Zhishun Finance APP News, Speed ​​(001277.SZ) disclosed the prospectus for the IPO, and the company plans to issue 19 million shares for the first time, accounting for 25.00% of the total share capital after the issuance; the total share capital after the issuance is 76 million shares. The issue price is RMB 32.00 per share, and the online subscription date is August 23, 2024.

It is reported that the company is a professional service company specializing in the full life cycle management of machinery and equipment, dedicated to providing industrial customers with high-quality comprehensive after-market services for machinery and equipment. The business is currently mainly focused on coal mining equipment hydraulic brackets, providing comprehensive after-sales services such as maintenance and remanufacturing, spare parts supply management, and second-hand equipment leasing and sales for coal production enterprises, as well as fluid connection products for machinery and equipment manufacturers.

In 2021, 2022, and 2023, the company's net income attributable to the owners of the parent company was RMB 0.102 billion, RMB 0.105 billion, and RMB 0.162 billion, respectively. From January to June 2024, the company achieved operating income of RMB 0.57 billion, a year-on-year decrease of 4.03%. The net income attributable to the shareholders of the parent company was RMB 78.9088 million, a year-on-year increase of 16.57%. After deducting non-recurring gains and losses, the net income attributable to the shareholders of the parent company was RMB 81.7333 million, a year-on-year increase of 21.35%.

After the funds raised in this offering are in place, they will be invested in the following projects: RMB 0.355 billion for the aviation industrial machinery service project of Zhengzhou Aviation Port District Sunda Industrial Machinery Service Co., Ltd., RMB 92.2466 million for the machinery remanufacturing and after-market service project of Zhengzhou Speed ​​Erdos Coal Mining Machinery, RMB 65.7858 million for the research and development center and office building construction project of Zhengzhou Aviation Port District Sunda Industrial Machinery Service Co., Ltd., RMB 0.15 billion for repayment of bank loans, totaling RMB 0.663 billion.

As of the signing date of the prospectus, Zhengzhou Coal Mining Machinery Group Co., Ltd. ("Zhengzhou Coal Machine") held 11.3 million shares of the issuer, accounting for 19.82% of the total share capital of the issuer before the issuance. Zhengzhou Coal Machine is listed on the A-share and H-share markets. Yangzhong XCMG Industrial Investment Partnership (Limited Partnership) ("Yangzhong XCMG") holds 5.7 million shares of the issuer, accounting for 10% of the total share capital of the issuer before the issuance. Yangzhong XCMG is mainly engaged in venture capital investment, equity investment, investment management, and investment consulting, and its ultimate controller is XCMG Construction Machinery (000425.SZ).