Group 1 - New Tianli Technology Co., Ltd. has successfully passed the listing review by the Beijing Stock Exchange, marking it as the 57th company to do so this year [1] - The company specializes in the research, production, and sales of plastic and paper food containers, and is a leading player in the domestic thermoformed food container industry [1] - Major clients include top food enterprises such as Mixue Ice City and Xiangpiaopiao, which together contribute approximately 50% of the company's revenue [1] Group 2 - From 2022 to 2024, the company's operating revenue was 944 million, 1.022 billion, and 1.101 billion yuan, with net profits of 36.32 million, 57.77 million, and 68.40 million yuan respectively [2] - In the first half of 2025, the company achieved an operating revenue of 536 million yuan, a year-on-year increase of 1.14%, and a net profit of 42.57 million yuan, up 17.71% year-on-year [2] - The company has a high customer concentration risk, with the top five clients accounting for 62.10%, 63.63%, and 65.60% of sales, and the top two clients contributing 48.79%, 50.33%, and 48.76% of revenue [2] Group 3 - The company plans to raise 398 million yuan through its IPO, with funds allocated to three main areas: expanding production capacity for high-quality plastic food containers, upgrading the R&D center, and supplementing working capital [2]