RIKEN Corporation's IPO on the Shanghai Stock Exchange has been terminated. The company is primarily engaged in the research, development, production, and sales of key automotive forged parts.

On August 26, Jiangsu Lianyuan Technology Co., Ltd. (referred to as Lianyuan Technology) terminated its IPO on the Shanghai Stock Exchange main board. This was due to Jiangsu Lianyuan Technology Co., Ltd. and its sponsor Sinolink Co., Ltd. withdrawing their application for listing, leading to the termination of the company's IPO review on the main board by the Shanghai Stock Exchange. According to the prospectus, Lianyuan Technology mainly engages in the research, production, and sales of key automotive precision forging parts. After nearly twenty years of development, the company has gradually formed a core business focusing on automotive transmission shaft components forging, and has expanded into fuel injection system components, new energy vehicle gearbox components, differential components, and thermal management components forging. Additionally, the company also researches and produces some engineering machinery forging products. Currently, the company has established long-term stable cooperation with well-known automotive component suppliers such as BorgWarner, GKN, Eaton, Bosch, among others. The company has a variety of product types, with a focus on the development and manufacturing of core components in automotive transmission systems. Lianyuan Technology has relatively advanced production technology and manufacturing processes in areas such as cold forging, warm forging, hot forging, mold design, machining, and heat treatment. Their products like bell housings, bushings, tripod joints, star hubs, axle heads, etc. have strong competitiveness in the market for similar products. Over the years, the domestic automotive precision forging industry where the issuer operates has made significant progress. Presently, in the field of automotive precision forging components, the main competitors of the issuer include Desifuoge Automotive Components Group, Jiangsu Senwei Precision Forging Co., Ltd., Jiangsu Pacific Precision Forging Co., Ltd., and Wuhu Sanlian Forging Co., Ltd. Financially, in the years 2020, 2021, and 2022, Lianyuan Technology achieved revenues of approximately 575 million, 728 million, and 763 million RMB respectively, with net profits of 61.85 million, 74.67 million, and 84.13 million RMB during the same period.