Core Viewpoint - Henan Jiachen Intelligent Control Co., Ltd. has submitted its prospectus for listing on the Beijing Stock Exchange, aiming to raise 260 million yuan through the issuance of up to 17 million shares for the construction of an electrical control system production base and a research and development center [1][2]. Company Overview - Jiachen Intelligent is located in Zhengzhou and specializes in motor drive control systems, complete machine control systems, and Internet of Vehicles products, with applications primarily in industrial vehicles and expanding into other engineering machinery and mobile robotics [2]. - The company has established a diverse client base, including major domestic and international manufacturers such as Hangcha Group, Anhui Heli, BYD, and XCMG [2]. Financial Performance - In 2024, Jiachen Intelligent reported revenue of 382 million yuan and a net profit attributable to shareholders of 57.37 million yuan [3]. - The company meets the listing standards of the Beijing Stock Exchange, with an expected market value of no less than 200 million yuan and a net profit of 48.41 million yuan for the previous year, alongside a weighted average return on net assets of 14.30% [3]. Recognition and Qualifications - Jiachen Intelligent has been recognized as a national-level "specialized and innovative" small giant enterprise, a key "small giant" enterprise in Henan Province, and a national high-tech enterprise, among other accolades [3].

Core Viewpoint - Henan Jiachen Intelligent Control Co., Ltd. has completed the guidance work for public offering of shares and listing on the Beijing Stock Exchange, with China International Capital Corporation as the guiding institution [1] Group 1: Company Overview - Henan Jiachen Intelligent Control was established in 2009, focusing on the research, production, and sales of electrical control system products and overall solutions, including motor drive control systems, complete machine control systems, and vehicle networking products [2][3] - The company has a high customer concentration, with the top five customers accounting for 87.06%, 87.71%, and 82.02% of revenue in the years 2022, 2023, and 2024 respectively, with the largest customer, Hangcha Group, contributing 52.82%, 44.69%, and 42.16% of revenue in the same years [3] Group 2: Financial Performance - The company's projected operating revenues for 2022, 2023, and 2024 are 336.18 million, 376.30 million, and 381.54 million respectively, while the net profits attributable to the parent company are expected to be 56.62 million, 49.27 million, and 57.37 million for the same years [3] Group 3: Previous IPO Attempts - The company previously applied for an IPO on the Sci-Tech Innovation Board in 2022 but withdrew its application on May 30, 2023, leading to the termination of the review process by the Shanghai Stock Exchange [4] - The previous IPO fundraising projects included the construction of a production base for intelligent drive control systems for new energy vehicles, a research and development center, and working capital, with a total planned fundraising amount of 536 million [5][6] Group 4: Current Fundraising Plans - For the current public offering, the company plans to use 260 million for the "Electrical Control System Production Base Construction Project" and the "Research and Development Center Construction Project" [7] - The total investment for the electrical control system production base is 165.29 million, and for the research and development center, it is 94.89 million, totaling 260.17 million [8] Group 5: Shareholding Structure - The chairman, Yao Xin, holds a total of 68.54% of the company's shares and controls 70.10% of the voting rights, making him the controlling shareholder and actual controller of the company [8]