Ye Long Co., Ltd.'s IPO on the Shanghai Stock Exchange main board has been "terminated." The main customers are globally renowned turbocharger assembly and parts manufacturers Garrett and BorgWarner.

On May 8th, Wuxi Yelong Precision Machinery Co., Ltd. (referred to as Yelong Shares) had its IPO review status on the Shanghai Stock Exchange main board changed to "terminated". Due to Yelong Shares and its sponsor withdrawing the application for issuance and listing, in accordance with relevant provisions of the "Shanghai Stock Exchange Rules for the Review of Stock Issuance and Listing" Article 63, the Shanghai Stock Exchange terminated the review for its issuance and listing. According to the prospectus, Yelong Shares is mainly engaged in the research and development, production, and sales of key components for automotive turbochargers, with main products including turbocharger housings and precision components. After many years of development, the company's main customers are global well-known turbocharger manufacturers such as Garrett, BorgWarner, Continental/Veyron Technology, Cummins, etc. The company is committed to providing high-quality key component products for automotive turbocharger manufacturers, and has established a stable procurement, production, and sales model based on years of accumulated technical advantages, management strengths, and customer advantages, especially in the field of high-performance, new material turbocharger housings, forming a strong industry competitiveness. Currently, the company has become one of the professional suppliers of key components for global turbochargers. Key products of Yelong Shares include: 1. Turbocharger housing products The company's various types of turbocharger housing products can be assembled on turbochargers from different manufacturers and models, with a wide range of categories. Turbochargers are mainly used in gasoline and diesel engines, with advantages such as improving engine power, energy saving, and environmental protection. 2. Precision components for turbocharger housings Other turbocharger components produced by Yelong Shares are mainly precision components for turbocharger housings, which are important components for the assembly of turbocharger housings, mainly used to achieve closed-loop pressure reduction protection, connecting turbocharger components, and other important functions, with characteristics such as high precision, high temperature resistance, oxidation resistance, and wear resistance. After many years of development, the company has matured in the production and processing of precision components for turbocharger housings, with a complete product development process and a professional technical development team, gradually developing from simple production and processing to front-end research and design, continuously improving product processing solutions. In terms of finances, in the years 2020, 2021, and 2022, Yelong Shares achieved operating revenues of approximately RMB 1.082 billion, RMB 1.177 billion, and RMB 1.103 billion respectively; and net profits of approximately RMB 103 million, RMB 108 million, and RMB 103 million respectively during the same period.