Yade Lin's attempt to IPO on the Shenzhen Stock Exchange has been terminated. The company specializes in the research, development, production, and sales of aluminum alloy and precision aluminum alloy components.

On August 21st, Suzhou Yadelin Co., Ltd. (referred to as Yadelin) terminated its Shenzhen Stock Exchange ChiNext IPO. This decision was made following the withdrawal of the issuance and listing application by Yadelin and its sponsor in accordance with Article 62 of the "Shenzhen Stock Exchange Stock Issuance and Listing Examination Rules (Revised in 2024)". According to the prospectus, Yadelin is a high-tech enterprise specializing in the research, production, and sales of aluminum alloy and aluminum alloy precision parts. Its product line includes aluminum alloy ingots/liquids, as well as aluminum alloy precision parts and supporting molds for downstream industries such as the automotive and industrial machinery sectors. Since its establishment, the company has focused on aluminum die-casting technology and developed and manufactured products such as precision aluminum alloy parts and supporting molds for automotive power transmission systems, suspension systems, and new energy electric vehicle systems, in response to the demands for lightweighting and energy conservation in traditional and new energy vehicles. In addition to the automotive sector, the company also has a presence in the industrial sector, with products such as aluminum alloy parts and supporting molds for industrial conveying equipment, lifting equipment, pumps, and power tools. Furthermore, the company has a complete production chain advantage and utilizes excess capacity to sell aluminum ingots/liquids to external markets. In the field of precision die-casting, Yadelin has completed the evolution of research, development, manufacturing, and sales from molds to downstream products over many years of industry exploration and technological accumulation. The company has a complete process flow of mold development, die-casting, and precision machining, continuously enhancing its overall competitiveness through research and development, process improvement, technological innovation, and fine management. In terms of sales, the company adopts a direct sales model, with customers including SAIC Group, SAIC Volkswagen, LEAPMOTOR, as well as globally renowned first-tier automotive component suppliers such as Webasto, Drr, BorgWarner, and Magna. In the industrial sector, Yadelin collaborates with Aucma Group, Konecranes, Grandcorp, and Murata to supply parts for industrial machinery and power tools. In recent years, the company has made significant progress in the field of aluminum die-casting products for new energy vehicles, leveraging its experience in research, development, and manufacturing of lightweight products for traditional vehicles to successfully produce structural components for LEAPMOTOR and Volkswagen's new energy vehicle models, both of which are now in mass production. The company has established a diversified product system that focuses on automobiles while also integrating trends in new energy development, laying a solid foundation for future business development. According to a study by MordorIntelligence, the global automotive die-casting market reached 61.05 billion USD in 2021, and is expected to further increase to nearly 87.54 billion USD by 2027. According to a report by Cinda, the market capacity of aluminum automotive die-casting parts in China was 100.94 billion RMB in 2021, with Yadelin holding a market share of 0.57%. In terms of finances, Yadelin achieved revenues of approximately 652 million, 898 million, and 1.122 billion RMB in 2020, 2021, and 2022 respectively, with corresponding net profits of 37.1224 million, 50.0188 million, and 73.4401 million RMB during the same periods.