Core Viewpoint - Yuelong Technology has submitted its IPO application to the Beijing Stock Exchange, indicating its growth and potential in the flexible pipeline industry amidst the current technological wave [2] Company Overview - Yuelong Technology, originally established as Laizhou Rubber Factory in September 1982, has undergone several name changes and transformations, becoming a limited liability company in March 2009 [3] - The company specializes in the research, production, and sales of flexible pipelines for fluid transportation, focusing on high-performance products for extreme conditions [3] Financial Performance - Revenue for Yuelong Technology is projected to grow from 189 million yuan in 2022 to 262 million yuan in 2024, with net profits increasing from approximately 47.92 million yuan to 84.14 million yuan during the same period [3] - The company's gross profit margins are expected to rise from 51.97% in 2022 to 59.95% in 2024 [3] Assets and Equity - Total assets are forecasted to increase from approximately 382.23 million yuan in 2022 to about 511.84 million yuan in 2024, while total equity is expected to grow from 270.75 million yuan to 401.76 million yuan [4] - The company's debt-to-equity ratio is projected to improve from 25.86% in 2022 to 19.37% in 2024, indicating a stronger financial position [4] Shareholder Structure - Xu Jincheng, the controlling shareholder, holds 57.57% of the company's shares directly and controls an additional 16.22% indirectly, totaling 73.79% [4] Employee Structure - As of 2024, Yuelong Technology employs 367 people, with 65.67% holding a high school diploma or below, raising concerns about the educational qualifications of its workforce [6] - The company has a diverse workforce with 53.13% in production roles, 13.08% in R&D, and 9.26% in sales [7][8] Fundraising and Investment Plans - Yuelong Technology plans to raise 289 million yuan through its IPO, with funds allocated for various projects, including 140 million yuan for a new self-floating rubber hose production project and 60 million yuan for upgrading production facilities [8][9] - Successful implementation of these projects is expected to enhance the company's core business, expand product offerings, and improve operational efficiency [8]

Group 1 - As of May 27, 2023, the Beijing Stock Exchange (BSE) has accepted 14 new listing applications this year, with 6 of them accepted in May alone, marking a monthly record for the year [1][5] - Two new "little giant" companies, Guangdong Haode CNC Equipment Co., Ltd. and Shandong Yuelong Rubber and Plastic Technology Co., Ltd., had their listing applications accepted on May 26 [3][4] Group 2 - Haode CNC, established on March 18, 2014, focuses on the research, design, production, and sales of specialized equipment for panel furniture, with projected revenues of 337 million yuan, 494 million yuan, and 458 million yuan from 2022 to 2024, respectively [3][4] - The net profit for Haode CNC for the same period is projected to be 34.98 million yuan, 72.92 million yuan, and 66.69 million yuan, with a weighted average return on equity of 23.10% in 2024, indicating strong profitability [3][4] Group 3 - Yuelong Technology, founded on March 18, 2009, specializes in flexible pipeline solutions for fluid transport, with revenues of 189 million yuan, 219 million yuan, and 262 million yuan from 2022 to 2024, respectively [4] - The net profit for Yuelong Technology during the same period is expected to be 47.92 million yuan, 60.78 million yuan, and 84.14 million yuan, with a significant revenue growth of 19.63% and net profit growth of 38.44% in 2024 [4] - The gross profit margin for Yuelong Technology is projected to rise to 59.95% in 2024, although the growth rate of accounts receivable exceeds that of revenue, which may pose cash flow management challenges [4]