Comprehensive bearing manufacturer Luozhu Co., Ltd. (301699.SZ) plans to publicly issue 124 million shares

According to the Zhitong Finance App, Luozhu Co., Ltd. (301699.SZ) disclosed a prospectus. The number of shares the company plans to publicly issue is 124 million shares, accounting for 17.13% of the total number of shares of the company after this public offering. The initial number of strategic placements issued in this offering was 49.6 million shares, accounting for 40% of the current offering. The initial inquiry date for this offering is August 20, 2026, and the subscription date is August 26, 2026.

The company is mainly engaged in R&D, production and sales of bearings and related components, and is one of the largest comprehensive bearing manufacturers in the Chinese bearing industry. The company has been deeply involved in the bearing industry for many years, has outstanding scientific and technological innovation capabilities, has the only national key laboratory in the bearing industry, and is in a leading position in the domestic R&D and layout in the field of high-end bearings. The company has more than 30,000 product lines, ranging in size from an inner diameter of 6 mm to an outer diameter of 15 meters. It is widely used in strategic emerging industries such as major equipment, high-end equipment, and new energy vehicles.

The company's net profit attributable to owners of the parent company from 2023 to 2025 was 231 million yuan, 251 million yuan, and 529 million yuan, respectively. The company expects revenue from January to September 2026 to increase 5.52% to 11.08% over the same period of the previous year. Net profit attributable to shareholders of the parent company after deducting non-recurring profit and loss will increase 6.94% to 11.80% over the same period last year, and the scale of revenue and profit will increase simultaneously.

After deducting the issuance fee, the capital raised by the company is intended to be used for: high-speed train bogie bearing development and application, intelligent production and construction projects for new energy bearings, industrial upgrading and construction projects supporting major technical equipment, high-end precision small turntable bearing industrialization construction projects, and bank loan repayment projects. The total amount of capital raised is 1.8 billion yuan.