Leidi.com Lei Jianping July 22
Shandong Jindi Precision Machinery Technology Co., Ltd. (abbreviation: "Jindi shares") has recently passed registration and is preparing to be listed on the main board of the Shanghai Stock Exchange.
Jindi plans to raise 859 million yuan, of which 278 million yuan is used for the upgrading and transformation project of high-end equipment precision bearing cage intelligent manufacturing, 40.884 million yuan is used for the marketing network construction project, 35 million yuan is used for the high-precision bearing cage technology research and development center project, 375 million yuan is used for the intelligent production and construction project of high-precision key parts of automobiles, 30 million yuan is used for the automotive precision stamping parts technology research center project, and 100 million yuan is used for supplementary working capital projects.
Annual revenue of 1.1 billion
The main business of Jindi Co., Ltd. is the research and development, production and sales of precision mechanical parts. Based on precision stamping technology, it has comprehensively developed and applied various technologies such as laser cutting, CNC precision machining, injection molding and precision casting, forming two major categories of main products: bearing cages and automotive precision parts.
Bearing cage products are one of the important components of bearings. The terminal application fields involve the automobile industry, wind power equipment, construction machinery, machine tool industry and other industries; automotive precision parts products are mainly used in key core automotive systems such as electric drive systems and transmission systems, including new energy vehicle electric drive system components, traditional automotive gearboxes, engine system components, etc.
According to the prospectus, Jindi’s revenue in 2020, 2021, and 2022 will be 632 million yuan, 914 million yuan, and 1.1 billion yuan respectively; the net profit will be 110 million yuan, 115 million yuan, and 126 million yuan;
During the reporting period, the ratios of the total tax incentives to the total profits were 7.47%, 5.57% and 12.97% respectively.
In the first quarter of 2023, Jindi’s revenue was 240 million yuan, a decrease of 2.61% from 246 million yuan in the same period of the previous year; the net profit was 35.187 million yuan, a decrease of 6.77% from 32.9557 million yuan in the same period of the previous year; the net profit after deducting non-profits was 29.738 million yuan, a decrease of 9.3% from 32.7866 million yuan in the same period of the previous year.
Zheng Guanghui and Zhao Xiuhua control 77.7% of the shares
The actual controllers of Jindi shares are Zheng Guanghui and Zhao Xiuhua. Zheng Guanghui directly holds 12.17% of the company's shares, indirectly holds 48.68% of the company's shares through Jindi Consulting, and Ms. Zhao Xiuhua indirectly holds 1.64% of the company's shares through Xinhuiyuan, indirectly holds 3.36% of the company's shares through Xinzhiyuan, and indirectly holds 11.85% of the company's shares through Jinyuan Fund. The couple who are the actual controllers together hold 77.7% of the company's shares.
Before the IPO, Jinyuan Fund held 20.08% of the shares, Xinzhiyuan held 7.72%, Xinqianglian held 4.5%, Aoyuan Investment and Lanxi Venture Capital held 2.25% respectively, Xinhuiyuan held 1.64%, and Xinchuangyuan held 0.69%.
After the IPO, Jindi Consulting held 36.51%, Jinyuan Fund held 15.06%, Zheng Guanghui held 9.13%, Xinzhiyuan held 5.79%, Xinqianglian held 3.38%, Aoyuan Investment and Lanxi Venture Capital held 1.69% respectively, Xinhuiyuan held 1.23% and Xinchuangyuan held 0.52%.
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