优迅股份科创板IPO暂缓审议 现场问询聚焦三大问题

Core Viewpoint - The Shanghai Stock Exchange has decided to postpone the IPO review of Xiamen Youxun Chip Co., Ltd. on the Sci-Tech Innovation Board, raising concerns about the company's financial sustainability and governance issues [1] Group 1: Financial Concerns - The listing committee inquired about the risk of declining gross margins and the sustainability of the company's operating performance, focusing on product structure, pricing power, market expansion, major product validation, and existing orders [1] - The issuer is required to clarify whether there is a risk of continuous decline in gross margins and the sustainability of its operating performance [1] Group 2: Governance Issues - The committee questioned the existence of undisclosed related-party relationships or concerted action among certain investors, considering the low shareholding ratio of the actual controller and the short duration of control over the company [1] - Concerns were raised regarding the stability of the actual controller's control rights and the potential risk of control changes post-IPO due to historical shareholder disputes and multiple equity changes during the reporting period [1] Group 3: Accounting Compliance - The issuer must provide clarification on whether the accounting treatment of share-based payments during the reporting period complies with the relevant accounting standards [1] - The sponsor and reporting accountants are required to issue clear verification opinions on the accounting treatment [1]