烨隆股份上交所主板IPO“终止” 主要客户为盖瑞特、博格华纳等全球知名涡轮增压器整机及零部件制造商

Core Viewpoint - Wuxi Yelong Precision Machinery Co., Ltd. (Yelong) has had its IPO review status changed to "terminated" due to the withdrawal of its listing application by the company and its sponsor, as per the regulations of the Shanghai Stock Exchange [1] Group 1: Company Overview - Yelong primarily engages in the research, production, and sales of key components for automotive turbochargers, including turbine housings and precision components [1] - The company has established a stable procurement, production, and sales model, leveraging its technological, managerial, and customer advantages to become a professional supplier of key components for turbochargers globally [1] Group 2: Product Details - The turbine housing products can be fitted to various manufacturers and models of turbochargers, which are mainly used in gasoline and diesel engines, offering benefits such as enhanced engine power, energy savings, and environmental protection [1] - Yelong also produces precision components that are essential for the assembly of turbine housings, featuring high precision, high-temperature resistance, oxidation resistance, and wear resistance [2] Group 3: Financial Performance - In the fiscal years 2020, 2021, and 2022, Yelong reported revenues of approximately 1.082 billion, 1.177 billion, and 1.103 billion RMB, respectively, with net profits of approximately 103 million, 108 million, and 103 million RMB [2] - As of December 31, 2022, the total assets amounted to approximately 1.306 billion RMB, with equity attributable to the parent company at approximately 591.55 million RMB and a debt-to-asset ratio of 54.35% [3]