“Enterprises wish to...” IPO Success is inseparable from... Finance is inseparable from the finance team. To a certain extent, the finance team determines the enterprise. IPO "Success or failure!" said staff members from the securities firm's team. Preparations for the IPO are the top priority for Guiyang Xianfeng Machine Tool Co., Ltd. (hereinafter referred to as "Guiyang Xianfeng"). As the core team in Guiyang Xianfeng’s listing on the stock exchange, the finance team... In 2022 Year 4 After the official launch of the listing process for Yue Guiyang Xianfeng, we provided full-process coordination with intermediary agencies to collect and organize relevant materials. Cost allocation Adjust accounting records ······

To accomplish the established financial tasks, the finance team members each fulfill their respective duties and take full responsibility. They unite their hearts and minds, work together in solidarity, press forward with determination and vigor, and forge ahead with courage and resilience. Constantly Strengthen and refine all financial tasks. ， Actively cooperate with the club’s team to advance, on schedule, various tasks including revenue recognition, inter-period expense adjustments, collection of safety funds, reconciliation of receivables and payables, accrual of trade union funds, and streamlining of consigned processing arrangements; the financial audit team actively participates. The “inventory, sales, and procurement” review process rigorously examines the logic behind modifications to the “inventory, sales, and procurement” system as well as the matching of working hours, taking a review-oriented approach to production and operational activities. The financial inventory monitoring team participates in the physical inventory counts of inventories and fixed assets, and provides corrective recommendations for any issues identified during the inventory process. Meanwhile, in addition to focusing on listing and going public, all members of the finance team continue to make full use of overtime hours—after work, weekends, and holidays—to diligently perform their professional duties.

The picture shows The superior authority has assigned and designated financial personnel to work on-site at Qianfeng in Guiyang.

“Regarding corporate IPOs, financial…” Data It's a hard indicator, Financial compliance accounting It is the minimum requirement and also the requirement that must be complied with and met. ， Things the finance team needs to pay attention to during the process of advancing the listing and IPO efforts. Also “There’s a lot to it,” said Zhu Jianghua, head of the Asset and Finance Department at the Electromechanical Group, who is stationed at Xianfeng in Guiyang. When advancing a specific financial task, it’s crucial to confirm the standards for that task to reduce the frequency of rework later on. When tackling complex financial projects, it’s often necessary to temporarily assemble a dedicated task force to ensure swift and efficient progress. To facilitate smooth communication with other departments, it’s important to step outside traditional financial thinking and minimize the use of specialized financial jargon during interactions. Moreover, when working with intermediary agencies, we must adopt a “starting from scratch” mindset, discard outdated ideas, and proactively engage in dialogue—only then can we effectively learn and apply the latest financial theories and address new challenges in financial work.

The picture shows Worksite of the Guiyang Xianfeng Financial Team Staff (Part 1)

Since the launch of the listing and IPO process, the Guiyang Xianfeng financial team, despite facing an enormous workload, has never given up. They have consistently... Be conscientious and responsible. 、 Not afraid of difficulties, Continuously for Achieve an early breakthrough in Guiyang Xianfeng. Success The company is contributing its full strength to the public listing. Thanks to the financial team’s relentless efforts over the past year and more, they’ve overcome one seemingly insurmountable hurdle after another, surmounted one seemingly impossible challenge after another, and accomplished one seemingly impossible feat after another. In particular, when tackling the tricky issue of electricity bill allocation, the financial team took the initiative and successfully resolved the problem. Given that, in the early days of Guiyang Xianfeng’s establishment, various production plants and warehouses... All departments, staff hospitals, vocational schools, and staff dormitories They all share the same electricity meter. When it came to determining how to allocate monthly electricity costs in detail, the Finance Department proactively communicated and coordinated closely with the securities firm team, the clubhouse team, company leadership, functional departments, and the power supply bureau. Taking the monthly electricity bills issued by the power supply bureau as the blueprint and referring to the 2020 monthly allocation patterns, the department reconfigured the statistical tables to calculate the electricity consumption for each plant area, logistics support, and non-plant areas on a monthly basis. After establishing a fixed average allocation ratio and obtaining approval through a formal meeting, the ratios were further adjusted based on subsequent mergers and acquisitions among plant areas. The successful implementation of this initiative has laid a solid foundation for Guizhou Xianfeng’s refined internal control management and enhanced granularity in financial accounting.

           Guizhou Xianfeng still has a long way to go before its successful IPO, and the finance team needs to tackle the challenges ahead. of the There are still “tough nuts” around. The picture shows Worksite of the Guiyang Xianfeng Financial Team Staff (Part 2) Many, but they said “Though the road is long, persistence will bring you to your destination; though the task is difficult, success is assured if you keep at it.” Next, Guiyang Xianfeng will continue to standardize its internal management organization and process systems, and strengthen its financial control and accounting procedures. Fully leverage the strengths of each team within the dedicated task force for going public, effectively anticipate and mitigate a range of operational and financial risks, and continuously enhance the company’s core competitiveness. To help enterprises successfully go public and achieve leapfrog, high-quality development. Provide protection and escort. 。

Source: Party and Government Office

Editor of this edition｜Huang Wanfen

Editor-in-charge: Xia Tailian, Jiang Yifan

Final Review | Wu Suping