悦龙科技IPO过会，业绩稳定性遭问询

Core Viewpoint - Shandong Yuelong Rubber and Plastic Technology Co., Ltd. (Yuelong Technology) meets the issuance, listing, and information disclosure requirements as disclosed by the Beijing Stock Exchange [1] Group 1: Company Overview - Yuelong Technology was established in 1989 with a registered capital of 61 million yuan, primarily engaged in the research, production, and sales of flexible pipelines and hose assemblies for fluid transportation [1] - The company is controlled by Chairman and General Manager Xu Jincheng, who holds a total of 73.79% of the shares, making him the controlling shareholder and actual controller of Yuelong Technology [2] Group 2: Financial Performance - In 2023, the company reported operating revenue of 218.63 million yuan, an increase from 188.97 million yuan in 2022, reflecting a growth trend [3] - The comprehensive gross profit margin improved to 52.64% in 2023 from 51.97% in 2022 [3] - Operating profit rose to 71.47 million yuan in 2023, compared to 55.44 million yuan in 2022 [3] - Net profit increased to 60.78 million yuan in 2023, up from 47.92 million yuan in 2022 [3] - The weighted average return on net assets was 20.97% in 2023, compared to 16.93% in 2022 [3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 54.71 million yuan in 2023, compared to 49.21 million yuan in 2022 [3] Group 3: Future Considerations - The Beijing Stock Exchange has requested Yuelong Technology to explain the impact of falling crude oil prices on its performance, considering the industry cycle and the company's competitive advantages [1] - The exchange also requires the company to clarify its capacity to absorb new production from the "new self-floating oil rubber hose production project" based on existing capacity utilization [1]