SINOLINK SECURITIES(SH:600109) Zhong Guo Jing Ji Wang·2025-12-26 03:15Group 1 - The Beijing Stock Exchange's listing committee approved Ningbo Longyuan Co., Ltd.'s IPO, marking it as the 104th company to pass the review this year [1] - Longyuan Co., Ltd. specializes in the research, production, and sales of aluminum alloy precision die-casting parts, primarily serving key automotive sectors such as engine systems and new energy vehicle components [1] - The company plans to issue up to 17,000,000 shares to unspecified qualified investors, with a potential increase of up to 19,550,000 shares including an over-allotment option [2] Group 2 - The company aims to raise 61 million yuan for projects related to new energy systems and lightweight automotive components, as well as for the construction of a research and development center [2] - The main underwriter for the IPO is Guojin Securities, which has successfully sponsored three IPO projects this year [1][2] - The actual controllers of Longyuan Co., Ltd. are Lin Guodong and Tang Meiyun, who collectively control 98.5337% of the company's shares [2] Group 3 - The review meeting raised inquiries regarding the authenticity of the company's operating performance, particularly concerning the growth of accounts receivable exceeding revenue growth [3] - Questions were also posed about the sustainability of the company's operating performance, including the potential impact of declining product revenue on future earnings [3]