Core Viewpoint - Beijing Jinwanzhong Machinery Technology Co., Ltd. (hereinafter referred to as Jinwanzhong) has received acceptance for its IPO application on the Beijing Stock Exchange, following the withdrawal of its previous application for the Shanghai Stock Exchange due to new listing rules that raised financial and market value requirements [4] Group 1: Company Overview - Jinwanzhong was established in June 2011 and began its tool manufacturing business in 2012, launching its own tool brand "Rentianxing" in 2016 [4] - The company has expanded its services to include tool coating and tool sharpening [4] Group 2: Financial Performance - Jinwanzhong's revenue for the years 2022 to 2024 was 988 million, 950 million, and 923 million respectively, while net profits were 83.46 million, 75.49 million, and 87.32 million respectively [4] - The gross profit margins for the same period were 25.3%, 24.33%, and 24.64% [4] Group 3: Shareholding Structure - The controlling shareholder and actual controller of Jinwanzhong is Sun Xiaoming, who directly holds 78.62% of the shares and controls a total of 90.28% of the voting rights through various entities [5] - Sun Xiaoming has a diverse background in management and engineering, with extensive experience in various companies related to machinery and technology [6][7][8]