Jiangsu Yongcheng's GEM IPO "terminated (withdrawn)". The company specializes in the field of interior and exterior parts for passenger vehicles.

On January 11th, Jiangsu Yongcheng Auto Parts Co., Ltd. (referred to as Jiangsu Yongcheng) terminated its IPO on the Shenzhen Stock Exchange ChiNext board. The IPO was terminated because Jiangsu Yongcheng and the sponsor withdrew their application for listing, in accordance with Article 62 of the "Shenzhen Stock Exchange Stock Issue and Listing Review Rules". According to the prospectus, the company is mainly engaged in the design, research and development, production, and sales of automobile interior and exterior trim parts, including bumper assemblies, dashboard assemblies, door guard panel assemblies, exterior side covers, etc. The company focuses on the field of interior and exterior trim parts for passenger cars, serving as a comprehensive service provider in the automobile interior and exterior trim parts field, offering customers solutions throughout the entire life cycle such as styling design, synchronous development, mold development and control, product manufacturing, system integration, after-sales service, and upgrade solutions. The company's products are characterized by high quality, high innovation, diversity, and a wide range of product categories. The company has long been focused on the field of automobile interior and exterior trim, focusing on market demand and technological advancement as the guiding principles for research and development. Through continuous independent technological development and the introduction of advanced technology, the company continuously enhances its technical capabilities in synchronous development, mold control, and product quality inspection. As a first-tier supplier of interior and exterior trim parts for many passenger car manufacturers, the company has established long-term stable cooperation relationships with domestic well-known automobile manufacturers such as BYD Company Limited, Chery Automobile, Xiaopeng Automobile, SAIC Motor Corporation, BAIC Group, etc., and has gained high recognition from customers due to its excellent product design, quality control, supply assurance, and after-sales service capabilities. The funds raised from this initial public offering of shares, after deducting issuance expenses, will be used for the following purposes: Financially, in 2022, 2021, and 2020, the company generated revenues of approximately 726.72 million yuan, 549.79 million yuan, and 388.92 million yuan respectively. During the same period, the company's net profits were approximately 66.89 million yuan, 50.60 million yuan, and 22.41 million yuan respectively.