隆源股份北交所IPO过会，经营业绩真实性相关问题遭追问

Core Viewpoint - Ningbo Longyuan Co., Ltd. has successfully passed the IPO review on December 25, aiming to raise approximately 560 million yuan [1] Group 1: Company Overview - Ningbo Longyuan specializes in the research, production, and sales of aluminum alloy precision die-casting parts [1] - The company’s IPO was accepted on June 18, 2025, and entered the inquiry phase on July 11 of the same year [1] Group 2: Financial Aspects - The company plans to raise around 560 million yuan through its IPO [1] - The listing committee raised concerns regarding the authenticity of the operating performance, particularly the significant growth of accounts receivable exceeding revenue growth [1] - The committee also questioned the accuracy of revenue recognition under the consignment model and the reasons for discrepancies in customer feedback [1] Group 3: Sustainability of Performance - The listing committee requested clarification on whether the continuous increase in product revenue would adversely affect future operating performance [1] - The company was asked to demonstrate the sustainability of its performance growth in relation to product competitiveness and to address potential risks of declining gross margins [1]