Core Viewpoint - The article highlights concerns regarding the discrepancies in signatures of key personnel at Xuchang Intelligent Relay Co., Ltd. during its IPO process, raising questions about the accuracy and integrity of its financial disclosures [1][9][10]. Company Overview - Xuchang Intelligent Relay Co., Ltd. is set to be listed on the Beijing Stock Exchange in January 2024, with Minsheng Securities as its sponsor [5]. - The company specializes in the research, design, assembly, sales, and service of smart power distribution products, new energy products, and power engineering contracting [6]. Financial Performance - For the year 2024, the company reported a revenue of 629,547,222.50 yuan, an increase of 7.37% compared to the previous year [7][8]. - The net profit attributable to shareholders decreased by 8.40% to 42,462,092.47 yuan [7][8]. IPO Process and Regulatory Issues - The IPO application was accepted on December 30, 2022, and after three rounds of inquiries, it was approved on September 14, 2023 [5][6]. - Prior to the IPO review, the company and its key executives received a warning letter from the Beijing Stock Exchange due to financial data misreporting [9][10]. - The company failed to adequately assess risks related to receivables from a group that had multiple subsidiaries listed as dishonest executors, leading to improper bad debt provisions [11]. Compliance and Accountability - The Beijing Stock Exchange determined that the financial data submitted in the IPO application was inaccurate and did not meet the requirements for authenticity and completeness [10][11]. - Key executives, including the chairman and financial officer, were found to have not exercised due diligence in ensuring the accuracy of the IPO application documents [10][11].
一IPO项目被指签字页笔迹前后差异较大！财总、董秘签名......