父亲的公司从新三板摘牌了，儿子的新三板公司闯关北交所 汽车内外饰企业乔路铭因关联交易“吃”警示函

Core Viewpoint - Qiaoluming Technology Co., Ltd. is preparing for an IPO on the Beijing Stock Exchange, but faces regulatory scrutiny due to compliance issues related to related party transactions [1][11]. Company Background - Qiaoluming is primarily engaged in the research, production, and sales of automotive interior and exterior parts, with major products including automotive interior components, exterior components, and supporting molds [5]. - The actual controller of Qiaoluming is Huang Shengquan, who has a background in the automotive parts industry and previously held a significant stake in Mingbo Co., Ltd., a related company [2][6]. Financial Performance - The company has shown strong growth in revenue and net profit from 2022 to 2024, with revenues of 1.561 billion, 2.556 billion, and 3.375 billion yuan, and net profits of 154 million, 302 million, and 417 million yuan respectively [8]. Regulatory Issues - Just before the IPO application was accepted, Qiaoluming received a warning letter from the Zhejiang Securities Regulatory Bureau for failing to timely disclose related party transactions totaling 100.334 million yuan and 2.47 billion yuan [11][12]. - The company has previously attracted regulatory attention for abnormal funding practices, including loans that were transferred through related parties [11][13]. Market Position - Qiaoluming's main customers include major automotive manufacturers such as BYD and Geely, with BYD accounting for 47.69% and 54.89% of the company's revenue in 2023 and 2024 respectively [7].