来源：招股书
数据支持 | LiveReport
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摘要： 斯瑞德环保 于 2023 年 2 月 14 日向 美国证监会(SEC) 递交招股书，拟在 纳斯达克 上市，股票代码为： HARD ，公司是 中国一家废物管理和回收设备制造商 。2021年收入 3160.6万美元 ，净 利润173.3万美元 ；2022年前 6 个月收入为 1454.8万美元 ，净利润55.3万美元。
中介团队：
承销商： 老虎证券
审计师： Friedman LLP
公司律师： 金杜（中）、Haneberg Hurlbert PLC（美）
斯瑞德环保 是中国一家废物管理和回收设备制造商，专业制造定制工业粉碎机和材料分选机和生产线，致力于为客户提供固废*碎机破**及整体固废解决方案。
公司依托强大的研发实力，融合德国前沿的固废破碎技术理念，为全球客户供应高效、操作便捷和性能稳定的单轴、双轴、四轴、粗破以及移动式*碎机破**。根据不同的固废领域，如生活垃圾、大件垃圾、纸厂垃圾、陈腐垃圾、厨余垃圾、医疗垃圾、工业危废、一般工业固废、废旧轮胎、农林废弃物等，斯瑞德环保科技可提供针对性的整体解决方案。
来源： 公司官网
财务业绩
2020年、2021年及2022年前6个月，收入分别为2190.2万、3160.6万、1454.8万美元，净利润分别为239.9万、173.3万、55.3万美元。2022H1，产品销售、保修服务收入分别为1412.8万美元、42万美元。
来源：招股书
竞争优势
· 专注于技术和研发；
· 提高品牌意识的能力；
· 强有力的现金流管理；
·有效的质量控制 ；
· 经验丰富的管理团队和人员，并有良好的业绩记录；
· 价格策略。
公司资料：
官网：https://www.industrial-shredder.info /以及 https://www.siruide.com/
公司地址：中山市火炬开发区敬业路6号 8栋
募资用途
预计发行250万股普通股，假设首次公开发行价为每股6美元，预计本次发行净收益为1402.5万美元（不含超额配股权）。计划将募集资金用于：开发新的制造设备；与移动粉碎机和移动筛选机设计、机器人分拣技术和试验工厂开发相关的研发；补充营运资金。
行业 概况
根据国际市场研究公司GrandViewResearch的数据，2019年全球工业回收设备市场规模估计为8.52亿美元，预计到2027年将达到13亿美元，复合年增长率(CAGR)为5.8%。到2025年，亚太地区的市场预计将超过4.5亿美元，其中中国将成为主要的收入来源。
根据国际市场研究公司IBISWorld的数据，中国固体废物回收行业在过去五年中发展迅速，预计到2022年的五年内行业收入将以每年9.6%的速度增长，达到252亿美元。根据美国市场研究公司Allied Market Research的数据，全球废物管理市场预计将从2020年的约1.6万亿美元增长到2030年的约2.5万亿美元，复合年增长率为3.4%。 公司 参与竞争的全球废物管理设备市场将从2019年的457.5亿美元增加到2027年的556.3亿美元，复合年增长率为4.1%。
主要股东
上市前，Jiawen Miao为公司的控股股东，其通过8Sections International持有38.6%的股权。Jiawen Miao、Li Hua、Shaozhen He、Fan Zhang等7位公司高管合计持股达到51.2%。
来源：招股书
公司架构如下：
来源：招股书
管理层情况
来源：招股书
Jiawen Miao
Mr. Miao was appointed as the chairman of the board, chief executive officer and a director of Harden in April 2021. Since May 2010, he has also served as the managing director of Harden Machinery. From January 2001 until December 2010, Mr. Miao served as the senior vice president for K&J, LLC, a management consulting company in California. From July 1998 until December 2000, he served as the China operation manager for SMS Group GmbH, a German machinery manufacturer. From 1996 until June 1998, Mr. Miao served as a product manager for Conair Group, Inc., a machinery manufacturer in Pittsburgh. Mr. Miao received (i) a master’s degree in chemical engineering from the University of Southwestern Louisiana (US) in 1994, (ii) a master’s degree in international management from the Thunderbird School of Global Management (US) in 1996, (iii) a master’s degree in engineering from South China University of Technologies (PRC) in 1988 and (iv) a bachelor’s degree in engineering from Southwestern Jiaotong University in the PRC in 1983. Mr. Miao was nominated as a director due to his experience servicing in executive positions at companies operating in the machine manufacturing industry and his extensive knowledge, experience and relationships in China’s industrial recycling industry.
