Core Viewpoint - In 2024, the company "restarts growth," with operating revenue exceeding 10 billion yuan for the first time, achieving a year-on-year growth rate returning to double digits, and overall profitability and operational efficiency significantly improved, enhancing operational health [1] Group 1: Financial Performance - In 2024, the company achieved operating revenue of 10.501 billion yuan, a year-on-year increase of 16.78%, and a net profit attributable to shareholders of 671 million yuan, up 30.25% year-on-year [2][3] - The company reported a net profit margin of 6.39%, an increase of 0.66 percentage points year-on-year, and a comprehensive gross margin of 22.97%, up 0.66 percentage points [7] Group 2: Business Growth and Strategy - The company's core business segments, including tools and home appliances, achieved operating revenue of 7.981 billion yuan in 2024, with a year-on-year growth of 25.48%, and both segments saw revenue growth rates exceeding 20% [4] - The company is focusing on a "two-step" strategy to enhance customer demand and optimize component product capabilities while deepening core technologies to create new growth opportunities [3] Group 3: Innovation and Future Outlook - The company has established a product platform in the robotics field, including servo drives and motors, and has successfully delivered samples to over 10 leading industry enterprises for humanoid robot applications [5] - The digital energy and smart automotive sectors are expected to open up broad long-term growth opportunities, despite a decline in revenue for digital energy due to falling market prices [4] Group 4: Global Expansion - The company accelerated its international market presence, with overseas manufacturing platform output exceeding 2.2 billion yuan, growing over 70%, benefiting from its global layout in countries like Vietnam, India, Romania, and Mexico [8]

3月28日，上交所上市审核委对华之杰上市申请进行了审议，认为其符合发行条件、上市条件和信息披 露要求，但还有问题未解决。 筹划IPO上市长达17年，苏州华之杰电讯股份有限公司(以下简称"华之杰")终于取得了重大实质进展， 但距离真正挂牌上市还有一段距离。 这究竟是怎么回事？华之杰对如此重大事件没有回应。 长达17年的IPO上市路 华之杰执着于A股上市，但其IPO之路走得很苦很累。 根据招股书，2001年5月，华之杰商务与香港佳贸共同出资设立华之杰有限，注册资本为100万美元，香 港佳贸出资95万美元。2002年12月，香港佳贸将其持有华之杰有限95%股权转让给超能公司。陆亚洲设 立超能公司以及通过超能公司投资华之杰有限的出资来源均为香港佳贸董事长陈洪兰通过香港佳贸提供 的借款。 IPO上市之路异常曲折艰辛，与其异常现象较多有关。 在IPO之前的2017年至2021年，华之杰累计向股东派发现金红利约2.14亿元，其中，约1.97亿元分给了 公司实际控制人陆亚洲一家。分红之后，公司再计划募资建设及补充流动资金，因此被质疑有圈钱嫌 疑。 本次IPO募投项目，2009年就已取得土地使用权证，2020年取得了项目备案证 ...

Core Viewpoint - Suzhou Huazhi Jie Telecommunications Co., Ltd. has successfully passed the IPO review by the Shanghai Stock Exchange, marking it as the 8th company to be approved for listing this year [1][2]. Company Overview - Huazhi Jie is positioned in the smart control industry, focusing on lithium battery power management, smart control, and brushless motor drive technologies. The company provides system solutions for power management and drive in lithium battery electric tools and consumer electronics [1]. - The main products include smart switches, smart controllers, brushless motors, and precision structural components, integrating R&D, production, and sales [1]. IPO Details - The company plans to publicly issue no more than 25 million shares, accounting for at least 25% of the total share capital post-issue. The total funds to be raised are approximately 48.61 million yuan, aimed at expanding production capacity for electric tool smart components and supplementing working capital [2]. - The lead underwriter for the IPO is CITIC Securities, marking the second successful IPO project for CITIC Securities this year [1][2]. Market and Financial Considerations - The company was questioned during the listing committee meeting regarding the rapid increase in gross margin for its smart switch products compared to industry peers, and the potential risks of significant performance fluctuations [3]. - The necessity and rationale behind the fundraising projects were also discussed, particularly in relation to market trends and existing production capacity utilization [3].

据上交所公告显示，上交所上市审核委员会将于3月28日召开2025年第10次审议会议，审议苏州华之杰电讯股份有限公司（简称：华之杰）的首发申 请。 公开资料显示，华之杰定位智能控制行业，主要为电动工具、消费电子等领域产品提供智能、安全、精密的关键功能零部件，公司是百得集团、牧田集 团、TTI集团等全球电动工具巨头的关键供应商之一，近年来正积极拓展新能源汽车、智能家居等领域业务。本次上市，公司拟募集资金48,608.58万 元，主要用于年产8,650万件电动工具智能零部件扩产项目及补充流动资金。 聚焦智能控制领域，一体化能力解决行业痛点 华之杰的主要产品为智能开关、智能控制器、无刷电机、精密结构件，主要应用于锂电电动工具、消费电子等领域。其中电动工具零部件产品占主营业 务收入的比例达到90%以上，是公司主要的收入来源。 国内外双轮驱动，绑定下游龙头业绩稳增 全球电动工具及园林工具消费市场呈现显著地域特征：欧美地区因人工成本高企叠加浓厚的DIY文化，形成家居装修、汽修维护、草坪修剪等自主作业 场景的持续需求。Frost&Sullivan数据显示， 北美市场自2018年超越欧洲成为全球最大电动工具市场，2020年以1 ...