Huahong Shares IPO was terminated: annual revenue of 1.02 billion, it is Gong Pinzhong’s family business

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Leidi.com Lei Jianping December 16

The IPO of Huahong Painted Home Furnishing Co., Ltd. (referred to as "Huahong Co., Ltd.") was terminated a few days ago.

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Huahong Co., Ltd. originally planned to raise 862 million yuan, of which 620 million yuan would be used for production expansion projects, 87.7 million yuan for R&D center construction projects, and 156 million yuan for marketing and service network construction projects.

Annual revenue 1.022 billion

Huahong Co., Ltd. is a home accessories supplier dedicated to the art of global life. It is mainly engaged in the research and development, design, production and sales of various home accessories such as decorative paintings, mirrors, and photo frames.

The main products of Huahong Co., Ltd. include decorative paintings, mirrors and photo frame home accessories, which are mainly used for the decoration of various indoor places such as home walls, hotels and office public places, and play a role in beautifying the indoor environment and creating an environmental atmosphere to meet the needs of The indoor environment decoration needs of domestic and foreign consumers.

The company's products are mainly exported, with the main markets being the United States and Europe, and its products covering more than 60 countries and regions around the world.

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The prospectus shows that Huahong's revenue in 2019, 2020 and 2021 were 777 million yuan, 764 million yuan and 1.022 billion yuan respectively; net profits were 152 million yuan, 193 million yuan and 190 million yuan respectively; net profit after non-deductible They are 155 million yuan, 143 million yuan and 177 million yuan respectively.

For the Gong Pinzhong family business

During the reporting period, the controlling shareholder of Huahong Holdings has always been Huahong Holdings. As of the signing date of this prospectus, Huahong Holdings holds 71% of the shares of Huahong Shares. At the same time, Huahong Shares serves as the executive partner of Yifu Investment. Huahong Holdings controls 9.4% of Huahong Shares through Yifu Investment. shares, Huahong Holdings directly and indirectly controls 80.4% of the shares of Huahong Shares, and is the controlling shareholder of Huahong Shares.

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During the reporting period, the actual controllers of the company were Gong Pinzhong and Gong Xinming, and Wang Aixiang and Wang Hexian were persons acting in concert, which remained unchanged. Among them, Gong Pinzhong and Gong Xinming are brothers and acting in concert; Wang Aixiang and Gong Pinzhong are husband and wife, Wang Hexian and Gong Xinming are husband and wife, and Wang Aixiang and Wang Hexian are persons acting in concert with Gong Pinzhong and Gong Xinming.

As of the signing date of this prospectus, Gong Pinzhong indirectly holds 36.7829% of the shares of Huahong Shares through Huahong Holdings, and indirectly holds 4.8643% of the shares of Huahong Shares through Yifu Investment. In total, he indirectly holds 41.6472% of the shares of Huahong Shares. ; Gong Xinming indirectly holds 34.2265% of Huahong shares through Huahong Holdings, and indirectly holds 4.5263% of Huahong shares through Yifu Investment, totaling 38.7528% of Huahong shares indirectly.

Gong Pinzhong and Gong Xinming control 80.40% of Huahong shares through Huahong Holdings.

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Wang Aixiang directly holds 4.7% of Huahong shares; Wang Hexian directly holds 4.7% of Huahong shares. Gong Pinzhong and Gong Xinming actually control 9.4% of Huahong shares through persons acting in concert Wang Aixiang and Wang Hexian. Gong Pinzhong, Gong Xinming, Wang Aixiang, and Wang Hexian collectively control 89.8% of Huahong shares through Huahong Holdings, Yifu Investment, Wang Aixiang, and Wang Hexian.

In addition, Taizhou Purun and Taurus hold 5% of the shares respectively, and Yin Feng holds 0.2% of the shares.

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Leidi was founded by media person Lei Jianping. If you reprint, please indicate the source.

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Origin blog.csdn.net/leijianping_ce/article/details/135040566