Group 1: IPO Withdrawals - Four companies withdrew their IPO applications from the Shanghai, Shenzhen, and Beijing stock exchanges during the week of April 21 to April 27, 2025 [1] - The companies include Zhejiang Shenghua Yunfeng New Material Co., Ltd., Xiamen Duyuan Outdoor Products Co., Ltd., Tangshan Tianhe Environmental Protection Technology Co., Ltd., and Xi'an Boda Software Co., Ltd. [2] Group 2: Company Profiles - Zhejiang Shenghua Yunfeng New Material Co., Ltd. specializes in the design, research and development, production, and sales of indoor decoration materials and customized home products, including artificial boards and wooden flooring [3] - Xiamen Duyuan Outdoor Products Co., Ltd. focuses on the research, design, production, and sales of RV and yacht accessories, as well as water sports products [5] - Tangshan Tianhe Environmental Protection Technology Co., Ltd. manufactures specialized equipment for coal mining and non-coal mining, including crushing and drying equipment [7] - Xi'an Boda Software Co., Ltd. provides intelligent services for multimedia digital content, focusing on software development and implementation for various industries [9] Group 3: Financial Performance and Analysis - Zhejiang Shenghua Yunfeng reported total assets of 2,468.51 million yuan and a net profit of 148.56 million yuan for the first half of 2024, with a significant increase in total assets from 1,523.54 million yuan in 2022 [4] - Xiamen Duyuan's total assets reached 302.98 million yuan in 2022, with a net profit of 70.60 million yuan, but over 80% of its revenue comes from overseas markets, making it vulnerable to international trade tensions [6] - Tangshan Tianhe's revenue for 2023 was 194.32 million yuan, with a net profit of 29.29 million yuan, but it has faced challenges in maintaining consistent profitability [8] - Xi'an Boda reported a net loss of 11.91 million yuan in 2024, with a decline in its net profit from previous years, indicating ongoing financial difficulties [10]

Summary of Key Points Core Viewpoint - Four companies have terminated their IPO review process across the Shanghai, Shenzhen, and Beijing stock exchanges, indicating potential challenges in the IPO market and regulatory scrutiny faced by these companies [1][2]. Group 1: Company-Specific Issues - Zhejiang Shenghua Yunfeng New Material Co., Ltd. (Yunfeng New Material) faced regulatory warnings prior to its IPO termination due to undisclosed control relationships between certain distributors and OEM suppliers [1][2]. - The company’s sales model includes both distributor and trademark licensing modes, with findings revealing that key distributors and OEM suppliers were controlled by the same individual [1][2]. - Xiamen Duyuan Outdoor Products Co., Ltd. (Duyuan Outdoor) withdrew its IPO application after a prolonged review period of 22 months, with its application initially accepted in June 2022 but later stalled [2][3]. Group 2: Financial Performance - Duyuan Outdoor reported revenues of 193 million, 352 million, and 310 million yuan from 2020 to 2022, with net profits of approximately 53.83 million, 75.50 million, and 70.72 million yuan respectively, indicating a decline in 2022 [3]. - The company attributed its performance decline to adverse factors such as fluctuations in the shipping market, the Russia-Ukraine conflict, and inflation [3]. - A significant portion of Duyuan Outdoor's revenue comes from international sales, with overseas sales accounting for over 82% of its main business income during the reporting period [3]. Group 3: Market and Regulatory Environment - Tianhe Environmental Technology Co., Ltd. (Tianhe Environmental) terminated its IPO review after nearly two years, with its revenue primarily derived from the coal sector, which constituted 76.74%, 87.49%, and 77.71% of its income from 2021 to 2023 [4][5]. - The company faced inquiries regarding its growth potential and market positioning in light of domestic coal policies and the dual carbon goals, indicating regulatory scrutiny on its future growth prospects [5].

中国经济网北京4月27日讯 深交所网站4月25日披露关于终止对厦门渡远户外用品股份有限公司（简称"渡远 户外"）首次公开发行股票并在创业板上市审核的决定。 请发行人：（1）说明是否存在双方签署代持协议或抽屉协议以规避纳税义务的情形，是否存在被税务部门 采取行政处罚的风险；（2）说明林豫松所持五家公司股权被冻结和解除冻结事项是否属于重要事项，是否 进行充分披露；（3）结合股权低价转让的背景、动机、具体原因，说明是否存在林豫柏为林豫松代持股份 影响发行人股份权属清晰的情形。同时，请保荐人发表明确意见。 需进一步落实事项： 无 渡远户外主要从事房车游艇配套产品和水上休闲运动产品的研发、设计、生产和销售。 截至招股说明书签署日，林锡臻直接持有渡远户外53.60%的股份，并通过连城汇力控制公司10%的股份， 合计控制公司63.60%的股份，为公司的控股股东和实际控制人。 渡远户外本次原拟在深交所创业板发行数量不超过1,000万股，按本次发行上限计算，本次发行股份占发行 后总股本的比例不低于25%；本次发行股份均为新股，不涉及公开发售老股。公司原拟募集资金46,316.80 万元，用于"水上运动用品和房车、游艇配套产品扩 ...

来源|贝多财经 2025年4月25日，深圳证券交易所披露的信息显示，厦门渡远户外用品股份有限公司（下称"渡远户外"）及其保荐人东兴证券撤回上市申请文件。因此，深 圳证券交易所决定终止对其首次公开发行股票并在创业板上市的审核。 据贝多财经了解，渡远户外于2022年6月递交招股书，准备在深圳证券交易所创业板上市。2023年4月，渡远户外首度上会，但被暂缓审议。同年6月，该公 司再次上会，并顺利通过。 天眼查App信息显示，渡远户外成立于2012年10月，前称为厦门汇力源进出口有限公司。目前，该公司的注册资本为人民币3000万元，法定代表人为林锡 臻，股东包括林锡臻、林豫柏、连城汇力等。 据招股书介绍，渡远户外主要从事房车游艇配套产品和水上休闲运动产品的研发、设计、生产和销售。其中，房车游艇配套产品主要以包括小微型水泵为 主，水上休闲运动产品主要包括皮划艇、桨板等。 2020年、2021年和2022年，渡远户外的营收分别约为1.93亿元、3.52亿元和3.10亿元，净利润分别为5302.60万元、7553.40万元和7060.24万元，扣非后净利润 分别为5145.02万元、7009.47万元和6042.17万元。 ...