Group 1 - The capital market serves as a barometer for regional economic conditions and a signpost for industrial structural transformation [1] - Henan Jiachen Intelligent Control Co., Ltd. successfully passed the listing committee review, marking the fourth company from Henan to achieve this in 2023, indicating a positive trend for local enterprises [1] - Jiachen Intelligent focuses on electrical control systems and has established partnerships with major manufacturers, demonstrating a strong position in the supply chain [1] Group 2 - The recent companies that passed the review are all "hidden champions," showcasing advancements in strategic emerging industries such as new energy vehicles and intelligent equipment [2] - Companies like Shenglong Co. and Tianhai Electronics are leading in their respective fields, reflecting a shift from traditional resource-based models to high R&D intensity and market share [2] - Increasing internationalization is evident as companies like Muyuan Foods plan to allocate 60% of their fundraising for overseas expansion, indicating readiness for global market engagement [2] Group 3 - The provincial government has prioritized company listings as a key strategy for industrial transformation, establishing a structured approach to support enterprises through various stages of the listing process [3] - The dual strategy of targeting both A-shares and Hong Kong markets provides broader opportunities for Henan enterprises [3] Group 4 - The emergence of the "Henan Legion" in the vibrant capital market signifies a growing presence and competitiveness of local companies [4]

Core Viewpoint - Henan Jiachen Intelligent Control Co., Ltd. has been approved for IPO by the Beijing Stock Exchange, marking it as the 20th company to pass the review in 2026, with 14 from the Beijing Stock Exchange and 6 from the Shanghai and Shenzhen Stock Exchanges combined [1] Company Overview - Jiachen Intelligent specializes in the research, development, production, and sales of electrical control system products and overall solutions, including motor drive control systems, complete machine control systems, and Internet of Vehicles products and applications [1] Shareholding Structure - The largest shareholder, Yao Xin, directly holds 31,300,346 shares, accounting for 61.37% of the total share capital. Yao also indirectly holds 7.17% of the shares through Shanghai Zhongding, leading to a total of 68.54% ownership and 70.10% of voting rights [2] IPO Details - The company plans to publicly issue no more than 18 million shares, aiming to raise approximately 260.18 million yuan for the construction of an electrical control system production base and a research and development center [2] Review Opinions - The review committee raised inquiries regarding the technological advancement of the company's motor drive control systems, including market space, competitive landscape, and core competitiveness compared to domestic competitors [3]

大河财立方《极刻》第1082篇 【大河财立方 见习记者 关帅康】2月12日，经北交所上市委员会审议，河南嘉晨智能控制股份有限公司 （以下简称嘉晨智能）成功过会。 随着嘉晨智能过会，近两个月，河南已有4家企业成功过会。与此同时，港股也成为豫企争相竞逐的高 地，除了牧原股份已登陆港交所外，另有金星啤酒、巴奴国际等多家知名企业明确提出赴港上市。 研发投入超营收10%，助力工业车辆电控技术自主可控 2月12日，据北交所上市委员会2026年第15次审议会议结果公告，嘉晨智能北交所上市申请获审议通 过。 招股书披露，嘉晨智能于2009年在郑州市成立，是专注于电气控制系统产品及整体解决方案的高新技术 产业，主要产品包括电机驱动控制系统、整机控制系统等。 从应用场景来看，嘉晨智能主要服务于叉车等工业车辆，凭借稳定的产品质量、可靠的技术性能，已与 杭叉集团、安徽合力、诺力股份、柳工等国内外主要工业车辆整车制造厂商建立合作关系。 依托在工业车辆领域的技术积累，嘉晨智能正稳步拓展业务边界，逐步向高空作业机械、挖掘机械等其 他工程机械领域，以及场地车、移动机器人等多元化领域延伸，探索新的业绩增长曲线。 股权结构方面，姚欣直接及间接持 ...

2月12日，北京证券交易所上市委员会2026年第15次审议会议结果公告显示，河南嘉晨智能控制股份有 限公司（简称：嘉晨智能，代码：874302.BJ）符合发行条件、上市条件和信息披露要求。 01 基本情况 嘉晨智能是一家深耕工业自动化控制行业的电气控制系统产品及整体解决方案提供商，主营业务为电气 控制系统产品及整体解决方案的研发、生产和销售，致力于成为工业车辆电气控制系统领域的领军企 业。 公司主要产品包括电机驱动控制系统、整机控制系统和车联网产品及应用等，目前下游主要应用场景为 工业车辆，并已逐步拓展至挖掘机械、高空作业机械等其他工程机械场景以及场地车、移动机器人等多 元化应用领域。 公司坚持"进口替代"战略，通过十余年技术攻坚，自主掌握电机控制算法、电力电子集成设计等核心技 术，自主研发的电机控制器已实现关键元器件的国产化替代。 主要客户 公司主要客户包括杭叉集团、安徽合力、诺力股份、龙工、柳工等国内工业车辆行业龙头，客户集中度 较高。2022年至2024年，公司前五大客户销售收入占比分别为87.05%、87.71%、82.02%及80.31%，其 中第一大客户杭叉集团销售占比分别达52.95%、44.6 ...

