本次冲击上市，维通利拟募集资金约15.94亿元。 北京商报讯（记者 马换换 王蔓蕾）1月5日晚间，深交所官网显示，北京维通利电气股份有限公司（以 下简称"维通利"）主板IPO提交注册，公司冲击上市进入最后一关。 据了解，维通利主营业务为硬连接、柔性连接、触头组件、叠层母排和CCS等系列化电连接产品以及同 步分解器等产品的研发、生产和销售。公司IPO于2025年6月21日获得受理，同年12月30日上会获得通 过。 ...

招股书显示，维通利主营业务为硬连接、柔性连接、触头组件、叠层母排和CCS等系列化电连接产品以及同步分解 器等产品的研发、生产和销售。公司致力于为全球各领域客户提供高性能电连接产品及贴合其个性化需求的产品组 合方案，使电连接更加安全、可靠、绿色、智能。 在多年的发展历程中，公司紧跟国家政策导向与行业发展趋势，依托在电连接领域的技术沉淀和行业经验，逐步将 应用领域从电力电工、轨道交通等行业拓展至新能源汽车、风光储(风电、光伏、储能)等新兴行业。 维通利重点服务电连接产品中高端客户，产品获得了各应用领域主流客户的广泛认可。电力电工领域，产品供应西 门子、施耐德、ABB、日立能源、GE等；新能源汽车领域，产品供应比亚迪、斯特兰蒂斯、零跑汽车、中创新 航、欣旺达、蜂巢能源、孚能科技等；风光储领域，产品供应金风科技、明阳智能、维谛技术、阳光电源、索英电 气、奇点能源、台达电子等；轨道交通领域，产品供应中国中车、西屋制动、阿尔斯通等。上述客户均为所在行业 的头部企业或世界500强企业。 公司本次募集资金扣除发行费用后，将全部用于以下项目： 智通财经APP获悉，1月5日，北京维通利电气股份有限公司(简称：维通利)申请深交所主 ...

IPO Review and Registration Progress - Three companies were reviewed for IPO last week, with two successfully passing the review, while one, Guangtai Vacuum, had its application postponed [3][4] - Peicheng Technology, focused on lithium battery new energy, reported revenue of 886 million yuan and net profit of 129 million yuan for the first three quarters of 2025, marking year-on-year growth of 76.49% and 114.83% respectively [3][4] - Weitongli, specializing in electrical connection products, achieved revenue of 2.212 billion yuan and net profit of 216 million yuan in the same period [4] Upcoming IPOs - Two companies, Chenguang Electric and Banzhe Chuangke, are set to undergo IPO reviews this week, with Chenguang Electric aiming to raise 399 million yuan [5][6] - Chenguang Electric projects a revenue of 918 million to 928 million yuan for 2025, reflecting a year-on-year growth of 11.05% to 12.26% [5] - Banzhe Chuangke anticipates a revenue of 1.76 billion to 1.82 billion yuan for 2025, with a growth rate of 16.57% to 20.55% [6] Recent IPO Activity - A surge in IPO applications was noted at the end of 2025, with 58 applications accepted, including 40 from the Beijing Stock Exchange [7][9] - Companies like Dachang Technology and Yan'an Pharmaceutical are attempting to reapply for IPOs after previous rejections [7][8] - Dongguan Bank and Nanhai Rural Commercial Bank have resumed their IPO processes after their statuses changed from "suspended" to "accepted" [9] New Stock Listings and Performance - Shaanxi Tourism is set to list on the Shanghai Main Board, with an expected revenue of 951 million to 1.117 billion yuan for 2025, indicating a decline of 24.69% to 11.54% [10] - The stock of Hengdongguang surged by 878.16% on its first trading day, closing at 309 yuan per share [10][11] - Strongyi Co., which focuses on semiconductor testing hardware, saw its stock rise by 165.61% on its debut, closing at 226.01 yuan per share [11] Upcoming New Stock Subscriptions - Two new stocks, Kema Materials and Zhixin Co., are scheduled for subscription, with respective issue prices of 11.66 yuan and 21.88 yuan [12] - Kema Materials expects a revenue of 250 million to 280 million yuan for 2025, while Zhixin Co. anticipates 3.9 billion to 4.05 billion yuan, reflecting growth rates of 0.39% to 12.44% and 26.30% to 31.16% respectively [12]

