Gangtian Intelligent has been "requested for further information" for their upcoming Shenzhen Stock Exchange main board IPO, making them the largest knife production company in China.

On July 13, Gangda Intelligent (Jiangsu) Co., Ltd. (referred to as Gangda Intelligent) applied for a change in the status of the Shenzhen Stock Exchange's main board listing review to "inquiry received". Huatai United Securities is its sponsor, and it plans to raise 985.28 million yuan. According to the prospectus, Gangda Intelligent's main business is the research, development, production, and sales of core functional components of CNC machine tools. Its main products include tool magazines, spindles, and rotary tables, which are mainly used in metal cutting CNC machine tools. After years of operation, the company has become the largest tool magazine manufacturer in China, with a wide range of recognition and a good brand image in the industry. With outstanding product research and development capabilities, reliable product quality, and high-quality service, Gangda Intelligent has gained widespread recognition from industry customers. Its main customers include Neway CNC Equipment (Suzhou) Co., Ltd., Ningbo Haitian Precision Machinery, Jirfine Intelligent Equipment, Nantong Guosheng Intelligence Technology Group Co., Ltd., Deyang Intelligent Equipment (Suzhou) Co., Ltd., Hyundai Wia Co., Ltd., and other well-known domestic and foreign CNC machine tool manufacturers. During the reporting period, leveraging its good customer resources and reputation in the tool magazine products, the company's spindle and rotary table product sales revenue steadily increased. According to calculations, the market size of CNC machine tool functional components in China is estimated to be between 21.082 billion yuan and 33.221 billion yuan in 2024, and the company's market share in the domestic CNC machine tool functional components industry in 2024 is estimated to be between 2.78% - 4.38%. At the same time, based on publicly available data from major companies in the industry, the company ranks second in the domestic CNC machine tool functional components industry market size, only after Guangzhou Haozhi Industrial, making it a leading enterprise in the industry. After deducting the issuance expenses, the funds raised from this offering are planned to be invested in the following projects based on urgency: Financially, in 2022, 2023, and 2024, Gangda Intelligent's operating income is expected to be around 767 million yuan, 773 million yuan, and 932 million yuan respectively; during the same period, the company's net profit is expected to be around 119 million yuan, 132 million yuan, and 169 million yuan respectively.