Core Viewpoint - Jiangsu Yaokun Hydraulic Co., Ltd. has made progress in its IPO process by submitting its registration after nearly two years of waiting, while other companies like Beijing Bohua Xinzhi Technology Co., Ltd., Zhuhai Saiwei Electronic Materials Co., Ltd., and Hunan Weapon Industry Group Co., Ltd. have faced delays in their IPO submissions due to expired financial documents [1][6]. Group 1: Company Overview - Yaokun Hydraulic specializes in the research, production, and sales of hydraulic components and parts, with main products including oil tanks, hard pipes, and metal fittings, primarily used in excavators and other engineering machinery [3]. - The company achieved revenues of approximately 707 million yuan, 659 million yuan, 643 million yuan, and 365 million yuan for the years 2022 to 2024 and the first half of 2025, with corresponding net profits of about 142 million yuan, 132 million yuan, 115 million yuan, and 67.1 million yuan [3]. Group 2: Financial Projections - For the year 2025, Yaokun Hydraulic forecasts revenues of approximately 752 million yuan, representing a growth of 16.99% compared to the previous year, and a net profit of about 130 million yuan, reflecting a growth of 13.55% [4]. - The company plans to raise approximately 809 million yuan through its IPO, with allocations of 659 million yuan for production projects, 80 million yuan for R&D center construction, and 70 million yuan for working capital [4]. Group 3: Shareholder Structure and Financial Health - Yaokun Hydraulic's major shareholders include Xie Yaokun, Xie Wenqing, and Xie Wengu, who collectively hold 81.85% of the shares and control 87.39% of the voting rights [5]. - The company has reported high accounts receivable, with values of approximately 201 million yuan, 162 million yuan, 196 million yuan, and 199 million yuan at the end of each reporting period, constituting a significant portion of current assets [5]. Group 4: Industry Context - Other companies like Bohua Technology, Zhuhai Saiwei, and Hunan Weapon Industry have faced delays in their IPO processes despite having received approval, with Bohua Technology's IPO application being stalled due to expired financial documents [6][7]. - Bohua Technology focuses on health management systems for military and industrial equipment, while Zhuhai Saiwei specializes in lithium-ion battery electrolyte production [8]. Hunan Weapon Industry is involved in military product development and testing services [8].

Group 1 - Jiangsu Yaokun Hydraulic Co., Ltd. has made progress in its IPO by submitting registration on December 8, 2023, after nearly two years of waiting [1][4] - The company primarily engages in the research, production, and sales of hydraulic components, with key products including oil tanks, hard pipes, and metal fittings, mainly used in excavators and other construction machinery [5] - For the years 2022 to 2024, Yaokun Hydraulic reported revenues of approximately 707 million yuan, 659 million yuan, and 643 million yuan, with corresponding net profits of about 142 million yuan, 132 million yuan, and 115 million yuan [5] Group 2 - The company plans to raise approximately 809 million yuan through its IPO, with funds allocated for the construction of a hydraulic component production project, a research and development center, and to supplement working capital [6] - The company has a high proportion of accounts receivable, with values of approximately 201 million yuan, 162 million yuan, 196 million yuan, and 199 million yuan at the end of each reporting period, representing 26.77%, 22.03%, 24.14%, and 23.51% of total current assets respectively [6] - The controlling shareholders of Yaokun Hydraulic are Xie Yaokun, Xie Wenqing, and Xie Wenguang, who collectively hold 81.85% of the shares and control 87.39% of the voting rights [6] Group 3 - Other companies such as Beijing Bohua Xinzhi Technology Co., Ltd., Zhuhai Saiwei Electronic Materials Co., Ltd., and Hunan Weapon Industry Group Co., Ltd. have also passed the IPO review but have not made further progress, with their applications currently in a suspended state due to expired financial documentation [1][7] - Bohua Technology, which focuses on health management for critical equipment, has been waiting for over three years since its IPO application was accepted in June 2022, and it plans to raise 850 million yuan for various projects [8][9] - Zhuhai Saiwei, which specializes in lithium-ion battery electrolyte production, has also been in the IPO queue for over three years and aims to raise 1 billion yuan for its projects [10]

