Core Viewpoint - A lawsuit involving Jiangsu Electromechanical Research Institute against Zhongtianze Holdings has emerged from a controversial "1 yuan" transaction, potentially setting a significant precedent in the capital market [3][4]. Group 1: Lawsuit Details - The lawsuit was initiated by Jiangsu Electromechanical Research Institute, which claims that Zhongtianze Holdings sold its stake in Helen Zhe for only 1 yuan, resulting in substantial losses [3][4]. - The case is notable as it could become an important legal precedent in the capital market if the plaintiff wins [3]. - The plaintiff is seeking 30 million yuan in damages from Zhongtianze Holdings and its actual controller, Jin Shiwei [6]. Group 2: Financial Context - In 2021, Helen Zhe sold Lianshuo Technology for 1 yuan, despite internal disagreements within the board regarding the appropriateness of this asset disposal [5]. - As of March 31, 2021, Lianshuo Technology had total assets of 51.49 million yuan and total liabilities of 133.45 million yuan, with Helen Zhe holding a debt claim of 70.18 million yuan against it [6]. - The plaintiff argues that even in a bankruptcy scenario, Helen Zhe could recover approximately 27 million yuan, highlighting the financial implications of the transaction [6]. Group 3: Related IPO Issues - The lawsuit has revealed discrepancies in the IPO application materials submitted by another company controlled by Jin Shiwei, Bit Technology, which faced issues leading to its IPO withdrawal [8][10]. - Bit Technology's IPO was initially accepted by the Shanghai Stock Exchange in May 2022 but was later withdrawn, and the company ceased operations within months due to significant accounts receivable issues totaling 300 million yuan [11][12]. - The company's financial practices, including a high proportion of "back-to-back" payment terms, have raised concerns about its revenue recognition and cash flow management [17][22]. Group 4: Accounts Receivable Risks - Bit Technology's accounts receivable have shown a troubling trend, with a significant increase in overdue receivables and a declining collection rate over the years [20][21]. - The company reported a low provision for bad debts compared to its peers, indicating potential risks in its accounts receivable management [22]. - Despite substantial revenue growth from 2019 to 2021, Bit Technology's operating cash flow did not align with this growth, raising further concerns about its financial health [22].

据上交所企业上市服务消息，上周(5月26日—6月1日)新增IPO申报企业9家，其中上交所主板1家，深交 所创业板2家，北交所6家。截至6月1日，今年新增IPO申报企业27家。各板块在审企业共186家。其中 上交所46家(主板26家，科创板20家)，深交所42家(主板22家，创业板20家)，北交所98家。(第一财经) ...