A-share subscription | Longxin Intelligent (920117.BJ) opens subscription mainly engaged in the research, development, production, and sales of micro-nano high-end composite material preparation equipment and automated production lines.

On July 6th, Longxin Intelligent (920117.BJ) opened for subscription, with an issue price of 17.83 yuan per share and a maximum subscription limit of 1.01 million shares, a P/E ratio of 14.99 times, listed on the Beijng Stock Exchange, with China Securities Co., Ltd. as its sponsoring institution. According to the prospectus, the company is a national high-tech enterprise in the field of intelligent manufacturing, focusing on providing intelligent chemical factory solutions and high-end intelligent equipment for industries such as new energy, fine chemicals, food and pharmaceuticals, and resource recycling, promoting the integration of traditional industries with automation and IoT technologies. The company is mainly engaged in the research and development, production, sales, and service of equipment and automated production lines for the preparation of micro-nano high-end composite materials. Since its establishment, the company has focused on the research, development, production, sales, and service of equipment and automated production lines for the preparation of ultrafine powders, especially micro-nano high-end composite materials. The main business and products have gradually iterated and extended around downstream customer needs and industry development trends. After more than 20 years of development, the company has gradually formed three core businesses: grinding equipment, drying equipment, and material automation production lines. Over the years, the company has accumulated a group of high-quality and well-known customers. In the lithium iron phosphate material field, the company has established business cooperation relationships with manufacturers such as Hunan Yuneng New Energy Battery Material, Rongtong High-tech, BTR, Hubei Wanrun New Energy Technology, CALB, Gotion High-tech, Contemporary Amperex Technology, Changyuan Lithium, Ningbo Ronbay New Energy Technology, Beijing Easpring Material Technology, Huayou Group, Zhongwei Shares, and Wanhua Chemical Group; In the field of photovoltaic materials, the company has established business cooperation relationships with manufacturers such as Changzhou Fusion New Material, Wuxi Dk Electronic Materials Co., Ltd., Suzhou Jinyin, and Ruxing Technology; In the field of coatings and inks, the company has established business cooperation relationships with well-known ink and coating manufacturers such as Oak Nitrate Ink, East Ocean Ink, Hanghua Ink, Didaisheng Ink, Kede Ink, Bandai Ink, Huada Ink, Donglai Coating Technology (Shanghai) Co., Ltd., MEGA P&C Advanced Materials, Jin Bridge Deke, and others, establishing a good brand image and high market reputation in the industry. The company is a high-tech enterprise that can provide material processing solutions for various scenarios and applications, ranging from low viscosity to high viscosity, from micron-level to nanometer level, and from wet methods to dry methods. The company is the national special ultrafine powder engineering technology research center - micro-nano material preparation equipment engineering and industrialization test base, Jiangsu provincial enterprise technology center, and Jiangsu provincial micro-nano material preparation equipment engineering technology research center. Its subsidiary, Longxin Drying, is a national high-tech enterprise specializing in new energy intelligent drying equipment technology research center, and a recognized enterprise technology center in Wuxi. The company's "High Viscosity Intelligent Bead Mill WSP60B" was awarded the first significant equipment and key component recognition in Changzhou in 2016; the "WSP-150L high-efficiency recycling ultrafine bead mill" was awarded the first significant equipment and key component recognition in Jiangsu Province in 2017; and the "Intelligent Micro-nano Automated Sand Milling Equipment LXEPC" was awarded the first significant equipment recognition in Suzhou, Wuxi, and Changzhou in 2022. The company has also participated in the drafting of group standards and national standards, such as "bead mills," "sand mills," "precision roller grinding machines," "high-speed dispersers," interoperability capabilities of software units between automation systems and integrated manufacturing software, application program service interfaces in industrial automation systems and integrated testing applications, and evaluation criteria for smart manufacturing system solution providers. In terms of finances, in 2023, 2024, and 2025, the company achieved operating income of approximately 582 million yuan, 604 million yuan, and 634 million yuan, respectively, with net profits of approximately 143 million yuan, 120 million yuan, and 118 million yuan, respectively.