IPO过会近两年，刚刚提交注册！ 据了解，耀坤液压主要从事液压元件及零部件的研发、生产和销售，主要产品为油箱、硬管和金属饰件 等，主要应用于挖掘机等各类工程机械主机设备。公司IPO于2023年3月2日获得受理，2023年3月24日 进入问询阶段，并于2024年1月25日上会获得通过。 来源：资本秘闻 本次冲击上市，耀坤液压拟募集资金约8.09亿元，将投入徐州耀坤液压有限公司液压元件及零部件生产 建设项目（一期）、研发中心建设项目、补充流动资金。 2024年1月过会后，江苏耀坤液压股份有限公司（以下简称"耀坤液压"）IPO始终未有实质性进展。12月 8日晚间，深交所官网显示，耀坤液压主板IPO提交注册。 2024年1月过会后，江苏耀坤液压股份有限公司（以下简称"耀坤液压"）IPO始终未有实质性进展。12月 8日晚间，深交所官网显示，耀坤液压主板IPO提交注册。 责任编辑：杨红卜 IPO过会近两年，刚刚提交注册！ 来源：资本秘闻 据了解，耀坤液压主要从事液压元件及零部件的研发、生产和销售，主要产品为油箱、硬管和金属饰件 等，主要应用于挖掘机等各类工程机械主机设备。公司IPO于2023年3月2日获得受理，2023年 ...

Core Viewpoint - Jiangsu Yaokun Hydraulic Co., Ltd. has made progress in its IPO process, with registration submitted after a period of inactivity since its approval in January 2024 [1] Company Overview - Jiangsu Yaokun Hydraulic specializes in the research, production, and sales of hydraulic components and parts, with main products including oil tanks, hard pipes, and metal fittings [1] - The company's products are primarily used in excavators and various types of construction machinery [1] IPO Details - The IPO was accepted on March 2, 2023, entered the inquiry stage on March 24, 2023, and was approved on January 25, 2024 [1] - The company aims to raise approximately 809 million yuan (about 8.09 billion yuan) through the IPO [1] - The raised funds will be allocated to the construction of a hydraulic components production project (Phase I), a research and development center, and to supplement working capital [1]

Core Viewpoint - Jiangsu Yaokun Hydraulic Co., Ltd. has applied for IPO review status change to "submitted for registration" on the Shenzhen Stock Exchange, aiming to raise 808.62 million yuan [1] Company Overview - Yaokun Hydraulic specializes in the R&D, production, and sales of hydraulic components and parts, with main products including oil tanks, hard pipes, and metal fittings, primarily used in excavators and other engineering machinery [1][2] - The company has established a strong brand and competitive advantage through years of independent innovation and has built a complete product system in the hydraulic component sector [1][2] Market Position - The hydraulic industry in China has developed rapidly over the past 60 years, with over 1,000 domestic hydraulic enterprises, but most are small-scale, leading to low industry concentration and overall competitiveness [2] - Yaokun Hydraulic has successfully entered the supply chain of major global engineering machinery manufacturers, establishing long-term partnerships with companies like Caterpillar, Komatsu, and Volvo [2] Industry Performance - According to the China Engineering Machinery Industry Association, Yaokun Hydraulic's oil tanks and hydraulic hard pipes ranked among the top three in market share in the Chinese engineering machinery market from 2022 to 2024 [3] - The company is recognized for its comprehensive strength in the hydraulic industry, ranking among the top ten in terms of product revenue from 2022 to 2024 [3] Financial Overview - The company plans to invest the raised funds into several projects, including a hydraulic components production project with a total investment of 658.6185 million yuan and a research and development center [4] - Financial performance shows a decline in revenue from 707 million yuan in 2022 to an expected 365 million yuan by June 30, 2025, with net profit also decreasing from 142 million yuan in 2022 to an expected 67.45 million yuan [4] - Total assets are projected to grow from 992.55 million yuan in 2022 to approximately 1.30094 billion yuan by June 30, 2025, while the debt-to-asset ratio is expected to improve from 19.40% in 2022 to 11.59% by mid-2025 [5]