国际化，大客户。 | 作者 | | 塔山 | | --- | --- | --- | | 编辑 | | 小白 | 主打换热压力容器，高端产品替代进口 早在2005年，公司就与华东理工大学开展产学研合作，并成功研制了首台烧结型高通量换热管。 华东理工大学是我国化学、材料科学和化工机械等领域的重点科研院校，其下属化工机械学院相关研 究团队在高效传热节能领域及装备制备上具有较强的技术实力。 （来源：2024年报） （来源：公司公告） 锡装股份（001332.SZ，下称公司）前身为成立于1984年的华东化工学院无锡红旗联合化工机械厂， 是无锡县红旗低压设备厂和华东化工学院（现华东理工大学）机械工程系联合组建的村办集体企业。 后续经过几轮改制，2014年整体变更设立为股份有限公司，2022年完成上市。 （来源：招股书） 公司控股股东及实控人为曹洪海，截至2024年末，曹洪海持股比例为57.99%。公司第二大股东邵雪 枫、第三大股东惠兵均为曹洪海的姐夫，但三人不属于一致行动人。 公司自成立至今一直从事金属压力容器相关业务，已在业内深耕30余年，产品包括换热压力容器、反 应压力容器等非标压力容器，主要应用于炼油及石油化工、 ...

Core Viewpoint - Jiangsu Yongda Chemical Machinery Co., Ltd. (Yongda Co.) has received approval for its IPO on the Beijing Stock Exchange, with Guotai Junan Securities as the sponsor. The company specializes in the research, design, manufacturing, sales, and related technical services of pressure vessels in various fields including basic chemicals, coal chemicals, refining, petrochemicals, photovoltaics, and pharmaceuticals [2]. Financial Performance - Yongda Co. is projected to achieve revenues of 696 million yuan, 712 million yuan, and 819 million yuan for the years 2022, 2023, and 2024 respectively, with net profits of 112 million yuan, 131 million yuan, and 107 million yuan during the same period [2]. - As of December 31, 2024, total assets are expected to be approximately 1.3 billion yuan, with total equity of about 665 million yuan. The asset-liability ratio is projected to decrease from 64.03% in 2022 to 47.19% in 2024 [3]. - The company’s gross profit margin is expected to improve from 27.91% in 2022 to 28.73% in 2024, while the net profit margin is projected to decline slightly [3]. IPO Details - Yongda Co. aims to raise 608 million yuan through the IPO, which will be allocated to the construction of a heavy chemical equipment production base and to supplement working capital [4][5]. - The total investment for the first phase of the heavy chemical equipment production base is estimated at 591 million yuan, with 557 million yuan planned to be funded through the IPO proceeds [5]. Shareholding Structure - Li Changzhe holds 61.62% of the company’s shares, making him the controlling shareholder. His family members, including his son Li Jin and daughter-in-law Gu Xuhong, collectively hold 86.56% of the shares [6][7]. - Li Jin serves as the chairman and general manager, while Li Changzhe and Gu Xuhong hold other significant positions within the company [7].