2023年7月，广东思锐光学股份有限公司（思锐光学）启动辅导备案；2024年6月，思锐光学北交所IPO获得受理，当年7月被问询；时隔近一年，思锐光学 在2025年4月27日主动撤回上市申请，IPO上市进程终止。 思锐光学是一家专业从事可互换光学镜头、脚架云台等摄影摄像器材和精密光学元器件产品研发、生产和销售的国家高新技术企业，品牌是"SIRUI"，产品 包括摄影脚架、摄像脚架、独脚架、云台等。 梳理来看，创始人李杰身兼董事长、总经理两大要职，持股比例超八成，在公司拥有绝对话语权，需要防止实际控制人不当控制风险；思锐光学、李杰以及 董秘林炳坤曾因募集资金使用不规范等被出具监管警示函；扩建项目拟新增15万个可互换光学镜头产能，350万件光学元器件产能，被问询是否存在过度扩 产；研发费用率不及行业均值，销售费用率远超诸多同行；2023年业绩快速增长引关注，影石创新成为第一大客户，七成收入来源于境外；存货增长迅猛， 计提的存货跌价准备远低于行业均值。 实控人持股比例超八成 2006年7月，思锐光学在广东中山成立，创始人是李杰，截至招股书披露日，其直接持股比例为75.64%，还通过财盛投资间接控制4.58%的股权，合计 ...

Core Viewpoint - The company, SIRUI Optical, has experienced significant growth in revenue and net profit during the reporting period, particularly in 2023, despite facing challenges from international trade tensions and tariffs [1][2][3] Group 1: Company Overview - SIRUI Optical specializes in the research, production, and sales of interchangeable optical lenses, tripods, and precision optical components, primarily under the "SIRUI" brand [1] - The company's major shareholder and actual controller is Li Jie, who holds 80.22% of the shares and serves as the chairman and general manager [1] Group 2: Financial Performance - The company's revenue for the years 2021 to 2023 was 189 million, 183 million, and 262 million respectively, with net profits of 17.1 million, 18.9 million, and 31.3 million [1] - In 2023, SIRUI Optical's revenue grew by 43% year-on-year, and net profit increased by 66% [2] - The company reported a gross profit margin of 43.87%, 47.46%, and 47.95% during the same period [1] Group 3: Sales and Market Dynamics - A significant portion of SIRUI Optical's sales is international, with overseas revenue accounting for 76.24%, 77.10%, and 76.27% of total revenue from 2021 to 2023 [2] - Sales to the Americas represented 38.23%, 41.91%, and 43.25% of total sales, indicating a rapid growth trend in that region [2] Group 4: Trade Environment and Challenges - The company has faced challenges due to ongoing international trade tensions, particularly with the U.S., which has imposed tariffs on some of its products [3] - SIRUI Optical has established three wholly-owned subsidiaries in the U.S., Germany, and Japan, which are sales-focused and do not engage in production [3]

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