Fuliyuan Plans to Issue A Shares to Raise No More Than 1.022 Billion Yuan for Project Construction

NightAirdropper · 2026-03-19T03:32:33+00:00

Fuliyuwang plans to issue no more than 1,021,507,700 yuan of A-shares to expand its business scale and improve R&D strength. The funds will be used for key metal component projects and for working capital. In recent years, the company's operating revenue has gradually increased, but net profit has fluctuated significantly, facing certain risks.

NightAirdropper

2026-03-19 03:32:33

Abstract generation in progress

Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On March 17, Fulianwang (Stock Code: 688678) announced that the company plans to issue A-shares to specific investors, raising a total of no more than RMB 1,021,507,700. This issuance aims to expand the company’s main business scale, enhance technological R&D capabilities, and strengthen core competitiveness.

The funds will mainly be used for the industrialization of key metal components for high-end manufacturing, R&D of key metal components for embodied intelligent robots, and to supplement working capital. The issuance is subject to approval by the company’s shareholders’ meeting, review and approval by the Shanghai Stock Exchange, and registration approval by the China Securities Regulatory Commission before implementation.

According to Tianyancha, Fulianwang was established on May 18, 2006, with a registered capital of RMB 259.269 million. The legal representative is Xu Huijun, and the registered address is No. 168 Yuxi West Road, Qiandeng Town, Kunshan City, Jiangsu Province. Its main business involves the R&D, manufacturing, and sales of precision metal components, primarily serving downstream industries such as 3C, automotive, and power tools.

Currently, the company’s chairman is Xu Huijun, the secretary of the board is You Dongcha, with 3,250 employees. The actual controllers are Hong Shuijin, Xu Huijun, and Xu Yazhu.

The company has stakes in four subsidiaries, including Fulianwang (Hong Kong) Limited, Kunshan Fuxin Garden Technology Co., Ltd., Fulianwang Precision Electromechanical (Nantong) Co., Ltd., and Qiangxin Technology (Nantong) Co., Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was RMB 927 million, RMB 992 million, and RMB 1.285 billion, respectively, with year-over-year growth of 27.58%, 6.99%, and 29.60%. Net profit attributable to shareholders was RMB 162 million, RMB 88.493 million, and RMB 54.526 million, with YoY growth of 32.59%, -45.36%, and -38.38%. During the same period, the company’s asset-liability ratio was 36.03%, 51.47%, and 54.99%.

Regarding risks, Tianyancha data shows the company has 15 internal Tianyan risks, 8 surrounding risks, 57 historical risks, and 19 warning alerts.

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