振石股份主板IPO过会，与中国巨石关联交易的公允性等被追问

Core Viewpoint - Zhejiang Zhenstone New Materials Co., Ltd. has successfully passed the IPO review on the Shanghai Stock Exchange, aiming to raise approximately 3.981 billion yuan for its operations in the clean energy sector [1] Group 1: Company Overview - Zhenstone is primarily engaged in the research, production, and sales of fiber-reinforced materials in the clean energy field and is recognized as a national high-tech enterprise [1] - The company’s IPO was accepted on June 25, 2025, and entered the inquiry stage on July 19, 2025 [1] Group 2: IPO Details - The company plans to raise around 3.981 billion yuan through its IPO [1] - The listing committee has requested Zhenstone to clarify the fairness of its related transactions with China Jushi, including pricing basis and decision-making processes [1] Group 3: Risk Considerations - The listing committee has asked the company to address its dependency on China Jushi for raw materials and whether the risk disclosures are adequate [1] - Zhenstone is also required to explain the potential impact on its future performance stability due to rising prices of glass fiber from China Jushi and the capacity expansion of major customers [1]