Core Viewpoint - Chongqing Zhixin Industrial Co., Ltd. is set to undergo its initial public offering (IPO) on the Shanghai Stock Exchange, aiming to raise approximately 1.33 billion yuan for capacity expansion and working capital [1] Group 1: IPO Details - The Shanghai Stock Exchange's listing review committee will convene on November 6, 2025, to review the IPO application of Chongqing Zhixin Industrial Co., Ltd. [1] - The company plans to raise 132,948.85 million yuan through its IPO [1] Group 2: Fund Allocation - The raised funds will be allocated to the following projects: - Capacity expansion and technological upgrades for welding production lines, with a total investment of 102,948.85 million yuan [2] - Breakdown of the welding production line projects includes: - 37,524.28 million yuan for the Chongqing base [2] - 19,278.98 million yuan for the Ningbo base [2] - 46,145.59 million yuan for the Anhui base [2] - An additional 30 million yuan will be used to supplement working capital [2] Group 3: Shareholding Structure - Zhixin Industrial is controlled by Zhixin Yanshu, which holds 37.07% of the shares directly and an additional 18.87% indirectly, totaling 55.94% control [2] - The actual controllers, Chen Zhiyu and Jing Bing, hold a combined 83.75% of the voting rights, significantly influencing company decisions [2]