Group 1 - The core viewpoint of the article highlights the IPO of Aomeisen (920080.BJ), a specialized manufacturer of intelligent equipment, focusing on the development, design, production, and sales of smart production devices and lines, which are crucial for automation and efficiency in various industries [1] - Aomeisen has established itself in heat exchange and pipeline processing technology since its founding in 2003, with key products including intelligent equipment for heat exchangers and pipeline processing, as well as customized intelligent devices for environmental protection and renewable energy sectors [1] - The company has achieved international and domestic recognition for its technological advancements, with projects reaching international advanced levels in digital design and manufacturing of heat exchanger equipment and integrated CNC pipeline processing technology [1] Group 2 - Aomeisen maintains long-term stable partnerships with major domestic and international electrical appliance manufacturers, including Gree Electric, Midea Group, and Panasonic, among others [2] - The company is actively expanding into environmental protection, wind power, and lithium battery new energy sectors, with notable products such as SRF/RDF production line equipment and lithium battery thermal pressing equipment [2] - Despite some success in new business development, Aomeisen acknowledges potential risks in expanding its business, particularly in entering new application fields due to customer resource barriers and technology validation challenges [2] Group 3 - From 2022 to 2024, Aomeisen's government subsidies accounted for significant portions of its total profit, with amounts of 7.67 million, 6.55 million, and 2.09 million yuan, representing 41.28%, 12.08%, and 3.31% of total profit respectively [3] - The company warns that a reduction in government support for its industry could lead to decreased subsidies, impacting future operational performance [3]