Core Insights - Shanghai Suyuan Hydraulic Co., Ltd. has recently been established with a registered capital of 50,000 RMB [1] Company Overview - The legal representative of the company is Shan Rui [1] - The company's business scope includes sales of hydraulic power machinery and components, pneumatic components and systems, agricultural machinery, special equipment, and various mechanical equipment [1] - The company is also involved in internet sales (excluding items requiring licenses), import and export agency, and technical services [1] Business Activities - The company engages in the sale of pumps and vacuum equipment, mechanical parts, machine tool components, bearings, gears, and transmission components [1] - It provides industrial design services, information consulting services (excluding licensed consulting), and technology development and transfer [1] - The company is authorized to conduct general equipment repair and specialized equipment repair [1]

Core Points - Nantong Dongyun Hydraulic Machinery Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Huang Xiongrong [1] Business Scope - The company is engaged in the manufacturing and sales of hydraulic power machinery and components [1] - It also manufactures and sells hydraulic and pneumatic sealing components and systems [1] - The business includes the manufacturing and sales of rubber processing specialized equipment [1] - General equipment manufacturing (excluding special equipment) and sales are part of the company's operations [1] - The company provides general equipment repair services [1] - Technical services, development, consulting, exchange, transfer, and promotion are included in its offerings [1] - Information technology consulting services and internet sales (excluding items requiring licenses) are also part of the business scope [1]

Core Viewpoint - The introduction of the "Technology Equity Loan" financing model in Zhaoqing City aims to enhance financial support for the transformation and application of technological achievements, particularly through patent (technology) equity participation [1][2]. Group 1: Financing Model - The "Technology Equity Loan" model combines "technology equity participation + intellectual property pledge financing," encouraging banks to issue loans based on the value of intellectual property as assessed through equity transfer [1][2]. - This model effectively integrates equity and debt financing for technology-based enterprises, allowing technology elements to be treated as capital assets that can be priced and appreciated [1]. Group 2: Implementation and Support - The Zhaoqing Market Supervision Administration and the People's Bank of China Zhaoqing Branch have established a directory of 37 technology equity enterprises to facilitate the provision of "Technology Equity Loan" services [2]. - The Industrial and Commercial Bank of China Zhaoqing Branch successfully provided a loan of 6 million yuan to Guangdong Nanxi Hydraulic Machinery Co., Ltd., which utilized a 25.4% equity stake in a patent for hydraulic cylinder positioning clamping devices as collateral [2]. Group 3: Future Plans - The Zhaoqing authorities plan to continue promoting the "Technology Equity Loan" and innovate additional financing models for the transformation of patents and other intellectual property achievements, fostering a positive cycle among technology, industry, and finance [3].

文/梧桐兄弟 12月27日，深圳证券交易所公布对西南证券、立信会计师事务所（特殊普通合伙）采取书面警示的监管函，对申报创业板IPO的浙江海宏液压科技股份有限公司及 相关当事人、西南证券2名保代、立信所2名会计师给予通报批评处分的决定。浙江海宏液压科技股份有限公司IPO已终止。2家机构分别是发行人IPO的保荐机构、 审计机构。 据监管函描述，西南证券在担任项目保荐人过程中，存在以下违规行为： 2023年6月20日，本所受理了浙江海宏液压科技股份有限公司（以下简称发行人）首次公开发行股票并在创业板上市的申请。经查，西南证券股份有限公司（以 下简称西南证券）在担任项目保荐人过程中，存在以下违规行为： 一、未对发行人研发投入、生产成本核算相关事项予以充分核查 本所现场督导发现， 一是发行人将生产相关的生产部、物控制造部等部门部分员工的薪酬计入研发费用，导致报告期内研发费用核算不准确。发行人在问询回 复中称其"不存在将正常生产成本支出与研发支出混同的情形"与实际情况不符。 二是发行人对多路阀产品的实际单位成本低于物料清单（BOM）成本合理性的 解释说明的客观证据不足。保荐人未对上述研发投入、生产成本核算异常情形予以充分 ...