Chengde Vanqiantian Da Co., Ltd. launches IPO advisory guidance, with Wang Zhijun and his son holding 70% ownership.

**Rui Finance Ming Yan ** Recently, Chengde Tianda Vanadium Industry Co., Ltd. (hereinafter referred to as “Tianda Shares”) completed an IPO tutoring and filing with the Hebei CSRC, with CICC Construction Securities as the tutoring institution.

Tianda Shares was established in 1998, with registered capital of 82.46 million yuan. It mainly engages in the research, production, and sales of ferroalloys and high-purity metal materials. The company has been listed on the National Equities Exchange and Quotations (NEEQ).

The actual controller of Tianda Shares is father and son Wang Zhijun and Wang Wei. Wang Zhijun serves as chairman of the board, while Wang Wei serves as a director, general manager, and secretary of the board of directors.

Wang Zhijun directly holds 51.30% of the company’s shares, Wang Wei directly holds 0.67% of the company’s shares, and Wang Wei indirectly controls 2.80% of the company’s shares in total by serving as the executive affairs partner of the employee shareholding platforms Chengde Deyuan, Chengde Jiayuan, and Chengde Weiyuan. Wang Zhijun and Wang Wei indirectly control 15.14% of the company’s shares through Chengde Tiansheng (a company with 90% held by Wang Zhijun and 10% held by Wang Wei), and Wang Zhijun and Wang Wei together control 69.91% of the company’s shares.

Wang Zhijun, 62, has a high school education. In the early years, he previously served as a secretary in the office of the CPC Longhua County Committee of Chengde, a sales representative, and production personnel at the Chengde Chemical General Factory. From September 1994 to April 2024, he served as the legal representative of Jinda Vanadium; from March 1998 to the present, he has successively served as the company’s chairman and general manager, and chairman.

Wang Wei, 37, holds a master’s degree. From March 2017 to August 2018, he served as an investment manager at GSR Capital; from September 2018 to March 2021, he served as a staff member at Beijing GSR Smart Agriculture Technology Co., Ltd.; from November 2009 to January 2023, he served as a supervisor of the company; from January 2023 to the present, he has successively served as the company’s executive vice general manager, general manager, and general manager and secretary of the board of directors; from October 2024 to the present, he has served as a director of the company.

In terms of performance, in 2023, 2024, and the first quarter of 2025, the company’s operating revenue was 607 million yuan, 529 million yuan, and 152 million yuan, respectively. Net profit was 51.76M yuan, 55.31M yuan, and 16.4282 million yuan, respectively. Operating performance fluctuated. Net cash flow from operating activities was -158 million yuan, -160 million yuan, and -16.5885 million yuan, respectively, and remained negative continuously.

During the period, the company’s largest customer was the Northwest Institute of Nonferrous Metals and its subsidiaries. Revenue from sales to them accounted for more than 44% of total revenue.