According to the Zhittong Finance app, Suda Corporation (001277.SZ) disclosed the prospectus, and the company plans to make an initial public offering of 19 million shares, accounting for 25.00% of the total post-issuance share capital; the total post-issuance share capital will be 76 million shares. The issue price is 32.00 yuan/share, with an online subscription date of August 23, 2024.

The company is a specialized service company focusing on the full life cycle management of mechanical equipment, dedicated to providing high-quality comprehensive after-market services for industrial customers. The business currently mainly revolves around the hydraulic brackets of coal mining equipment, providing comprehensive after-market services such as maintenance and remanufacturing, spare parts supply management, and the rental and sale of used equipment for coal production enterprises, as well as providing fluid connection products for machinery and equipment manufacturers.

For the years 2021, 2022, and 2023, the net income attributable to the owners of the parent company was 10.2 million yuan, 10.5 million yuan, and 16.2 million yuan respectively. In the first half of 2024, the company achieved revenues of 570 million yuan, a decrease of 4.03% year-on-year. The net income attributable to the shareholders of the parent company was 78.9088 million yuan, an increase of 16.57% year-on-year. After deducting non-recurring gains and losses, the net income attributable to the shareholders of the parent company was 81.7333 million yuan, an increase of 21.35% year-on-year.

After the funds raised this time are in place, they will be invested in the following projects according to their respective priorities: 3.55 million yuan for the aviation industrial machinery service limited company in Zhengzhou Aviation Port District's coal machinery remanufacturing and after-market service construction project, 92.2466 million yuan for the Zhengzhou Suda Ordos coal machinery remanufacturing and after-market service construction project, 65.7858 million yuan for the R&D center and office building construction project of Zhengzhou Aviation Port District's industrial machinery service limited company, 15 million yuan for bank loan repayment, totaling 663 million yuan.

As of the date of the prospectus, Zhengzhou Coal Mining Machinery Group Co., Ltd. ("Zhengzhou Coal Mining Machinery") holds 11.3 million shares of the issuer, accounting for 19.82% of the total pre-issuance share capital of the issuer. Zhengzhou Coal Mining Machinery is a listed company on both A shares and H shares. Yangzhong XCMG Industrial Investment Partnership Enterprise (Limited Partnership) ("Yangzhong XCMG") holds 5.7 million shares of the issuer, accounting for 10% of the total pre-issuance share capital of the issuer. Yangzhong XCMG is mainly engaged in entrepreneurial investment, private equity investment, investment management, and investment consulting, with its actual controller being XCMG Construction Machinery Co., Ltd. (000425.SZ).