Venture(US:VEMLY) Sou Hu Cai Jing·2025-10-16 06:18Core Viewpoint - Shenzhen Aiwei Electric Technology Co., Ltd. is advancing its IPO process on the ChiNext board despite past financial misconduct, with key inquiries focusing on performance, product technology, and related party transactions [1] Group 1: Company Overview - Aiwei Electric is the largest third-party supplier of high-voltage controllers for thermal management in the domestic new energy vehicle sector [1] - The company is undergoing its IPO with CICC as the sponsor and Xinyong Zhonghe CPA as the auditing firm [1] Group 2: Regulatory Issues - In January 2023, the Ministry of Finance named Aiwei Electric in an administrative penalty decision due to discrepancies in its 2022 financial data, which included multiple instances of inflated or deflated figures [1] - The Ministry's inspection revealed issues with the auditing quality of the accounting firm that audited Aiwei Electric [1]