later, the Beijing Stock Exchange announced on July 8 that it would terminate the audit of the public offering and listing of Zhejiang Jingyang Electrical and Mechanical Co., Ltd. It is understood that the IPO was previously accepted in December 2023 and received inquiries from the Beijing Stock Exchange in January 2024.
It is worth noting that Jingyang Mechatronics IPO has experienced three applications for suspension of audit before. In September
2024, Jingyang Mechatronics submitted an application for suspension of audit to Beijing Stock Exchange due to the expiration of the financial data quoted in the listing application documents of the Company;
in January 2025, Jingyang Mechatronics submitted an application for suspension of audit again due to the need for further verification of special matters by the Company and relevant intermediaries; In April
2025, due to the expiration of the company's financial report and the need for supplementary audit, Jingyang Mechatronics again submitted an application for suspension of the audit to the Beijiao Stock Exchange. According to
public information, Jingyang Mechatronics, founded in 2017, is a high-tech enterprise specializing in the research and development, production and sales of crystalline silicon growth equipment in the photovoltaic industry . The company plans to raise 166 million yuan for the IPO, which is planned to be used for 300 new photovoltaic monocrystalline silicon growth furnace construction projects, R & D center construction projects and supplementary liquidity .