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]

拥有业内知名板材品牌"莫干山"的浙江升华云峰新材股份有限公司(以下简称"云峰新材")IPO(首次公开 募股)之路再生变数。 云峰新材成立于1995年，主要产品包括人造板、木地板、科技木以及衣柜、橱柜、木门等定制家居成 品。2023年3月，上交所依法受理了云峰新材首次公开发行股票并在主板上市的申请文件，同年6月，上 交所对其进行了问询，今年4月，因公司撤回申请文件，上交所决定终止对其首次公开发行股票并在主 板上市的审核。而在此前不到1个月，云峰新材及IPO中介机构连收3份监管警示，违规情况包括未说明 商标授权模式下个别经销商和OEM(原始设备制造商，俗称代工)供应商由同一自然人控制的情况等。 值得注意的是，在云峰新材的经销商中，频繁出现前员工或主要股东近亲的身影，相关经销商实木地 板、复合地板的单价明显高出均价。此外，其毛利主要来源并非核心业务，而是商标授权。报告期内的 2021年至2023年，公司商标授权费占主业毛利比例持续增长，从44%出头增长到接近50%，2023年商标 授权费毛利金额高达3.44亿元。有业内人士认为，云峰新材暴露出的内控缺陷与信披瑕疵，不仅折射出 企业自身管理短板，更触发了监管机构对其上 ...