瑞财经 刘治颖 2月25日，江苏朗信电气股份有限公司（以下简称：朗信电气）披露第二轮问询的回复， 保荐机构为中信建投，保荐代表人为黄建飞、姜志堂，会计师事务所为立信。 朗信电气成立于2009年11月，主营业务为热管理系统电驱动零部件产品的研发、生产及销售。经过10多 年发展积累，公司在电机高效率、轻量化、低噪音、低电磁干扰等方面形成了自主解决方案，拥有智能 化、数字化工厂及完整质量检测体系。 本次问询中，信息披露准确性、充分性引关注。根据申请文件及问询回复，部分问题未按要求回答或未 发表明确核查意见。 对此，北交所要求朗信电气：补充披露实际控制人及其一致行动人相关信息并说明其亲属（如李俊峰） 在公司处任职、持股具体情况，列表简要说明公司主要股东之间的关联关系、直接及间接持股情况、限 售具体安排及合规性。 朗信电气表示，2026年2月2日，公司控股股东银轮股份披露《浙江银轮机械股份有限公司关于追溯认定 徐铮铮先生为公司共同实际控制人的提示性公告》：银轮股份自2020年8月徐铮铮担任银轮股份副董事 长起，将徐小敏之子徐铮铮追溯认定为银轮股份共同实际控制人。 公司自2018年4月被银轮股份收购至今，银轮股份均为公司 ...

Core Viewpoint - Jiangsu Langxin Electric Co., Ltd. is preparing for an IPO on the Beijing Stock Exchange, with significant clients including Geely Group and Chery Automobile, and has responded to inquiries regarding control stability, performance sustainability, and accounts receivable growth [1][3]. Financial Performance - Revenue for the reporting period (2022 to 2024) is projected to be 668 million yuan, 1.031 billion yuan, and 1.301 billion yuan, with net profits of 45.31 million yuan, 81.24 million yuan, and 116.38 million yuan respectively [2]. - In the first half of 2025, the company achieved approximately 595 million yuan in revenue and a net profit of 44.34 million yuan [1]. - Revenue growth rates for 2023, 2024, and the first half of 2025 are 54.25%, 26.16%, and 6.09%, while net profit growth rates are 79.29%, 43.25%, and 1.41% [2][3]. Market Dynamics - The slowdown in the downstream vehicle market has led to a decrease in sales growth for the company's main products, compounded by price reductions due to competitive pressures [3]. - The average selling price of electronic fans has declined, impacting revenue growth and gross margins [3]. Accounts Receivable - Accounts receivable at the end of each reporting period were 323 million yuan, 430 million yuan, and 687 million yuan, representing 48.34%, 41.74%, and 52.78% of revenue respectively [3]. Shareholding Structure - The controlling shareholder of Langxin Electric is Zhejiang Yinlun Machinery Co., Ltd., which holds 46.01% of the voting rights [4]. Related Party Transactions - There are concerns regarding potential competition with subsidiaries of Yinlun Machinery, but Langxin Electric asserts that its operations are distinct and do not harm interests [5][6]. - Sales to the top five customers accounted for 83.08%, 77.22%, and 68.43% of total sales, with the largest customer being Yinlun Group [5].