Core Viewpoint - Suzhou Lain Precision Alloy Co., Ltd. (Lain Precision) is undergoing an IPO review by the Beijing Stock Exchange, with inquiries regarding the accuracy of its actual controller identification and shareholding structure [1][5]. Group 1: Company Overview - Lain Precision was established in 1999 with a registered capital of 51.16 million yuan, focusing on the R&D, design, production, and sales of precision aluminum alloy products, particularly in the fields of lifting equipment, industrial automation, home elevators, and industrial lifting [1]. - The actual controllers of the company are identified as Zhang Xiuzhu and Zhang Jianyuan, who hold 90.00% and 7.10% of the shares in the parent company, Flain Group, respectively [1][5]. Group 2: Shareholding Structure - Zhang Xiuzhu, aged 40, serves as the Chairman and General Manager, while Zhang Jianyuan, aged 65, is a board member [1]. - Zhang Meizhen, who is the mother of Zhang Xiuzhu, holds 2.90% of Flain Group's shares but is not recognized as an actual controller. There have been instances where Zhang Jianyuan and Zhang Meizhen received shares as gifts from Zhang Xiuzhu [1][5]. - On January 17, 2024, Zhang Xiuzhu signed a shareholding proxy agreement with Zhang Meizhen, transferring 13.64 million yuan in capital (equivalent to 88.00% of registered capital) to her for management purposes [3]. Group 3: Regulatory Inquiry - The Beijing Stock Exchange has requested clarification on why Zhang Meizhen is not recognized as an actual controller, considering her direct or indirect shareholding, position, and involvement in management decisions before and after receiving gifted shares [5]. - Zhang Xiuzhu has an academic background in economics and finance from the University of Exeter and Saint Mary's University, and has held various positions within the company since 2010, including roles as a salesperson, executive director, and general manager [5].

Core Viewpoint - The recent surge in IPO applications on the Beijing Stock Exchange indicates a robust growth potential across various sectors, with companies focusing on innovation and advanced technology solutions [1][4]. Group 1: IPO Applications and Companies - A total of 17 companies submitted IPO applications to the Beijing Stock Exchange from June 1 to June 20, showing a significant increase compared to May [1]. - Notable companies include Autu Technology, Longxin Intelligent, New Fortune Technology, and Ryan Precision Engineering, each specializing in different high-growth sectors [1][2]. - Autu Technology focuses on automotive stamping automation solutions, while Longxin Intelligent provides smart factory solutions for industries like new energy and fine chemicals [1][2]. Group 2: Financial Performance and Projections - Longxin Intelligent's projected revenues for 2022, 2023, and 2024 are 336 million, 582 million, and 604 million yuan, respectively, driven by demand in the new energy sector [2]. - New Fortune Technology specializes in thermal management components for electric vehicles, with plans to raise 463 million yuan for expansion and working capital [2]. - Ryan Precision Engineering aims to raise 359 million yuan for projects including aluminum profile production and upgrading its R&D center [3]. Group 3: Successful IPO Approvals - Companies Energlow and Balanshi have recently received approval for their IPOs, indicating strong market confidence [3][4]. - Balanshi focuses on automotive maintenance equipment and plans to raise 300 million yuan for smart upgrades and expansion [3]. - Energlow specializes in high polymer additives and has developed over 300 product grades, serving various industries including automotive and electronics [4]. Group 4: Emphasis on R&D and Innovation - Companies applying for IPOs and those that have been approved emphasize significant investment in R&D to maintain competitive advantages [4][5]. - Autu Technology's R&D expenses are projected to increase from 14.3 million to 18.5 million yuan from 2022 to 2024, reflecting its commitment to innovation [4]. - Ryan Precision Engineering has developed multiple core technologies and maintains a strong focus on R&D, with expenses projected to be around 3.28% to 4.53% of revenue from 2022 to 2024 [5][6].

Core Viewpoint - Suzhou Lain Precision Alloy Co., Ltd. has been accepted for IPO on the Beijing Stock Exchange, aiming to raise 359 million yuan for various projects and debt repayment [3] Company Overview - Founded in 1999, Lain Precision specializes in the R&D, design, production, and sales of precision aluminum alloy products, focusing on climbing equipment and extending into industrial automation, home elevators, and industrial lifting [3] - The actual controllers of the company are Zhang Xiuzhu and Zhang Jianyuan, with Zhang Xiuzhu holding 90% of the controlling shareholder, Flyen Group [3] Management Background - Zhang Xiuzhu, the chairman and general manager, has a strong educational background with degrees in economics and finance from UK and Canadian universities [5] - Zhang Jianyuan, a board member, has extensive experience in various manufacturing and management roles since the late 1990s [8] Financial Performance - The company's revenue for 2022, 2023, and 2024 is projected to be 1.003 billion yuan, 849 million yuan, and 1.159 billion yuan, respectively, with net profits of 99.736 million yuan, 56.373 million yuan, and 94.932 million yuan, indicating revenue fluctuations [9] - International sales constitute a significant portion of the company's revenue, with overseas sales accounting for 81.25%, 79.62%, and 80.96% of total revenue during the reporting periods [9] - Revenue from the United States is expected to represent 63.55% of total revenue in 2024 [9]