Core Viewpoint - Shenzhen Kejinming Electronics Co., Ltd. has had its IPO application accepted by the Beijing Stock Exchange, with Zheshang Securities as the sponsor and Huaxing Accounting Firm as the auditor [2] Company Overview - Kejinming focuses on the design, development, manufacturing, and sales of intelligent visual terminal products, emphasizing innovation and application of new display technologies [2] - The company's product matrix includes smart micro-projectors, smart cloud photo frames, and smart portable players, aiming to provide immersive visual experience solutions for global users [2] Financial Performance - Projected revenues for Kejinming from 2022 to 2024 are 519 million yuan, 614 million yuan, and 880 million yuan respectively [2] - Net profits attributable to the parent company for the same period are expected to be 24.62 million yuan, 45.11 million yuan, and 45.11 million yuan respectively [2] Key Financial Metrics - As of December 31, 2024, total assets are projected to be approximately 719.19 million yuan, with total equity of about 290.37 million yuan [3] - The company's debt-to-asset ratio is expected to be 46.27% in 2024, an increase from 36.66% in 2023 [3] - The gross profit margin is projected to be 28.07% in 2024, down from 32.40% in 2023 [3] - The net profit for 2024 is expected to be approximately 45.11 million yuan, consistent with 2023 [3] Shareholder Structure - Zhu Wenming holds 16.125 million shares, representing a 58.58% direct ownership stake, making him the controlling shareholder and chairman of the company [3] - Zhu Wenming and Chen Ximei, through Kejinming Enterprise Management, hold a combined 91.27% stake in the company [3] Management Background - Zhu Wenming, born in 1968, has extensive experience in management roles within the company since its inception [4] - Chen Ximei, born in 1971, has held various positions in the company, including human resources manager [5] - Zhu Countyxiong, born in 1994 and son of Zhu Wenming, currently serves as the general manager and has been recognized for his contributions to innovation [6]