登录新浪财经APP 搜索【信披】查看更多考评等级 过会≠过关、被BYD卷价格更卷账期的维通利应对毛利率下滑已采取措施的有效性以及期后经营业绩增长的可持续性被追问、"高 新"资质堪忧 上亿的收入凭证神秘失踪，主力产品价格腰斩，现金流由正转负，这家头顶国内电连接行业第一桂冠的公司，正试图在上市委的审 视下证明自己"大而不倒"。 2025年12月30日，深交所上市审核委公布，北京维通利电气股份有限公司的IPO申请获得了"符合发行条件、上市条件和信息披露 要求"的审议结果。 但这绝不意味着闯关成功——委员们抛出的问题直指公司最痛的软肋：如何应对毛利率下滑？业绩增长能否持续？ 01 现金流警报，业绩含金量受疑 然而，靓丽的业绩数字背后，现金流却拉响了警报。 2025年上半年，公司经营现金流转为负值-4336.88万元。这与同期1.39亿元的净利润形成了冰火两重天的对比。 现金流与净利润背离的问题并非一日之寒。数据显示，公司销售商品收到的现金与营业收入之比从2022年的0.84持续下滑至2024年 的0.70。 经营活动现金流量净额从2023年的1.63亿元下降到2024年的1.03亿元，再到2025年上半年直接转为负值 ...

Core Viewpoint - Beijing Weitongli Electric Co., Ltd. has been approved for its initial public offering (IPO) on the Shenzhen Stock Exchange, marking it as the 109th company to pass this year [1]. Company Overview - Weitongli specializes in the research, production, and sales of a range of electrical connection products, including hard connections, flexible connections, contact components, laminated busbars, and CCS products [1]. - The company plans to raise approximately 159.38 million yuan for projects including the construction of an electric connection base in Zhuzhou, intelligent upgrades for production bases in Wuxi and Beijing, and the establishment of a research and development center [2]. Shareholding Structure - As of the signing date of the prospectus, Huang Haoyun directly holds 105.78 million shares, representing 56.57% of the company, and serves as the chairman and general manager [1]. - Huang Haoyun, along with family members and associated entities, collectively holds 85.51% of the shares, establishing a unified action relationship among them [2]. Underwriting and Approval - The underwriting institution for Weitongli's IPO is Zhongtai Securities, marking it as the third successful IPO project for the firm this year [1]. - The company was reviewed and approved during the 37th meeting of the Shenzhen Stock Exchange's listing review committee for 2025 [1].

Core Viewpoint - Beijing Weitongli Electric Co., Ltd. has received approval for its initial public offering (IPO) on the Shenzhen Stock Exchange, aiming to raise 1.594 billion yuan for various projects including the construction of intelligent production bases and a research center [1] Financial Performance - The company reported revenues of 1.437 billion yuan, 1.699 billion yuan, and 2.390 billion yuan for the years 2022, 2023, and 2024 respectively, indicating a revenue growth of 40.72% in 2024 [1] - Net profits for the same years were 114 million yuan, 187 million yuan, and 271 million yuan, reflecting a year-on-year increase of 45.20% in 2024 [1] Key Financial Metrics - Projected financial metrics for 2024 include: - Revenue: 2.390 billion yuan - Net profit attributable to shareholders: 271 million yuan - Basic and diluted earnings per share: 1.45 yuan - Return on equity: 19.67% [1] - Cash flow from operating activities for 2024 is expected to be 1.029 billion yuan [1]

Core Viewpoint - Beijing Vito Electric Co., Ltd. has successfully passed the IPO review on the Shenzhen Stock Exchange, aiming to raise approximately 1.594 billion yuan for its operations [1] Group 1: Company Overview - Vito Electric specializes in the research, production, and sales of a range of electric connection products, including hard connections, flexible connections, contact components, laminated busbars, and CCS [1] - The company’s IPO was accepted on June 21, 2025, and it entered the inquiry phase on July 4 of the same year [1] Group 2: Financial Aspects - The company plans to raise around 1.594 billion yuan through this IPO [1] Group 3: Regulatory Considerations - During the listing committee meeting, Vito Electric was asked to address the effectiveness of measures taken to cope with declining gross margins, considering factors such as product price trends in the new energy vehicle and wind-solar storage sectors, technological iteration risks, raw material price fluctuations, pricing mechanisms with major clients, and the status of future orders [1]

