Core Viewpoint - Renben Co., Ltd. has reinitiated its IPO application on the Shanghai Stock Exchange after a previous unsuccessful attempt, with its application accepted on December 29 [1] Group 1: Business Overview - Renben Co., Ltd. specializes in the research, production, and sales of bearings and related products, possessing a full industry chain capability from materials to finished products [1] - The company offers over 50,000 types of bearing products, which are widely used in automotive, light machinery, heavy machinery, and major equipment sectors [1] Group 2: Revenue Composition - From 2022 to 2025, the revenue from finished bearings consistently accounts for over 86% of total income, with automotive bearings contributing 39.16%, 45%, 45.97%, and 45.07% respectively [1] - Revenue from light machinery bearings represents 28.94%, 25.62%, 24.41%, and 24.59% over the same period [1] Group 3: Major Clients - Key clients in the automotive sector include Geely Group, BYD, Changan Automobile, Great Wall Motors, and Bertley, with Geely being the largest customer [1] Group 4: Financial Performance - The company's revenue for 2022 to 2025 is projected at 9.388 billion, 10.482 billion, 11.96 billion, and 6.471 billion respectively, while net profit is expected to be 585 million, 625 million, 700 million, and 313 million [2] - In 2022, revenue grew by 2.93% year-on-year, but net profit decreased by 20.91% [2] - The gross profit margin slightly declined from 28.64% in 2022 to 26.54% in the first half of 2025 [2] Group 5: Debt and Liquidity - The company has a high asset-liability ratio of 66.63% as of mid-2025, with bank loans constituting 62.39% of total liabilities [2] - The liquidity ratios are below industry averages, with a current ratio of 1.08 compared to the industry average of 2.07, and a quick ratio of 0.76 against an average of 1.63 [2] Group 6: IPO Fundraising and Projects - The company aims to raise 3.8 billion through the IPO, an increase of approximately 40% from the previous target of 2.702 billion [4] - The funds will be allocated to various projects, including the production of 9 million sets of robot and intelligent equipment bearings, 7.5 million sets of new energy vehicle bearings, and other key projects [4]

| 公司全称 | 人本股份有限公司 | 受理日期 | 2025-12-29 | | --- | --- | --- | --- | | 公司简称 | 人本股份 | 融资金额(亿元) | 38.00 | | 审核状态 | 己受理 | 更新日期 | 2025-12-29 | | 保荐机构 | 中信证券股份有限公司 | 保荐代表人 | 胡娴,高若阳 | | 会计师事务所 | 天健会计师事务所 (特殊普通合伙) | 签字会计师 | 邓德祥,朱丽丽,刘帅 | | 律师事务所 | 北京德恒律师事务所 | 签字律师 | 王雨微,王浚哲,闫彦鹏 | | 评估机构 | 天源资产评估有限公司 | 签字评估师 | 陈菲莲,孔燕菁 | 招股书介绍，公司主要从事轴承及相关产品的研发、生产和销售业务，是我国规模最大、品类最全的综合性轴承制造集团。公司轴承产品的型号规格超五万 种，广泛应用于汽车工业、轻工机械、重型机械及重大装备等众多国民经济重要领域。 汽车轴承贡献45%营收 应收账款超32亿元 深圳商报·读创客户端记者 梁佳彤 12月29日，据上交所官网，人本股份有限公司（下称"人本股份"）主板IPO获得受理。今年上半年，该公司应收账款 ...