Core Viewpoint - Wuxi Sunshine Precision Machinery Co., Ltd. has terminated its IPO application after failing to respond to the Beijing Stock Exchange's inquiry letter for six months [2][6]. Company Overview - Sunshine Precision was established in 2005 and specializes in the R&D, manufacturing, sales, and maintenance of precision spindle, main roller, arc guide rail, and precision bearings [6]. - The company aimed to raise 500 million yuan through its IPO to fund digital upgrades of production lines, relocation and expansion projects, and the construction of a research and development center [6]. Financial Performance - Revenue is projected to grow from 53 million yuan in 2020 to 396 million yuan in 2024, while net profit is expected to increase from 9 million yuan to 92 million yuan during the same period [6]. - The net profit growth rate has significantly decreased from 365.06% in 2021 to 40.73% in 2023, with a forecasted decline in 2024 [6]. Shareholding Structure - The company has faced scrutiny regarding frequent share transfers, which were highlighted in the inquiry letters from the Beijing Stock Exchange [6][7]. - The current controlling shareholders are Yang Jin and his wife Pu Minmin, who together hold 91.81% of the company's shares [7].