北交所年内首家！永大股份IPO遭暂缓，公司经营业绩持续稳定性等被追问

Core Points - Jiangsu Yongda Chemical Machinery Co., Ltd. (Yongda) faced a delay in its IPO review at the Beijing Stock Exchange, marking it as the first IPO project to be postponed this year [1] - The company specializes in the research, design, manufacturing, sales, and related technical services of pressure vessels in various fields, including basic chemicals, coal chemicals, refining, petrochemicals, photovoltaics, and pharmaceuticals [1] - Yongda aims to raise approximately 458 million yuan through its IPO, which was accepted on April 27, 2025, and entered the inquiry stage on May 28, 2025 [1] Review Requirements - The listing committee requested further verification from the sponsoring institution and reporting accountants regarding the rationality and effectiveness of Yongda's internal control measures for photovoltaic project sales, the sufficiency of revenue recognition basis, and the recoverability of accounts receivable [2] - The committee also required Yongda to explain the sufficiency of revenue recognition based on the company's standards and the situation of acceptance documents received at the end of each reporting period [2] - Additionally, Yongda must address the stability of its operating performance in light of industry cycle changes, policy impacts, market demand fluctuations, competitiveness, existing orders, and risks associated with receivables in the photovoltaic sector [2]