Core Viewpoint - Suzhou Weijia Technology Co., Ltd. has submitted an application for the initial public offering (IPO) and listing, which has been accepted by the Jiangsu Securities Regulatory Bureau, with the filing date set for November 12, 2025, and Guotou Securities as the counseling institution [1] Group 1: IPO Application and Counseling - The counseling agreement between Guotou Securities and Weijia Technology was signed on October 31, 2025 [3] - Other participating service institutions include Beijing Deheng Law Firm and Rongcheng Accounting Firm (Special General Partnership) [3] Group 2: Previous IPO Attempt - Weijia Technology previously applied for an IPO on the ChiNext board in September 2021, which was accepted by the Shenzhen Stock Exchange [4] - The application was terminated on September 22, 2022, due to non-compliance with several regulatory requirements [4] Group 3: Key Issues in Previous Review - The review focused on the reasonableness of low-priced share transfers to the actual controller, the clarity of share ownership, pending intellectual property litigation, accounts receivable and overdue amounts, and the effectiveness of financial internal controls [5] - The listing committee raised concerns about the lack of sufficient explanation regarding the low-priced share transfers and the actual controller's fund occupation of the company [5] Group 4: Financial Performance - Weijia Technology's revenue for the years 2019, 2020, 2021, and the first half of 2022 was 229.69 million, 481.24 million, 797.73 million, and 320.01 million respectively [6] - The net profit attributable to the parent company for the same periods was 15.64 million, 55.53 million, 93.28 million, and 31.92 million respectively [6] Group 5: Financial Metrics - Total assets as of December 31 for 2019, 2020, and 2021 were 334.83 million, 682.97 million, and 889.02 million respectively [7] - The company's debt-to-asset ratio was 83.79%, 58.96%, and 57.86% for the same years [7] - The basic earnings per share for 2021 was 2.60 yuan, compared to 1.84 yuan in 2020 [7] Group 6: Investment Projects - Previous IPO fundraising projects included the construction of a high-speed, high-precision PCB drilling and milling equipment production base, high-end specialized equipment R&D and production, and upgrading of the R&D center, with a total planned fundraising of 1.128 billion yuan [8] - The total investment for these projects was approximately 1.127 billion yuan [8] Group 7: Shareholding Structure - Qiu Sijun directly holds 36.72% of the company's shares and controls a total of 51.26% of the voting rights through various management centers [8]