Core Viewpoint - Suzhou Green Control Transmission Technology Co., Ltd. (referred to as "Green Control Transmission") is attempting to go public on the ChiNext board after withdrawing its previous IPO application for the Sci-Tech Innovation Board over two years ago, with its prospectus recently accepted by the Shenzhen Stock Exchange [1][3] Group 1: IPO Details - Green Control Transmission aims to raise approximately 1.58 billion yuan, with net proceeds intended for a project to produce 100,000 sets of electric drive systems for new energy commercial vehicles and the construction of a research and development center [3] - This is not the first attempt by Green Control Transmission to list on the A-share market; it previously sought to list on the Sci-Tech Innovation Board but withdrew its application in March 2023 after entering the inquiry stage in January [3][4] - The amount targeted for fundraising has increased from 1.072 billion yuan in the previous application to 1.58 billion yuan in the current one, with some investment projects being modified [3] Group 2: Financial Performance - Green Control Transmission has shown steady growth in performance, achieving a turnaround in net profit last year. Revenue figures for 2022, 2023, and projected for 2024 are approximately 712 million yuan, 770 million yuan, and 1.328 billion yuan, respectively, with corresponding net profits of approximately -99.43 million yuan, -12.33 million yuan, and 48.04 million yuan [4] - For the first half of this year, the company reported revenue of approximately 1.219 billion yuan and a net profit of about 68.30 million yuan [4] Group 3: Employee Growth - The number of employees at Green Control Transmission has doubled in the first half of this year, increasing from 643 at the end of last year to 1,397 [1][6] - The distribution of employees by role shows that manufacturing positions account for approximately 66.64%, with management, research and development, and sales positions making up 8.38%, 14.82%, and 10.16%, respectively [6] Group 4: Shareholding Structure - As of the signing date of the prospectus, the controlling shareholder and actual controller of Green Control Transmission is Li Lei, who directly holds 32.23% of the company's total shares and indirectly controls an additional 11.41% through Wujiang Qianqian [7] - After the current issuance, the shareholding ratio of SANY Heavy Industry, a significant customer of Green Control Transmission, will be diluted from 1.89% to 1.51% [6][7]

Core Viewpoint - Suzhou Green Control Transmission Technology Co., Ltd. (referred to as "Green Control Transmission") is making a second attempt to go public on the ChiNext board after previously withdrawing its IPO application for the Sci-Tech Innovation Board, with its IPO application accepted by the Shenzhen Stock Exchange on December 16. The company has shown steady growth in performance and is expected to turn a profit in 2024 [1][2][3]. Group 1: IPO Details - Green Control Transmission aims to raise approximately 1.58 billion yuan, with net proceeds intended for a project to produce 100,000 sets of electric drive systems for new energy commercial vehicles and for the construction of a research and development center [2][3]. - This is not the first attempt by Green Control Transmission to go public; the company previously sought to list on the Sci-Tech Innovation Board but withdrew its application in March 2023 after being accepted in December 2022 [2][3]. - Compared to its previous IPO attempt, the fundraising amount has increased from 1.072 billion yuan to 1.58 billion yuan, with changes made to some of the fundraising projects [2][3]. Group 2: Financial Performance - From 2022 to 2024, Green Control Transmission's revenue is projected to grow from approximately 712 million yuan to 1.328 billion yuan, with net profit turning from a loss of approximately 99.43 million yuan in 2022 to a profit of approximately 48.04 million yuan in 2024 [3][9]. - In the first half of 2023, the company reported revenue of approximately 1.219 billion yuan and a net profit of approximately 68.30 million yuan [3][9]. Group 3: Employee Growth - The number of employees at Green Control Transmission doubled in the first half of 2023, increasing from 643 to 1,397 [4][11]. - The distribution of employees by role shows that manufacturing positions account for approximately 66.64% of the workforce, while management, research and development, and sales positions account for 8.38%, 14.82%, and 10.16%, respectively [11]. Group 4: Shareholder Information - SANY Heavy Industry holds a stake of 1.89% before the issuance, which will be diluted to 1.51% after the IPO. SANY Group has been one of the company's top customers from 2022 to 2025, with sales revenue percentages of approximately 27.64%, 22.5%, 19.37%, and 14.38% [12]. - The controlling shareholder and actual controller of Green Control Transmission is Li Lei, who holds a total of 43.64% of the company's shares [12].

Core Viewpoint - Suzhou Green Control Transmission Technology Co., Ltd. (referred to as "Green Control Transmission") is making a second attempt to go public on the ChiNext board after previously withdrawing its IPO application for the Sci-Tech Innovation Board over two years ago. The company aims to raise approximately 1.58 billion yuan for its projects and has shown steady growth in its financial performance, with a projected net profit turnaround in 2024 [1][4][5]. Group 1: IPO Details - Green Control Transmission's IPO application was accepted by the Shenzhen Stock Exchange on December 16, 2025, marking its second attempt to list after a previous attempt on the Sci-Tech Innovation Board in late 2022 [1][4]. - The company plans to raise around 1.58 billion yuan, with net proceeds intended for the production of 100,000 sets of new energy medium and heavy commercial vehicle drive systems and the establishment of a research and development center [4][5]. - Compared to its previous IPO attempt, the fundraising target has increased from 1.072 billion yuan to 1.58 billion yuan, and some of the investment projects have been modified [4]. Group 2: Financial Performance - Green Control Transmission has shown steady revenue growth from 2022 to 2024, with revenues of approximately 712 million yuan, 770 million yuan, and 1.328 billion yuan, respectively. The net profit is expected to turn positive in 2024, with figures of -99.43 million yuan, -12.33 million yuan, and 48.04 million yuan for the same years [5]. - In the first half of the current year, the company reported revenues of about 1.219 billion yuan and a net profit of approximately 68.30 million yuan [5]. Group 3: Employee Growth - The company experienced a significant increase in employee numbers, doubling from 643 at the end of 2024 to 1,397 by mid-2025. This growth is seen as justifiable if it aligns with production and R&D roles [6]. - The distribution of employees by role shows that manufacturing positions account for approximately 66.64%, with management, R&D, and sales making up the remainder [6]. Group 4: Shareholder Information - SANY Heavy Industry holds a 1.89% stake in Green Control Transmission before the IPO, which will be diluted to 1.51% post-issuance. SANY Group has been one of the company's top clients, contributing significant sales revenue over the years [7]. - The controlling shareholder and actual controller of Green Control Transmission is Li Lei, who holds a total of 43.64% of the company's shares, both directly and indirectly [7].