Lei Di Network Lei Jianping May 4th
Wuxi Xinan Technology Co., Ltd. (abbreviation: "Xinan Technology") has recently passed registration and is preparing to be listed on the Growth Enterprise Market of the Shenzhen Stock Exchange.
Xinan Technology plans to raise 500 million yuan, of which 117 million yuan will be used for the upgrading and expansion of the production line of turbocharger core components of the first plant, and 71.299 million yuan will be used for the upgrading of the production line of turbocharger core components of the second plant For technical improvement projects, 190 million yuan will be used for key components manufacturing and construction projects such as new energy vehicle drive motor housings, and 120 million yuan will be used to supplement working capital.
Annual revenue of 875 million
Xinan Technology is committed to the R&D, production and sales of aluminum alloy parts in the field of automotive lightweight. The main products of Xinan Technology are precision compressor casing components for turbochargers, and have developed precision parts such as motor casings and gearbox casings for new energy vehicles, which are mainly used in the field of automotive power systems.
Sinan Technology has established a long-term good strategic cooperative relationship with downstream customers including Garrett, Cummins, Ishikawa Island, Boma Technology, BorgWarner and other turbocharger primary component manufacturers. The engines of the company's products are widely used in automobile brands such as Daimler, Audi, BMW, GM, Volkswagen, Ford, Toyota, Honda, and Nissan.
According to the prospectus, Xinan Technology's revenue in 2020, 2021, and 2022 will be 680 million yuan, 759 million yuan, and 875 million yuan respectively; net profits will be 117 million yuan, 80.066 million yuan, and 91.625 million yuan; 113 million yuan, 60.3069 million yuan, and 91.71 million yuan.
Li Zhongliang and his son control 80% of the shares
The controlling shareholders of Xinan Technology are Li Zhongliang and Li Mingjie, and Li Zhongliang and Li Mingjie are father and son.
Li Zhongliang and Li Mingjie directly hold 68.2% and 11.81% of the shares respectively, and directly hold 80% of the shares in total.
Li Zhongliang, born in 1968, graduated from Chengdu University of Science and Technology with a bachelor's degree in casting in July 1991. From September 1991 to December 2000, he served as the technical director of the foundry branch and the general manager of the branch in Wuxi Power Engineering Co., Ltd.;
Li Zhongliang served as the general manager of Zhongliang Foundry from January 2001 to January 2005; from February 2005 to September 2020 he served as the executive director and general manager of Xinan Co., Ltd. Since September 2020, he has served as the chairman and general manager of Xinan Technology.
Li Mingjie, born in 1995, graduated from the University of Arizona in December 2017 with a bachelor's degree. From July 2018 to October 2019, he worked as a staff member in the development department of Wuxi Mobis Auto Parts Co., Ltd.; from October 2019 to September 2020, he worked as an assistant to the general manager of Xinan Co., Ltd. Since September 2020, he has served as the director and assistant to the general manager of Sinan Technology.
In addition, Jintou Xin'an holds 3.75%, Jinkong Yuanyue holds 3%, Xu Qing holds 2.95%, Guangzhou Hanyi holds 2.81%, Xinan Rongzhi holds 2.66%, and Li Ying The shareholding is 1.98%, Shanshui Technology holds 1.87%, and Li Quansheng holds 0.97%.
After the IPO, Li Zhongliang directly held 51.15% of the shares, Li Mingjie directly held 8.86% of the shares, Jintou Xinan held 2.81% of the shares, and Jinkong Yuanyue held 2.25% of the shares;
Xu Qing holds 2.21%, Guangzhou Hanyi holds 2.11%, Xinan Rongzhi holds 1.99%, Li Ying holds 1.48%, Shanshui Technology holds 1.41%, and Li Quansheng holds 0.73%.
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