Core Viewpoint - Beijing Weitongli Electric Co., Ltd. has successfully passed the listing committee meeting of the Shenzhen Stock Exchange, aiming to raise 1.59374 billion yuan [1] Group 1: Company Overview - Weitongli specializes in the research, production, and sales of a series of electrical connection products, including hard connections, flexible connections, contact components, laminated busbars, and CCS [1] - The company aims to provide high-performance electrical connection products and customized solutions to global customers, enhancing safety, reliability, and intelligence in electrical connections [1] Group 2: Clientele and Market Position - Weitongli serves high-end clients in various sectors, with products recognized by leading companies in their respective fields, including Siemens, Schneider, ABB, Hitachi Energy, and GE in the electrical power sector [1] - In the new energy vehicle sector, clients include BYD, Stellantis, Leap Motor, and others [1] - The company also supplies products to major players in the wind and solar storage sector, such as Goldwind Technology and Sungrow Power [1] - In the rail transportation sector, clients include CRRC, Westinghouse, and Alstom [1] Group 3: Financial Performance - The company's revenue for 2022, 2023, and 2024 is approximately 1.437 billion yuan, 1.699 billion yuan, and 2.390 billion yuan, respectively [3] - Net profit for the same years is approximately 115 million yuan, 186 million yuan, and 271 million yuan [3] - The total assets as of December 31, 2024, are projected to be 2.357 billion yuan, with equity attributable to shareholders at 1.517 billion yuan [4] - The company’s operating income and net profit are expected to show significant growth, with a projected net profit margin increase [4]

Core Viewpoint - Beijing Weitongli Electric Co., Ltd. (Weitongli) is preparing for its listing on the Shenzhen Stock Exchange, with a focus on its core business in electric connection products and a significant family ownership structure led by Huang Haoyun [1][3]. Company Overview - Weitongli specializes in hard connections, flexible connections, contact components, laminated busbars, CCS products, and synchronous decomposers, serving sectors such as electric power, new energy vehicles, wind power, photovoltaics, energy storage, and rail transportation [1]. - Major clients include Siemens, General Electric, BYD, BAIC, Funeng Technology, and Xinwangda [1]. Ownership Structure - The company was established in October 2003 and underwent a shareholding reform in September 2023, with 13 shareholders [1]. - Huang Haoyun is the largest shareholder with a 65.93% stake, holding over 85% of the voting rights, indicating a family-controlled enterprise [1][3]. Investment and Financing - In December 2023, Weitongli initiated a capital increase with three private equity firms investing a total of 1.2 million yuan at a subscription price of 13.5 yuan per share [3]. - A performance agreement was signed with these investors, allowing them to require Huang Haoyun to repurchase shares if the company fails to go public by specified deadlines [3][5]. Regulatory Issues - The company has faced multiple administrative penalties, including a warning for discrepancies in financial reporting and fines for illegal construction and environmental violations [5][6][8]. - A total of six penalties have been recorded from the previous year to date, highlighting the need for improved compliance management [8].

Core Viewpoint - The company, Weitongli Electric Co., Ltd., is facing challenges in its IPO process due to legal issues and administrative penalties, despite strong financial growth and a prestigious client list in the renewable energy sector [2][11][19]. Financial Performance - Weitongli's revenue is projected to reach nearly 2.4 billion yuan in 2024, with a net profit of 271 million yuan, showing consistent growth over the past three years [2][5]. - Revenue increased from 1.437 billion yuan in 2022 to 2.39 billion yuan in 2024, while net profit rose from 114 million yuan to 271 million yuan during the same period [5]. - In the first nine months of 2025, revenue surged by 32.73% to 2.212 billion yuan, with net profit growing by 10% to 216 million yuan [5]. - The company leads the industry in revenue from hard and flexible connections, with hard connections revenue rising from 529 million yuan in 2022 to 681 million yuan in 2024 [5]. Client Base - Weitongli serves a prestigious list of clients across various sectors, including Siemens, Schneider Electric, BYD, and BMW, indicating its strong market position [3][5]. Business Segments - The company's revenue from the electric power and electrical segment grew from 554 million yuan in 2022 to 807 million yuan in 2024, but its share of total revenue decreased from 42.43% to 36.04% [7]. - The new energy vehicle segment saw significant growth, with revenue increasing from 344 million yuan in 2022 to 825 million yuan in 2024, becoming the largest revenue source by mid-2025 [7]. Legal and Compliance Issues - Weitongli has received seven administrative penalties over two and a half years, raising concerns about its internal governance and compliance [11][14]. - The company is currently involved in two major lawsuits related to commercial secret infringement, with claims exceeding 1 million yuan [16][19]. Family Ownership Structure - The company is predominantly family-controlled, with the founder holding 56.57% of the shares and the family collectively controlling 85.51% [11][12]. - This concentrated ownership structure has implications for governance and decision-making within the company [11][14]. Cash Flow and Financial Health - The company's accounts receivable reached 1.042 billion yuan, representing nearly 70% of current assets, which may impact cash flow [10][14]. - The cash flow from operating activities has shown volatility, with a net cash flow of -43 million yuan in the latest reporting period [10].