Group 1: IPO Guidance and Companies - Two companies, Yangteng Innovation and Suzhou Kerun New Materials, have recently filed for IPO guidance with the China Securities Regulatory Commission [1][6] - Yangteng Innovation focuses on cross-border trade of automotive parts and has attracted investments from notable firms such as Shunwei Capital, Tencent Investment, and Hillhouse Capital [1][4] - Suzhou Kerun New Materials, which specializes in perfluorinated ion exchange membranes, has received backing from investors including Legend Holdings and Sequoia China, with a valuation nearing 3 billion yuan [1][6][10] Group 2: Company Profiles - Yangteng Innovation, headquartered in Fuzhou, has a registered capital of 360 million yuan and operates subsidiaries in multiple countries, managing nearly 100,000 auto parts [4][5] - The company has shifted its business model from B2B to a direct-to-consumer approach through platforms like Amazon and eBay, covering over 500 product categories under three main brands [4][5] - Suzhou Kerun New Materials, founded in 2019, has a registered capital of 406 million yuan and is recognized for its extensive experience in the research and manufacturing of ion exchange membranes [7][9] - The company has established long-term partnerships with various firms and exports products to developed countries, providing over 90% of the domestic market for perfluorinated ion exchange membranes [8][10]