祺龙海洋北交所IPO过会，控股股东经营情况被追问

Core Viewpoint - Shandong Qilong Marine Oil Steel Pipe Co., Ltd. has successfully passed the IPO review for listing on the Beijing Stock Exchange, aiming to raise approximately 382 million yuan for high-performance large-diameter subsea conduits production projects [1][1]. Company Overview - Qilong Marine primarily engages in the research, production, and sales of subsea drilling riser pipes, as well as the production and sales of oil and gas long-distance pipelines and underwater oil and gas equipment testing technical services [1][1]. IPO Details - The company's IPO was accepted on December 24, 2024, and entered the inquiry phase on January 20, 2025 [1][1]. - The planned fundraising amount is approximately 382 million yuan, which will be allocated to the production project of high-performance large-diameter subsea conduits after deducting issuance costs [1][1]. Regulatory Scrutiny - The listing committee requested clarification on the operating conditions of the controlling shareholder, Longxi Oil Services, including its external borrowing and changes in asset-liability ratio [1][1]. - The committee also inquired about the commercial rationale for Longxi Oil Services' increased investment through borrowing and the effectiveness of risk isolation from the controlling shareholder's operations [1][1]. - Additionally, the committee sought information on the stability and sustainability of customer cooperation, specifically with the largest client, CNOOC, and the adequacy of bad debt provisions and accounts receivable risk disclosures [1][1].