Yelong Co., Ltd. “terminated” its main board IPO on the Shanghai Stock Exchange. The main customers were world-renowned turbocharger manufacturers and parts manufacturers such as Garrett and BorgWarner

The Zhitong Finance App learned that on May 8, the IPO review status of the main board of the Shanghai Stock Exchange of Wuxi Yelong Precision Machinery Co., Ltd. (abbreviation: Yelong Co., Ltd.) changed to “terminated”. Due to the withdrawal of the issuance and listing application of Yelong Co., Ltd. and its sponsor, the Shanghai Stock Exchange terminated its issuance and listing review in accordance with the relevant provisions of Article 63 of the “Shanghai Stock Exchange Stock Issuance and Listing Review Rules”.

According to the prospectus, Yelong Co., Ltd. is mainly engaged in R&D, production and sales of key components for automobile turbochargers. Its main products include turbine housings and supporting precision components. After years of development, the company's main customers are world-renowned turbocharger manufacturers such as Garrett (Garrett), BorgWarner (BorgWarner), Continental (Continental/Weipai), and Cummins (Cummins).

The company is committed to providing high-quality key component products for automobile turbocharger manufacturers. Relying on technical advantages, management advantages and customer advantages accumulated over many years, the company has established a stable procurement, production and sales model. In particular, it has developed strong industry competitiveness in the field of high-performance, new material turbine shell products. At present, the company has become one of the world's professional suppliers of key components for turbochargers.

The main products of Yelong Co., Ltd. are as follows:

1. Turbine shell product situation

The company's various types of turbine shell products can be assembled with different manufacturers and different types of turbochargers. Overall, there are many categories. Turbochargers are mainly used in gasoline and diesel engines, and have the advantages of improving engine power, energy efficiency, and environmental protection.

2. Status of precision parts supporting turbine housings

Other turbocharger parts produced by Yelong Co., Ltd. are mainly precision parts for turbine shells. They are important components for turbocharger shell assembly. They are mainly used to achieve important functions such as closed feedback loop decompression protection and connection to turbocharger components, and have characteristics such as high accuracy, high temperature resistance, oxidation resistance, and wear resistance. After years of development, the company has mature experience in the production and processing of precision parts for turbine housings, perfect product development processes and a professional technical development team, and has gradually evolved from simple production and processing to front-end R&D, design and continuous improvement of product processing solutions.

On the financial side, in 2020, 2021, and 2022, Yelong Co., Ltd. achieved operating income of approximately RMB 1,082 billion, RMB 1,177 million, and RMB 1,103 billion respectively; net profit for the same period was approximately RMB 103 million, RMB 108 million, and RMB 103 million, respectively.