688827.SH (), a leader in full-direct drive CNC machine tools in China, plans to publicly issue 17.1286 million shares

According to the Zhitong Finance App, Colestrum (688827.SH) disclosed a prospectus. The number of shares the company plans to publicly issue is 17.1286 million shares, accounting for 25% of the total share capital after issuance. The initial inquiry date for this offering is October 26, 2026, and the subscription date is October 29, 2026. The company will apply for listing on the Science and Technology Innovation Board as soon as the distribution is completed.

The initial number of strategic placements issued in this offering was 3.4257.2 million shares, accounting for 20% of the current offering. The proportion of the company's senior management and core employees participating in the strategic placement plan through the Cathay Pacific Haitong Science and Technology Innovation Board Collition-1 Strategic Placement Pooled Asset Management Plan did not exceed 10%, that is, no more than 1,7126.6 million shares, with a total investment of no more than 72 million yuan. The sponsor will arrange for the relevant subsidiary, Chengyu Investment, to participate in the strategic placement of this offering. The initial follow-up ratio is expected to be 5% of the current public offering, or 8564.3 million shares.

The company is a leader in full direct drive CNC machine tools in China. It is also one of the few domestic enterprises that also has PWM type CNC systems and bus type CNC systems, and has formed large-scale sales of both types of CNC systems. A fully direct drive CNC machine tool is a new type of CNC machine. All linear axes and rotating axes use direct drive technology, and there are no intermediate transmission parts, which can achieve higher speed and higher accuracy. As advanced manufacturing's demand for high-precision and high-efficiency processing increases, full direct drive CNC machine tools have become one of the mainstream forces in the high-end CNC machine tool field in the world machine tool industry. The company's full direct drive CNC machine tools all use self-developed PWM CNC systems, which can solve the problem of shortfall restraint in high-end machine tools.

The company's net profit attributable to owners of the parent company from 2023 to 2025 was 356.109 million yuan, 63.2374 million yuan, and 76.4823 million yuan, respectively. The company expects revenue of 350 million yuan to 370 million yuan from January to September 2026, up 28.52% to 35.86% over the same period of the previous year; net profit attributable to shareholders of the parent company from January to September 2026 is expected to be 68 million yuan to 78 million yuan, up 37.65% to 57.89% over the same period of the previous year; net profit attributable to shareholders of the parent company after deducting non-recurring profit and loss from January to September 2026 is 69 million yuan to 79 million yuan, an increase of 42.95% to 63.67% over the same period last year.

The company plans to invest in the capital raised in this issue (after deducting the issuance fee): CNC machine tool production base construction project, next-generation intelligent CNC system R&D and construction project, CNC machine tool overall processing solution research and development project, and supplementary working capital. The total amount of capital raised is about 719 million yuan.