According to Zhitong Finance App News, Aotuo Technology (688845.SH) disclosed a prospectus. The company plans to publicly issue 377.583.34 million shares, accounting for about 25% of the total share capital after issuance. The initial inquiry date for this offering is November 18, 2026, and the subscription date is November 23, 2026. The company will apply for listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange as soon as possible after the issuance is completed.
The initial number of strategic placements issued in this offering was 75516.66 million shares, accounting for about 20% of the current offering. The company's senior management and core employees participated in the strategic placement through the Huatai Aotuo Technology Home No. 1 Science and Technology Innovation Board Employee Shareholding Pooled Asset Management Plan and the Huatai Aotuo Technology Home No. 2 Science and Technology Innovation Board Employee Shareholding Pooled Asset Management Plan. The managers were all Huatai Securities (Shanghai) Asset Management Co., Ltd. The total number of participating strategic placements under the above special asset management plan did not exceed 10% of the number of shares issued, or 37.758.33 million shares. The total subscription amount was no more than 70 million yuan, of which the subscription amount for the Jiayuan No. 1 Asset Management Plan did not exceed 27 million yuan, and the subscription amount for the Homeland No. 2 Asset Management Plan did not exceed 43 million yuan. The sponsor will arrange for the relevant subsidiary Huatai Innovation Investment Co., Ltd. to participate in the strategic placement of this offering. The initial follow-up ratio is expected to be 5% of the current offering, or 1,887.16 million shares.
The company is a national-level specialized, specialty, and new “little giant” enterprise focusing on the R&D, production and sales of programmable logic controllers (PLCs). Among them, medium and large PLCs are the issuer's core products. PLC, CAD/CAM, and robots are jointly known as the three pillars of modern industrial automation, and are the basic basic equipment at the bottom of the industrial automation system. China's medium and large PLC market has been monopolized by foreign brands for a long time. In recent years, the technology of medium and large domestic PLC manufacturers represented by the company has continued to advance, and domestic enterprises have gradually broken through in various fields, breaking the monopoly position of foreign brands.
The company's net profit attributable to owners of the parent company from 2023 to 2025 was 53.1686 million yuan, 89.1913 million yuan, and 118 million yuan, respectively. In 2026, the company expects revenue to increase by 19.61% to 32.21% over the same period of the previous year. Net profit attributable to owners of the parent company after deducting non-recurring profit and loss will increase by 13.75%-31.25% over the same period last year, mainly due to the increase in the company's sales revenue.
After deducting the issuance fee, the company plans to use the funds raised for the Aotuo Technology Industry-Research Integration Center project, which plans to use the raised capital of about 525 million yuan.