. and Shangrao Woda Trading Co., Ltd. [1][2] - As of 2024, the shareholding structure reflects a significant ownership by Shangrao Woda Trading Co., Ltd. [2] Business Activities - The company primarily engages in the research, design, production, and sales of HVAC home products and components, including bathroom towel racks and temperature control valves [3] - The company’s operations are based in Jiangxi Province, specifically in Shangrao Economic and Technological Development Zone [2] Financial Reporting - The financial statements are prepared based on the going concern principle and comply with the relevant accounting standards [3] - The financial year runs from January 1 to December 31, with the reporting currency being RMB [4] - The company assesses its ability to continue as a going concern and has not identified any factors that would impact this ability [3] Accounting Policies - The company follows important accounting policies and estimates as per the enterprise accounting standards [3] - Significant projects and cash flows related to investment activities are recognized based on specific thresholds [4] - The company has established criteria for determining control and the scope of consolidation for financial reporting [6][7] Mergers and Acquisitions - The company applies specific accounting treatments for mergers and acquisitions, distinguishing between transactions under common control and those not under common control [5][9] - The treatment of transaction costs related to mergers is recognized in the period incurred [5] Financial Instruments - Financial instruments are classified based on the company's business model and cash flow characteristics, with specific measurement bases for each category [20][21] - The company recognizes financial assets and liabilities upon entering into contracts and applies relevant accounting treatments for their subsequent measurement [20][23]

Group 1 - The company Aifenda (301575.SZ) plans to issue 21.67 million shares in its initial public offering, with an initial strategic placement of 4.334 million shares [1] - The preliminary inquiry date is set for August 26, 2025, and the subscription date is September 1, 2025 [1] - Aifenda is a high-tech enterprise specializing in the research, design, production, and sales of HVAC home products, including bathroom towel racks and HVAC components such as temperature control valves and magnetic filters [1] Group 2 - The net profit attributable to the parent company is projected to be 93.11 million yuan, 164 million yuan, and 118 million yuan for the fiscal years 2022, 2023, and 2024, respectively [1] - The funds raised from the IPO, after deducting issuance costs, are planned to be invested in the technological upgrade project for an automated production line with an annual output of 1.3 million towel racks, the construction of a new automated production line with an annual output of 1 million towel racks, and to supplement working capital [1] - The expected investment from the raised funds is 666 million yuan [1]

Group 1 - The company, Aifenda (301575.SZ), plans to issue 21.67 million shares in its initial public offering (IPO), with an initial strategic placement of 4.334 million shares [1] - The preliminary inquiry date is set for August 26, 2025, and the subscription date is September 1, 2025 [1] - Aifenda is a high-tech enterprise specializing in the research, design, production, and sales of HVAC home products, including bathroom towel racks and HVAC components such as temperature control valves and magnetic filters [1] Group 2 - The company's net profit attributable to the parent company is projected to be 93.11 million yuan, 164 million yuan, and 118 million yuan for the fiscal years 2022, 2023, and 2024, respectively [1] - The funds raised from the IPO, after deducting issuance costs, are planned to be invested in the technological upgrade project for an annual production capacity of 1.3 million towel racks, the construction of an automated production line for 1 million towel racks, and to supplement working capital [1] - The expected investment from the raised funds is 666 million yuan [1]

Core Viewpoint - Jiangxi Aifenda HVAC Technology Co., Ltd. has submitted its IPO application to the Shenzhen Stock Exchange's Growth Enterprise Market, aiming to raise 664.68 million yuan for business expansion and production upgrades [1][2]. Company Overview - Aifenda specializes in the research, design, production, and sales of HVAC home products, including bathroom towel racks and various HVAC components [1]. - The company focuses on enhancing home living quality and improving living environments, emphasizing user experience, technological innovation, and global development [1]. Financial Performance - Aifenda's projected revenues for 2022, 2023, and 2024 are approximately 762 million yuan, 830 million yuan, and 1.05 billion yuan, respectively [2]. - The net profits for the same years are estimated at around 93.11 million yuan, 164 million yuan, and 118 million yuan [2]. Production Capacity and Investment Plans - Aifenda has a production capacity exceeding 2 million sets of bathroom towel racks annually and plans to invest the raised funds in upgrading and constructing automated production lines [2]. - The total investment for the projects includes 261.42 million yuan for the upgrade of an automated production line and 353.26 million yuan for the construction of a new automated production line, along with 50 million yuan for working capital [2]. Financial Metrics - As of December 31, 2024, Aifenda's total assets are projected to be approximately 1.319 billion yuan, with equity attributable to shareholders of the parent company at around 731.02 million yuan [3]. - The company's revenue for 2024 is expected to reach approximately 1.049 billion yuan, with a net profit of about 117.95 million yuan [3]. - The company's net profit attributable to shareholders after excluding non-recurring gains and losses is projected to be 127.61 million yuan for 2024 [4].