Leidi.com Lei Jianping September 15
Zhejiang Siling Automobile Bearing Co., Ltd. (referred to as "Sling", stock code: 301550) was listed on the GEM of the Shenzhen Stock Exchange today.
Siling issued 27.5 million shares this time at an issue price of 37.56 yuan, raising 1.033 billion yuan.
The opening price of Siling Shares was 55 yuan, an increase of 46% from the issue price; the closing price was 55.08 yuan, an increase of 46.65% from the issue price; based on the closing price, the company's market value was 6.059 billion yuan.
Annual revenue 750 million
Siling Co., Ltd. was founded in 2004, formerly known as Xinchang Shuangling Automobile Bearings. It is an auto parts manufacturing enterprise specializing in the production of auto bearings. Its main business is the research and development, manufacturing and sales of auto bearings.
The products developed by Siling Co., Ltd. involve multiple product series such as first-generation wheel hub bearings, second- and third-generation wheel hub units, single and double row tapered roller bearings, clutch release bearings, tensioners and idler bearings.
The prospectus shows that Siling's revenue in 2020, 2021 and 2022 will be 525 million yuan, 715 million yuan and 750 million yuan respectively; net profits will be 41.6867 million yuan, 90.6923 million yuan and 123 million yuan respectively; net profit after non-deductible They were 40.0066 million yuan, 82.86 million yuan, and 125 million yuan respectively.
At the end of each reporting period, the book values of the company's accounts receivable were 119 million yuan, 182 million yuan and 156 million yuan respectively, accounting for 23.06%, 27.76% and 21.44% of current assets respectively.
Siling's revenue in the first quarter of 2023 was 146 million yuan, a decrease of 24.62% from 193 million yuan in the same period last year; net profit was 23.4185 million yuan, a decrease of 12.7% from 26.82 million yuan in the same period last year; net profit after non-deduction was 21.42 million yuan, a decrease of 11% from 24.11 million yuan in the same period last year.
Jiang Ling and his daughter control 50% of the shares
Before the IPO, Jiang Ling held 43.96% of the company's shares and was the company's controlling shareholder.
Jiang Ling's daughter Jiang Nan holds 6.25% of the company's equity. Jiang Ling and Jiang Nan collectively hold 50.22% of the company's equity. Jiang Ling and Jiang Nan are the actual controllers of the company.
Jiang Ling, bachelor's degree, worked at Zhejiang Xinchang Bearing General Factory from August 1990 to September 2000; from October 2000 to December 2004, worked at Xinchang County Sanhe Bearing Co., Ltd.; from November 2004 to 2014 In November 2015, he served as executive director and general manager of Shuangling Bearing; from January 2010 to December 2015, he served as executive director of Zhejiang Shuangling Weiye Auto Parts Manufacturing Co., Ltd.; from March 2011 to present, he served as executive director and general manager of Siling Trading; Jiang Ling served as executive director and general manager of Xinchang County Tianli Bearing Co., Ltd. from December 2012 to February 2015; from November 2014 to present, he served as chairman and general manager of the company; from August 2019 to March 2022, he served as Executive Director and General Manager of Kaiyuan Bearing; from March 2022 to present, he has been the executive director of Kaiyuan Bearing.
Ms. Jiang Nan: High school education, currently a college student. Jiang Nan is the niece of shareholder Wang Xiangying’s spouse and the cousin of shareholder Zhang Yangyang. Jiang Ling is the brother-in-law of the spouse of shareholder Wang Xiangying and the uncle of shareholder Zhang Yangyang; Zhang Yimin holds 14.45% of the shares and is the cousin of shareholder Zheng Che;
He Yimin holds 9.63% of the shares, Anji Rui also holds 3.86% of the shares, Jiaxing Xuanling holds 3.76% of the shares, Pan Lili holds 3.13% of the shares, Anji Fanxin holds 2.75% of the shares, and Xinchang Zhong Yu holds 2.62%. Hangzhou Chengzhuo and Hangzhou Chengtian hold 1.21% of the shares respectively.
After this issuance, the actual controller's shareholding ratio will drop to 37.66%, but it will still dominate the company's decision-making.
After the IPO, Jiang Ling directly held 32.9736% of the shares, Zhang Yimin held 10.8366% of the shares, He Yimin held 7.2245% of the shares, Jiang Nan held 4.6909% of the shares, Anji Rui also held 2.8927% of the shares, and Jiaxing Xuanling held 2.8182% of the shares. %, Pan Lili holds 2.3455%, Anji Fanxin holds 2.0636%, Xinchang Zhongyu holds 1.968%, Hangzhou Chengzhuo and Hangzhou Chengtian hold 0.9091% respectively;
Chen Gonghuai holds 0.7527% of the shares, Hangzhou Chenglin holds 0.5455%, Zhou Zhuwei holds 0.4164%, Chen Lizhen holds 0.4091%, Li Jinpeng and Liang Hanyang hold 0.3182% respectively, Yang Shunjie holds 0.2727%, and Anna holds 0.2727%. The shares are 0.2273%.
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