"Science and Technology Innovation Board**" on March 6 (Reporter Chen Mei).Recently, Baoligen (Chengdu) Precision Industry Co., Ltd. (hereinafter referred to as Baoligen) launched A-share IPO counseling. The counseling brokerage is CITIC**.
Founded in 2000, BLG is a company focusing on the development and manufacturing of high-precision molds, the production and manufacturing of precision components and the provision of overall technical solutions, and its main products focus on the development and manufacturing of precision components in industries such as automotive electronics and rail transit, high-speed data transmission and storage, intelligent manufacturing and photoelectric sensors.
The actual controller Zhang Ying once said in an interview with **From the decision to land in Chengdu and the current launch of the A-share IPO, Bolligan has experienced more than 20 years of development. "First of all, I went to the industrial park to rent factories and buy equipment, and now the output value has reached 1 billion yuan. ”
The founders brought the seeds of precision manufacturing back to China
According to the data of the Venture Capital Connect of the Financial Associated Press, the actual controller of Baoligen is Zhang Ying, who controls Baoligen 3547% of the shares. At the same time, it also indirectly holds shares in Polygen through other limited liability companies and partnerships.
However, Zhang Ying, as the company's major shareholder and actual controller, is not the founder of Baoligen. According to the Bolligan announcement, her husband Xi Gang passed away in March 2022. After his death, his wife Zhang Ying took over the baton and became the chairman of Baoligen.
According to the resume, Xi Gang was born in January 1964 and studied at the Department of Precision Instruments of Xi'an University of Technology from 1981 to 1985. In 1991, he came to Singapore to study and stayed there to work.
In 2000, Xi Gang met the founder of Polygon, which was founded in Singapore at the time. The latter believed that Xi Gang was a person with great professional ability and trustworthy character, so he decided to hand over the brand "Polygon" to Xi Gang and set up a precision mold company in China.
Therefore, 'Polygan' was originally a wholly foreign-owned company." According to Zhang Ying's recollections,After Mr. Xi just brought the "Baoligen" brand back to China, his first stop was to settle in Chengdu.
At that time, he visited many places, including Guangdong, Xiamen, and Shanghai, but eventually made Chengdu his base. On the one hand, it is believed that the labor cost in Guangdong is relatively high; On the other hand, I also like that the people here in Chengdu are more able to endure hardships, and the cost in all aspects is lower. In addition, the transportation is also very convenient. Zhang Ying recalled.
According to the disclosure, in that year, "Baoligen" planned to invest 30 million yuan in Chengdu High-tech Zone for the research and development of automotive electronic connectors and high-speed communication module business segments.
At that time, Xi Gang said that the move would ensure that the company's revenue in these two segments will grow by 10% annually in the next five years. According to the data, in 2016, the overall sales revenue of Baoligen Chengdu Company was nearly 300 million yuan, a year-on-year increase of 10%.
Serving the world's largest manufacturer of electronic connectors
Since its inception, Bolligan has grown rapidly.
In the automotive electronic connector business, Polaragon serves TE Connectivity, the world's largest manufacturer of electronic connectors. According to the financial report, the annual output value of Tyco Electronics has exceeded 15 billion US dollars, of which the revenue of automotive electronic connector business has exceeded 6 billion US dollars.
In 2022, Tyco Electronics added 800 million yuan in localization project investment, and is expected to invest 4.2 billion yuan in China in the next five years. Some of these investments have been made in Kunshan, and the Kunshan plant of Tyco Electronics' automotive division has been officially put into operation.
In addition to being responsible for the core mold research and development of Tyco Electronics' business in China, Bolligan is also responsible for the mold research and development business of Tyco Electronics, including Germany, North America and other regional markets.
Poligen is also a core partner of Amphenol (Amphenol Group), the global leader in the communication module business, and its products have covered 5G and 6G technology core modules, which are the main products in the global market from 2018 to 2028, and these products are used in the communication base stations of Huawei and other companies.
According to the news, Baoligen, Huawei, and Pan Pacific have previously signed a cooperation agreement. According to the agreement, the three parties will jointly build Huawei's AI+RPA application demonstration base and compile and promote AI+RPA teaching materials nationwide, jointly promoting the development of the domestic AI+ RPA industry and accelerating the pace of digital transformation of the industry.
Equity penetration shows that Polygon Precision Engineering Pte Ltd, the largest shareholder of Polygon Precision Engineering Pte Ltd, holds 40% of the shares; Chengdu Bao Profit Source Enterprise Management is the second largest shareholder, with a shareholding ratio of 35%; Chengdu Bao Profit and Enterprise Management Partnership (Limited Partnership) and Chengdu Bao Profit Feng Enterprise Management Consulting Partnership (Limited Partnership) hold 11 shares respectively62% and 533%。
Huang Yiping, as the director and general manager of Baoligen Nantong Precision Molding, holds 32705%。
Among them, Chengdu Bao Profit and Enterprise Management Partnership (Limited Partnership) and Chengdu Bao Profit Feng Enterprise Management Consulting Partnership (Limited Partnership) are suspected of being employee shareholding platforms. In this regard, Zhang Ying once said that the founder Xi Gang cares about his employees very much and made an employee stock ownership platform more than 10 years ago. "It can be said that they are not only employees, but also backbones, but also shareholders, and they are willing to make Bolrigan develop better. ”
According to the data, Bolrigan's current terminal service customers include CRRC, BMW, Land Rover, Jaguar, Audi, Mercedes-Benz, Apple, Samsung, Huawei, Nike, ReSound, etc., with customers in Europe, the United States, Japan, Southeast Asia and China.