Group 1 - The Shanghai and Shenzhen Stock Exchanges received one new IPO application last week, marking the second IPO application accepted in the second half of this year [1] - Suzhou Lianxun Instrument Co., Ltd. is the newly accepted company, applying for listing on the Sci-Tech Innovation Board with a proposed financing of 1.954 billion yuan [1] - The company specializes in the research, manufacturing, sales, and service of electronic measurement instruments and semiconductor testing equipment, with projected revenues of 214 million yuan, 276 million yuan, 789 million yuan, and 201 million yuan for the years 2022 to 2025 Q1 [1] Group 2 - The company has indicated risks of declining operating performance due to industry cycles, market fluctuations, and increased costs, which could lead to a potential drop in operating profit exceeding 50% or even losses in extreme cases [2] - Accounts receivable balances at the end of each reporting period were 896.297 million yuan, 1.36 billion yuan, 2.55 billion yuan, and 3.05 billion yuan, representing 41.81%, 49.16%, 32.28%, and 37.95% of the respective revenues [2] Group 3 - Three companies passed the IPO review during the week, including Xi'an Yiswei Material Technology Co., Ltd., which is the first unprofitable company accepted for listing after the release of new policies [3] - Two companies received IPO approval, including Marco Polo Holdings Co., Ltd., which took over two years from application acceptance to receiving the registration approval [3] - One company, Wuxi Sunshine Precision Machinery Co., Ltd., terminated its IPO review, citing high customer concentration and reliance on a single major customer as risks [4]

来源：市场资讯 （来源：企业上市法商研究） | 代码 | 873324 | 简称 | 阳光精机 | | --- | --- | --- | --- | | 公司全称 | 无锡阳光精机股份有限公司 | 受理日期 | 2023-12-29 | | 审核状态 | 终止 | 更新日期 | 2025-08-15 | | 保荐机构 | 开源证券股份有限公司 | 保荐代表人 | 郭勇,赵洛迦 | | 会计师事务所 | 中瑞诚会计师事务所 (特殊普通合伙) | 签字会计师 | 张芳,谌秀梅 | | 律师事务所 | 江苏世纪同仁律师事务所 | 签字律师 | 何诗博,王长平 | | 评估机构 | 江苏中企华中天资产评估有限公司 | 签字评估师 | 刘云飞,周雷刚 | 无锡阳光精机股份有限公司（"阳光精机"）为国家级专精特新"小巨人"企业，是一家专业从事精密主轴、主辊、弧形导轨和精密轴承等机床功能部件及其 零配件的研发设计、生产制造、销售以及维修改造服务的高新技术企业。 主轴和轴承作为一种精密基础零部件，广泛应用于光伏、风电、汽车、家电、机械等工业制造领域。 控股股东、实际控制人 杨锦持有公司3,003万股股份，持股比例为83.5 ...

Core Viewpoint - The Beijing Stock Exchange has decided to terminate the review of Wuxi Sunshine Precision Machinery Co., Ltd.'s application for public stock issuance and listing [1][2]. Company Overview - Sunshine Precision Machinery specializes in the research, design, production, sales, and maintenance of precision spindle, main roller, arc guide rail, and precision bearing components [2]. - The controlling shareholders are Yang Jin and Pu Minmin, who together hold 91.81% of the company's shares [2]. Initial Public Offering (IPO) Details - The initial number of shares intended for issuance was up to 8.8 million, with a potential additional 1.32 million shares if the overallotment option was fully exercised, bringing the total to 10.12 million shares [3]. - The company aimed to raise 500 million yuan, which was planned for the construction of a high-end equipment precision core component production base and to supplement working capital [3][4]. Project Investment Breakdown - Total planned investment for the high-end equipment precision core component production base is approximately 671.946 million yuan, with 500 million yuan expected to be raised from the IPO [4]. - Specific projects include: - Digital transformation of the production line with an investment of 400.15586 million yuan, expecting to allocate 300 million yuan from the raised funds [4]. - R&D center construction with an investment of 145.3874 million yuan, expecting to allocate 75 million yuan from the raised funds [4]. - Supplementing working capital with an allocation of 125 million yuan from the raised funds [4].