Lei Jianping on April 15
Zhejiang Hongxin Technology Co., Ltd. (hereinafter referred to as "Hongxin Technology", stock code: 301539) was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange today.
Hongxin Technology issued 37 million shares at an issue price of 10.64 yuan, raising 394 million yuan. Hongxin Technology originally planned to raise 748 million yuan, which means that it raised 354 million yuan less this time.
The opening price of Hongxin Technology was 40 yuan, an increase of 276% from the issue price, and as of now, the company's stock price has declined, and the company's market value is about 5.8 billion yuan.
The annual revenue is 965 million
Founded in 2006, Hongxin Technology Co., Ltd. is mainly engaged in the R&D, design, manufacture and sales of forged aluminum alloy wheels for automobiles, and its main products are forged aluminum alloy wheels for automobiles, including wheels for commercial vehicles and wheels for passenger cars.
In the automobile supporting market, the company's products have been directly matched with domestic vehicle manufacturers or first-tier suppliers such as Haomet, Dongfeng Liuzhou, Shaanxi Heavy Duty Truck, BYD, CRRC Times, etc., at the same time, the company has developed overseas markets, and has been through J.T. Morton, Superior respectively supporting the United States new energy vehicle manufacturers Rivian, Lucid, and into the supply chain of Paccar (the United States).
According to the prospectus, Hongxin Technology's revenue in 2020, 2021, and 2022 will be 617 million yuan, 947 million yuan, and 956 million yuan respectively, and the net profit will be 52.124 million yuan, 68.11 million yuan, and 72.46 million yuan respectively, and the net profit after deducting non-profits will be 47.6287 million yuan, 54.39 million yuan, and 62.9959 million yuan respectively.
Hongxin Technology's revenue in the first half of 2023 will be 468 million yuan, with a net profit of 32.32 million yuan, and a net profit of 33.31 million yuan after deducting non-profits.
Hongxin Technology's revenue in 2023 will be 965 million yuan, an increase of 0.87% from 956 million yuan in the same period of last year, net profit will be 74.51 million yuan, an increase of 2.83% from 72.46 million yuan in the same period of last year, and net profit after deducting non-profit will be 73.567 million yuan, an increase of 16.78% from 62.9959 million yuan in the same period of last year.
Hongxin Technology expects revenue in the first quarter of 2024 to be 209 million to 229 million yuan, an increase of 7.09% to 17.34% from 195 million yuan in the same period last year, an increase of 12.95 million yuan to 14.95 million yuan, an increase of 3.11% to 19.04% from 12.56 million yuan in the same period last year, and a net profit of 12.95 million yuan to 14.95 million yuan after deducting non-profits, an increase of 6.59% to 23.06% from 12.15 million yuan in the same period last year.
Wang Wenzhi's family has a strong color
Before the IPO, Wang Wenzhi directly held 51,411,700 shares of the company, and indirectly held 4,235,300 shares of the company through Taizhou Jiesheng, holding a total of 55,647,000 shares of the company, accounting for 50.13% of the company's total share capital before the issuance, and was the controlling shareholder and actual controller of the company.
Before the IPO, Wang Wenzhi directly held 46.32% of the shares, Bai Qiang held 13.99% of the shares, Taizhou Jiesheng held 12.72% of the shares, Taizhou Qixin held 11.29% of the shares, Hong Chongen held 6.78% of the shares, Ruan Chenwei held 3.33% of the shares, Wang Yi'an held 2.12% of the shares, Xiao insisted on holding 1.75% of the shares, and Xiao Chunfang held 1.7% of the shares.
Hong Chongen and Wang Wenzhi are uncles and nephews; Wang Wenzhi and Wang Yi'an are fathers and daughters; Wang Wenzhi and Wang Wujie, the executive partner of Taizhou Qixin (in Taizhou Qixin, with a capital contribution of 11.03%), are cousins; Tao Qinyue, a shareholder of Taizhou Qixin (with a capital contribution of 18.75% in Taizhou Qixin), is the son of Wang Wenzhi's spouse and sister (hereinafter referred to as "nephew"), and Zhang Yu, a shareholder of Taizhou Qixin (with a capital contribution of 2.63% in Taizhou Qixin), is the grandson of Wang Wenzhi's aunt.
Xiao Miao, a shareholder of Taizhou Qixin (7.02% of the capital invested in Taizhou Qixin), is the niece of Xiao Jian and Xiao Chunfang, and Xiao Jian and Xiao Chunfang are brothers. Shareholders Xiao Jian and Xiao Chunfang are the uncles of Ruan Chenwei's father.
Zhu Xiaodong, a shareholder of Taizhou Jiesheng (6.67% of the capital contribution in Taizhou Jiesheng), and Zhu Chao, a shareholder of Taizhou Qixin (1.20% of the capital contribution of Taizhou Qixin), are father and son.
Among the internal shareholders of Taizhou Qixin, Lin Tao (2.63% of the capital contribution in Taizhou Qixin) and Yao Fenfei (3.59% of the capital in Taizhou Qixin) are husband and wife.
In the past year, the company's new shareholder is Ruan Chenwei. Ms. Ruan Chenwei directly holds 3.7 million shares of the company. Born in November 1993, Ruan Chenwei obtained the company's equity through Xiao Jian's equity holding restoration, and there is no equity holding situation. Ruan Chenwei has a kinship with Xiao Jian, Xiao Chunfang, and Xiao Miao.
In May 2007, Ruan Chenwei's father, Ruan Yongjun, signed the Agreement with Xiao Jian, forming an equity holding relationship. On April 29, 2021, the People's Court of Huangyan District, Taizhou City, issued a civil mediation document ((2021) Zhe 1003 Min Chu No. 1982), confirming that the 3.70 million shares of Hongxin Technology owned by Xiao insisted were owned by Ruan Chenwei. On May 14, 2021, the company completed the industrial and commercial change registration in accordance with the above-mentioned civil mediation letter and the notice of assistance in enforcement.
After the IPO, Wang Wenzhi directly held 34.74% of the shares, Bai Qiang held 10.49% of the shares, Taizhou Jiesheng held 9.54% of the shares, Taizhou Qixin held 8.47% of the shares, Hong Chongen held 5.09% of the shares, Ruan Chenwei held 2.5% of the shares, Wang Yi'an held 1.59% of the shares, Xiao insisted on holding 1.32% of the shares, and Xiao Chunfang held 1.27% of the shares.
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