Chunmei Lei
Ms. Lei was appointed as our Chief Financial Officer in December 2021. From July 2013 until November 2021, she served as a consulting manager for Guangzhou Kenipu Enterprise Management Consulting Co., Ltd., a Guangzhou-based consulting company; and she also served as the legal representative and shareholder such company. From December 2009 until July 2012, Ms. Lei served as a finance manager for Foshan Kohler Co., Ltd., an affiliate of an American company producing sanitary ceramic products. From January 2007 until November 2009, she served a finance manager for Moidecar (Foshan) Display Manufacturing Co., Ltd., an affiliate of a Spanish company producing ceramic displays. From December 2004 until December 2006, Ms. Lei served as a senior accounting manager for Autoliv (Guangzhou) Vehicle Safety Systems Co., Ltd., an affiliate of a Swedish company producing automotive safety equipment. From August 2002 until October 2004, Ms. Lei served as a finance manager for Essel Propack (Guangzhou) Co., Ltd., an affiliate of an Indian company producing toothpaste packaging. From June 1999 until July 2002, she served as an accounting supervisor for Outokumpu Copper Tube (Zhongshan) Co., Ltd., an affiliate of a Finnish company producing copper tube for air conditioner. Ms. Lei received an associate’s degree in accounting from Huazhong University of Science and Technology in 1998.
Fan Zhang
Mr. Zhang was appointed as our vice president of sales and a director of Harden in April 2021. From October 2018 until April 2021, he served as the director of sales in Harden Machinery. From December 2016 until October 2018, Mr. Zhang served as the director of marketing for Harden Machinery. From May 2010 until December 2016, Mr. Zhang served as the director of marketing for Harden Machinery. From August 2008 until May 2010, Mr. Zhang served as the director of marketing Zhongshan Hengdong Machinery Co., Ltd., an industrial recycling company specializing in the development and manufacture of solid waste crushing and tearing systems. Mr. Zhang received a bachelor’s degree in engineering from Guangxi University of Science and Technology (PRC) in 2008.
Yabin Su
Mr. Su was appointed as our Chief Operating Officer of Harden in April 2021. Since December 2017, Mr. Su has also served as the chief operating officer of Harden Machinery. From April 2011 to December 2017, Mr. Su served as a workshop manager and operations manager of Harden Machinery. From July 2008 until March 2011, Mr. Su served as the production line team lead of the Nanning Paper Industry Branch of Guangxi Huajin Group Co., Ltd., a joint venture engaging in paper production and sales. He received a bachelor’s degree in engineering from Guangxi University of Science and Technology (PRC) in 2008.
风险因素
目前通过天眼查网站查询斯瑞德环保 的 运营主体公司中山斯瑞德环保科技有限公司，发现具有如下风险提示：
26 个自身风险中， 主要是合同纠纷方面的诉讼 ；
4 个周边风险中， 主要是公司投资的中山碎帮力环保科技有限公司的合同纠纷 ；
2 个历史风险中，公司曾因 广告和环保问题被处罚 ；
26 个预警提醒中，主要都是人员变更（ 投资 人、主要人员等）、 工商信息 变更等。
整体来看，公司各项风险属于比较正常的范围，网上并不存在大规模的负面舆情。