业绩暴涨70%，这家公司却突然终止IPO！

Core Viewpoint - Zongshen Power's recent decision to terminate its IPO counseling for its aviation engine subsidiary, despite a projected Q3 performance increase of 70%-100%, reflects a strategic shift rather than a retreat, aiming to better align with the burgeoning low-altitude economy in Chongqing [1][3][13] Company Summary - Zongshen Power established a wholly-owned subsidiary, Chongqing Chenyu Technology, on September 11, and announced the termination of the IPO counseling on September 30, indicating a strategic restructuring [3] - The management overlap between Chenyu Technology and the aviation engine company suggests the creation of a new capital operation platform rather than a simple subsidiary [3] - The decision to halt the IPO is seen as a move to consolidate resources and strengthen the company's foundation in light of the long development cycles and high investment costs associated with aviation engine research [3][13] Industry Summary - The low-altitude economy in Chongqing is receiving significant policy support, which Zongshen Power aims to leverage through its strategic adjustments [3][13] - The aviation sector is experiencing substantial growth, with flight hours increasing by 109% and flight operations rising by 67% in the first half of the year [6] - The current market dynamics illustrate a disconnect between stock performance and company earnings, where companies with declining earnings can see significant stock price increases, while those with consistent growth may underperform [5][12]