Lei Jianping on April 8
Zhejiang Mingtai Holding Development Co., Ltd. (hereinafter referred to as "Mingtai shares") IPO was terminated a few days ago, Mingtai shares were ready to be listed on the main board of the Shanghai Stock Exchange, Mingtai shares originally planned to raise 920 million yuan.
Among them, 645 million yuan will be used for the R&D and production project of Ritai Automobile Standard Parts (Phase I), 220 million yuan will be used for the production project of 33,000 tons of automotive special-shaped high-strength fasteners (Phase I), and 55 million yuan will be used for the construction project of the new material fastener R&D center of Ritai (Shanghai) Automotive Standard Parts Co., Ltd.
The annual revenue is 2.029 billion
The predecessor of Mingtai Co., Ltd. was Ruian County Meitouyumen General Electric Appliance Factory, which was registered and established in 1984 by six natural persons, including Chen Jinming, Chen Meijin, Chen Jinguang, Chen Yuanke, Tu Kaiyu and Wu Jinwang, in the Yumen Production Brigade of Meitou People's Commune, Ruian County, Wenzhou City, Zhejiang Province.
Alpha Co., Ltd. focuses on the research and development, production and sales of fastener products, which are mainly used in the automotive field, with high-strength, high-precision, corrosion-resistant and other fasteners as the leading products, which are used in passenger car powertrain systems, chassis systems, body interior and exterior decorations, safety systems, gearboxes, new energy vehicle battery packs and other core components, and provide customers with cooperative development, testing, supporting after-sales and other related services.
Alpha currently has two production bases in Wenzhou and Shanghai, with a production area of more than 240,000 square meters.
As a first-tier supplier, Alpha's vehicle enterprise customers include SAIC-GM, SAIC-Volkswagen, FAW-Volkswagen, Volvo Asia Pacific, GAC Honda, GAC Mitsubishi, Dongfeng Honda, Dongfeng Nissan, Changan Ford and other joint venture brands, SAIC, GAC Group, FAW Group, BAIC Group and other car enterprise groups under their own brands, and Geely Automobile, BYD, Chery Automobile, JAC Automobile and other automobile manufacturers.
Alpha also supplies accessories as a Tier 2 supplier to Tier 1 suppliers such as Cummins, Schaeffler, ZF, SKF, Nexteer, APAC, Vibrator, Continental, Yanfeng Bailid, Faurecia, Toyota Denso, and CATL.
According to the prospectus, the revenue of Mingtai in 2019, 2020 and 2022 will be 1.644 billion yuan, 1.748 billion yuan and 2.029 billion yuan respectively, the net profit will be 331 million yuan, 460 million yuan and 459 million yuan respectively, and the net profit after deducting non-profits will be 364 million yuan, 438 million yuan and 443 million yuan respectively.
In the first half of 2022, Mingtai Co., Ltd.'s revenue was 1.04 billion yuan, with a net profit of 210 million yuan, and a net profit of 205 million yuan after deducting non-profits.
Chen Jinming's family is extremely colorful
Before the issuance, Chen Jinming, Chen Meijin, Chen Jinguang, Chen Yuanke, Tu Kaiyu and Wu Jinwang directly held 24.96% of the company's shares, and indirectly controlled 35.6% of the company's shares through Jinduan Industry, and the total proportion of the company's shares directly and indirectly held was 60.56%, which was the actual controller of the company. Chen Jinming is the chairman of the company, and Chen Jinguang is the director and general manager of the company.
Chen Yuanke is the spouse of the sister of Chen Jinming, Chen Meijin, and Chen Jinguang's mother, Tu Kaiyu is the spouse of Chen Jinming, Chen Meijin, and Chen Jinguang's sister, and Wu Jinwang is the younger brother of Chen Jinming's spouse.
Before the IPO, Jinforging Industry held 35.6% of the shares, Chen Jinming, Chen Meijin, Chen Jinguang, Chen Yuanke, Tu Kaiyu and Wu Jinwang held 4.16% of the shares, Chen Renping held 4.56% of the shares, Chen Renhe and Chen Weijie held 2.34% of the shares respectively, Chen Senyong, Chen Shengwu, Tu Renan and Wu Yiyang held 4.55% of the shares respectively, and Wu Jinyao and Zhang Zhixian held 0.94% of the shares respectively.
Wenzhou Yixin holds 0.75%, Wenzhou Yihui holds 0.9%, Wenzhou Yiju holds 0.48%, Pingyang Puming holds 2.08%, Wenzhou Ourui holds 1.1%, Ningbo Tongtaixin holds 1.07%, Ningbo Tongyuan Youbo holds 0.58%, Anhui Senyang Xinrui and Hefei Fengderui hold 0.82% respectively.
Chen Renping is the deputy general manager of the company, the son of Chen Jinming, the actual controller, Chen Renhe is the chairman of the board of supervisors, Chen Weijie is an employee of the subsidiary, Chen Renping and Chen Renhe are the sons of the actual controller, Chen Meijin, Chen Senyong is the deputy general manager of the company, the son of the actual controller Chen Jinguang, Chen Shengwu is an employee of the subsidiary, and the son of the actual controller Chen Yuanke;
Tu Ren'an is an employee of the company, the son of Tu Kaiyu, the actual controller, and the younger brother of the spouse of director Zhang Zhixian; Wu Yiyang is an employee of the subsidiary, the son of the actual controller Wu Jinwang and the nephew of director Wu Jinyao; Wu Jinyao is the director, deputy general manager, and the son-in-law of the actual controller Tu Kaiyu; Chen Meilian is an employee of the company and the sister of the actual controllers Chen Jinming, Chen Meijin and Chen Jinguang;
Wu Yifan and Wu Yikang are both employees of the Company and are nephews of Wu Jinwang, the actual controller, and Wu Jinyao, the director, and Lin Xiaofeng, an employee of the subsidiary, and the nephew of Wu Jinwang, the actual controller, and Wu Jinyao, the director.
Tu Guanglin, Qian Dingzhong, Zheng Shoutian, Xiang Zongxu, Xiang Zongwu and Zheng Shouguo are all employees of the company, among them, Tu Guanglin is the cousin of the actual controller Chen Jinming, Qian Dingzhong is the younger brother of the spouse of the actual controller Chen Jinguang, Zheng Shoutian is the cousin of the actual controller Chen Jinming, Xiang Zongxu and Xiang Zongwu are the younger brothers of the spouse of the actual controller Wu Jinwang, and Zheng Shouguo is the cousin of the actual controller Chen Jinming.
Indirect shareholders Wu Wenya and Xiao Jingjie are the children of the brothers and sisters of the actual controllers Chen Jinming, Chen Meijin and Chen Jinguang, Qian Yong is the children of the brothers and sisters of the spouse of the actual controller Chen Jinguang, Huang Weijun is the brother and sister of the spouse of the children of the actual controller Chen Meijin, employees Tu Xiaoping and Tu Liping are the children of the actual controller Tu Kaiyu, and Tu Haibin is the nephew of the actual controller Chen Yuanke.
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