近年来，嘉晨智能盈利能力持续提升。财务数据显示，2023年、2024年、2025年，其分别实现营收3.76 亿元、3.82亿元、4.01亿元；分别实现归母净利润4927.48万元、5737.47万元、7123.08万元。 嘉晨智能此次IPO拟公开发行不超过1800万股（未考虑超额配售选择权的情况下）人民币普通股，拟募 集资金2.6亿元，将用于电气控制系统生产基地建设项目和研发中心建设项目。 嘉晨智能表示，本次募集资金投资项目均围绕公司现有主营业务展开，符合公司主营业务发展方向，其 中"电气控制系统生产基地建设项目"将进一步扩大公司产能和经营规模，扩大公司市场影响力，增强公 司市场地位，为公司长期可持续发展营造有利环境；"研发中心建设项目"将通过研发基础设施和环境的 完善，进一步吸引和激励优秀研发人才，激发公司创新活力，巩固公司研发和技术优势。 （文章来源：证券日报） 本报讯 2月12日，经北交所上市委员会审议，河南嘉晨智能控制股份有限公司（以下简称嘉晨智能）符 合发行条件、上市条件和信息披露要求。 招股书显示，嘉晨智能主营业务为电气控制系统产品及整体解决方案的研发、生产和销售，主要产品包 括电机驱动控制系统、 ...

Core Viewpoint - The IPO application of Henan Jiachen Intelligent Control Co., Ltd. has been approved by the listing committee of the Beijing Stock Exchange, indicating a positive outlook for the company's future growth and market entry [1]. Group 1: Company Overview - Henan Jiachen Intelligent Control Co., Ltd. specializes in the research, development, production, and sales of electrical control system products and overall solutions, with key products including motor drive control systems and machine control systems [4]. - The company was established in March 2009 and transitioned to a joint-stock company in September 2021, with a total share capital of 51 million shares prior to this issuance [4]. - As of the latest disclosure, the company has four controlling subsidiaries and two branch offices, employing a total of 389 staff members [5]. Group 2: Financial Performance - The company's operating revenue for the reporting period was 336.18 million yuan, 376.30 million yuan, 381.54 million yuan, and 191.38 million yuan, while the net profit attributable to the parent company was 51.19 million yuan, 44.67 million yuan, 48.41 million yuan, and 30.43 million yuan [8]. - The total assets as of June 30, 2025, are reported at approximately 465.69 million yuan, with total equity attributable to shareholders of the parent company at approximately 398.33 million yuan [9]. - The company has maintained a gross profit margin of around 30% to 34% over the past few years, with a net profit margin showing a slight decline [9]. Group 3: Shareholding Structure - The largest shareholder, Yao Xin, directly holds 61.37% of the company's shares and indirectly controls an additional 7.17% through Shanghai Zhongding, totaling 68.54% of the shares and 70.10% of the voting rights [6][7]. Group 4: Listing Standards - The company has chosen to meet the listing standards set forth by the Beijing Stock Exchange, which require an expected market value of no less than 200 million yuan and a net profit of at least 15 million yuan in the last two years, or a net profit of at least 25 million yuan in the most recent year [10]. Group 5: Market Position and Competitiveness - The company is expected to provide insights into the market space for industrial vehicle motor drive control systems, competitive landscape, and its core competitiveness in relation to major domestic competitors, as part of the inquiry from the review meeting [12].

【环球网财经综合报道】河南嘉晨智能控制股份有限公司目前正在申请北交所IPO，但该公司在核心原材料采购上高度依赖单一供应商，募资扩产的计划与 现有产能利用率下滑的现状相悖，叠加经营场所信息披露存疑、实控人涉贿案、董秘频繁更换等问题，引发较多关注。 嘉晨智能此次IPO募集资金拟投入"电气控制系统生产基地建设项目"，以满足日益增长的市场需求，但招股书数据显示，公司产能利用率从2022年的 110.22%连续下滑，2023年降至92.97%，2024年进一步跌至82.33%，产能闲置问题逐步凸显。 从产销端来看，部分产品也曾出现产销率偏低的情况，2022年车联网产品及应用产销率仅为73.29%，虽后续有所回升，但整体产能消化能力仍较疲态。 | | | | | 单位:小时 | | --- | --- | --- | --- | --- | | 项目 | 2025年1-6月 | 2024 年度 | 2023 年度 | 2022 年度 | | 产量(实际工时) | 10,721 | 19,347 | 14.410 | 14.328 | | 产能(理论工时) | 12,000 | 23,500 | 15,500 | 13,0 ...

