Core Viewpoint - Zhejiang Gaoteng Electromechanical Manufacturing Co., Ltd. has received acceptance for its IPO on the Beijing Stock Exchange, focusing on the development, production, and sales of intelligent knitting equipment, with a strong emphasis on proprietary technology and core control systems [2]. Company Overview - Gaoteng Electromechanical specializes in a range of intelligent knitting equipment, including seamless underwear machines, smart glove machines, intelligent sock machines, and computerized flat knitting machines, establishing itself as a leading manufacturer in China with independent intellectual property rights [2]. - The company has a diversified shareholder structure with no single shareholder holding more than 30%, and the actual controllers are Wang Jian, Mao Muquan, and Chen Feng, collectively controlling 77.81% of the shares [4]. Financial Performance - Projected revenues for Gaoteng Electromechanical are expected to grow from 267 million yuan in 2022 to 500 million yuan in 2023, and further to 629 million yuan in 2024. Net profits are projected to increase from 33 million yuan in 2022 to 80 million yuan in 2023, and to 131 million yuan in 2024 [2]. Management Team - Wang Jian, born in December 1966, has held various managerial positions and will become the chairman of the company in April 2024. He has been involved in the company since its inception [5]. - Mao Muquan, born in November 1967, has extensive experience in the industry and will transition to the role of vice general manager in April 2024 after serving as chairman [5].