Core Viewpoint - The IPO application of Guangdong Zhengyang Sensor Technology Co., Ltd. has been terminated due to the withdrawal of the application by the company and its sponsor [1][4]. Company Overview - Guangdong Zhengyang Sensor Technology Co., Ltd. focuses on innovation in the automotive electronics and key components sector, participating in global market competition as a supplier of automotive parts and assemblies [2]. - The company specializes in the research, production, and sales of various sensors related to SCR post-treatment, urea tank assemblies, and related components, boasting a vertically integrated product system [2][3]. Market Position - Zhengyang Technology's main products are widely used in road vehicles, non-road mobile machinery, and marine applications, with over 100 major global OEMs as clients, including Daimler, Volvo, and Caterpillar [3]. - The company has established production bases or subsidiaries in China, the USA, Mexico, the Netherlands, India, and Thailand, enabling localized service for major regional customers [3]. - Zhengyang Technology holds a leading market position in the SCR post-treatment sector, with a domestic market share exceeding 50% for its core product, urea sensors, for nine consecutive years from 2015 to 2023 [3]. Financial Performance - The company reported revenues of 1.929 billion yuan, 2.299 billion yuan, and 1.673 billion yuan for the years 2022, 2023, and the first three quarters of 2024, respectively, with net profits of 187 million yuan, 196 million yuan, and 157 million yuan [4]. - Zhengyang Technology faces risks of declining operating performance due to factors such as the early depletion of demand for heavy trucks, negative growth in domestic freight volume, and fluctuations in raw material prices [4]. IPO Process - The IPO application was accepted on June 28, 2023, with an initial fundraising target of 1.2 billion yuan for various projects, including relocation, technological upgrades, and working capital [4]. - The company underwent two rounds of inquiries from the review process but ultimately withdrew its application without disclosing responses to the second round of inquiries [4].