工业车辆，泛指能够对成件托盘类货物进行装卸、堆垛和短距离运输、重物搬运作业的各种轮式搬运车 辆。其中，机动工业车辆俗称叉车，是现代物流与制造业不可或缺的物料搬运设备。在"双碳"战略持续深化 的背景下，全球工业车辆正加速向电动化转型，而叉车则是其中电动化渗透率最高的品类。 在此背景下， 河南嘉晨智能控制股份有限公司 （以下简称"嘉晨智能"）即将于2月12日迎来北交所上市审 议。公司主要从事电气控制系统产品及整体解决方案的研发、生产和销售，其主要产品是新能源工业车辆 的核心零部件之一，决定着新能源工业车辆性能、效率与安全性。凭借过硬的技术实力与产品口碑，嘉晨 智能已成功切入杭叉集团、安徽合力、比亚迪等国内外龙头企业供应链，在进口替代浪潮与行业电动化趋 势下，正迎来业绩与估值的双重增长机遇。 电动化浪潮孕育核心机遇，自主创新突破外资壁垒 叉车工业历史悠久，发轫于美国，是支撑现代物流与制造业高效运转的关键设备，广泛应用于批发零售、 制造业、仓储物流等核心领域，其市场景气度与经济活跃度紧密相连。我国工业车辆行业虽起步稍晚，但 经过多年奋起直追，自2009年起已连续稳居全球第一大叉车生产国和消费市场。 按动力源划分，叉车 ...

来源：大象新闻 本文来自微信公众号"大象新闻" 嘉晨智能招股说明书（上会稿）显示，公司本次拟公开发行人民币普通股1800万股，采用超额配售选择 权发行的股票数量不超过270万股。合计发行的股票数量不超过2070万股（含本数）。根据招股书，嘉 晨智能拟募集资金2.6亿元，用于电气控制系统生产基地建设项目、研发中心建设项目。 嘉晨智能位于郑州市，主要产品包括电机驱动控制系统、整机控制系统和车联网产品及应用等，目前下 游主要应用场景为工业车辆，并已逐步拓展至挖掘机械、高空作业机械等其他工程机械场景以及场地 车、移动机器人等多元化应用领域，客户包括杭叉集团、安徽合力、诺力股份、龙工、柳工、比亚迪、 徐工、凯傲、海斯特国内外主要工业车辆整车制造厂商。 2025年6月，嘉晨智能向北交所递交招股书，并获受理。 公司被认定为国家级专精特新"小巨人"企业、河南省第一批重点"小巨人"企业、国家高新技术企业、 2022年度国家知识产权优势企业、工信部"2021年绿色制造名单"企业、河南省"瞪羚"企业等。 据大河财立方消息，2月5日晚间，北交所上市委员会公告，定于2026年2月12日上午9时召开2026年第15 次审议会议，审议河南 ...

Core Viewpoint - Henan Jiachen Intelligent Control Co., Ltd. (referred to as "Jiachen Intelligent") has received a second round of inquiry from the Beijing Stock Exchange regarding the rationality and fairness of related party transactions, the production and sales situation of self-manufactured motor controllers, the reasonableness of performance growth, and the risk of decline in the future [2]. Group 1: Company Overview - Jiachen Intelligent was established in 2009 and primarily engages in the research, development, production, and sales of electrical control system products and overall solutions, including motor drive control systems, complete machine control systems, and Internet of Vehicles products [4]. - The company plans to raise 260 million yuan through its IPO, which will be used for the construction of a production base for intelligent drive control systems for new energy vehicles and a research and development center [4]. Group 2: Competitive Landscape - Jiachen Intelligent's former partner and current largest competitor is Curtis Instruments, which was acquired by Kohler Power in January 2022 [4]. - In 2016, Jiachen Intelligent chose to collaborate with Sapai Group, planning to capture market share through a low-price strategy, gradually switching its motor controller procurement from CURTIS to brands under Sapai Group, namely INMOTION and ZAPI [4]. Group 3: Client and Supplier Relationships - The inquiry letter indicates that Jiachen Intelligent's main clients do not directly purchase motor controllers from CURTIS or Sapai Group but do buy complete control assemblies and other products from CURTIS and Sapai Group's downstream clients [5]. - The inquiry also requests clarification on the accuracy of the names used for CURTIS, Curtis, and Curtis Instruments, as well as any potential contradictions in related responses [5].