“小巨人”至恒融兴启动IPO辅导四年半，应收账款余额长期保持较高水平

Company Overview - Xiamen Zhiheng Rongxing Information Technology Co., Ltd. (referred to as "Zhiheng Rongxing") has disclosed its progress on the initial public offering (IPO) guidance report, with the guidance institution being Industrial Securities [1] - Zhiheng Rongxing was established in July 2011, with a registered capital of 70.4 million yuan, and is controlled by Zeng Dan, who holds 43% of the shares [1] - The company is a leading specialized IT solution provider, primarily serving banking industry clients, offering services in international business, big data, software testing, and IT operation management [1] Client Base and Achievements - Zhiheng Rongxing has accumulated nearly 200 large industry clients, including major banks such as the People's Bank of China, Bank of China, Agricultural Bank of China, China Construction Bank, and others [1] - The company is recognized as a "Little Giant" enterprise and a national high-tech enterprise, indicating its strong position in the industry [1] Financial and Legal Considerations - The guidance report indicates that the company is involved in a significant legal lawsuit, and the guidance team is actively assessing the impact of this lawsuit on the company [2] - The company's accounts receivable have consistently remained at a high level due to the nature of its business model and client characteristics, which involve longer settlement and payment cycles [2] - The guidance team is encouraging the company to develop a collection plan and is monitoring the improvement in operating cash flow and sales collection compared to the previous year [2]