According to the Shanghai Stock Exchange official website, on September 30, the IPO review status of 11 companies was updated to "Suspended (Financial Report Update)." These companies include Xiahe Technology, Kangbaijia, Ilante, Wotian Technology, Xinmai Machinery, Shenghuabo, Changlong Airlines, Jinlianjie, Renben Co., Ltd., Dianjian Xinneng, and Hualong Securities.
According to the prospectus, Xiahe Technology's main business is the research, development, production, and sales of OLED organic terminal materials, primarily doping materials. Currently, the company has successfully mass-produced multiple OLED doping materials with independent intellectual property rights. Among them, the light-emitting layer materials include green light doping materials (GD) and red light doping materials (RD), while the charge generation layer and hole injection layer materials are P-type conductive doping materials (PD). In addition, the company has a small amount of business in light-emitting layer red light host materials (RH) and green light host materials (GH).
Kangbaijia is a leading cross-regional pharmaceutical retail chain group in the Fujian, Zhejiang, and Jiangxi region, firmly ranking among the top in terms of the scale of direct-operated pharmacies nationwide. As of December 31, 2025, Kangbaijia has owned more than 2,400 directly operated chain stores.
Ilante is a global leader in the manufacturing of large ring forgings. Its main products include flange forgings, gear ring forgings, construction machinery forgings, heavy energy equipment forgings, and wear-resistant materials. It possesses globally leading super-large ring rolling equipment, capable of producing seamless integral ring forgings with a maximum weight of 300 tons, a maximum diameter of over 21 meters, and a maximum height of 5 meters. Its equipment and processing capabilities in the field of wind power ring forgings rank first globally.
Wotian Technology focuses on the research and development, design, production, and sales of high-performance MEMS pressure sensors and related products. It is one of the few domestic enterprises to achieve full-process vertical integration in the MEMS pressure sensor business, with a product line covering MEMS pressure sensor cores, transmitters, and more.
Xinmai Machinery integrates the research and development, production, sales, and service of commercial baking equipment. The equipment it produces is used in the full production process of various baked goods such as bread, toast, cakes, cookies, pizza, and pastries. The company's downstream customers include major supermarkets such as Walmart, RT-Mart, Yonghui, and Pangdonglai; Chinese-style trendy pastry brands such as Luxihe, Zhanji, and Bao Shifu; well-known national chain brands such as Taoli, Holiland, and Youhe; as well as global restaurant chains such as Pizza Hut and Saizeriya.
Shenghuabo is committed to becoming a globally leading comprehensive solution provider in the field of automotive intelligent motors. It is mainly engaged in the research and development, production, and sales of automotive components such as wiper assemblies, seat motors, and body intelligent motors. According to QYResearch statistics, the company's wiper assembly sales have ranked first in China for six consecutive years, and its seat motor sales have ranked first globally for five consecutive years, with the market share of these two core products in a leading position in the industry.
Changlong Airlines is the only comprehensive public air transport company for both passengers and cargo with Hangzhou Xiaoshan International Airport as its main base. The company is mainly engaged in domestic, Hong Kong, Macao, Taiwan, and international air passenger and cargo transport business, as well as services related to air transport business. As of the end of 2025, the company operated a total of 135 passenger routes.
Jinlianjie is a globally renowned provider of micro-precision parts. It currently mainly provides core parts to major domestic and international chip testing consumable manufacturers such as Smiths Interconnect, Yokowo, Yamaichi, Taosheng Technology, and Helin Micro-Nano. Its products are ultimately used in the testing processes of high-end chips such as GPUs, CPUs, and ASICs for major domestic and international chip manufacturers, making it an important part of the global high-end chip supply chain system.
Renben Co., Ltd. is mainly engaged in the research and development, production, and sales of bearings and related products. It is the largest and most comprehensive bearing manufacturing group in China in terms of scale and product variety. The company's bearing products come in more than 50,000 models and specifications, widely used in many important areas of the national economy, including the automotive industry, light industrial machinery, heavy machinery, and major equipment.
Dianjian Xinneng's main business is the development, investment, operation, and management of wind and solar power generation projects within China. Its main products are electricity. As of the end of the reporting period, the company's controlled power generation projects had an installed capacity of 25,229.6 MW, including 10,840.6 MW of wind power projects and 14,389.1 MW of solar power projects.
Hualong Securities is a comprehensive, full-license securities operating institution organized and established by the Gansu Provincial People's Government and approved by the China Securities Regulatory Commission. After years of development, as of the end of June 2022, the company had established 18 branch offices and 79 securities business departments in Beijing, Shenzhen, Chongqing, Zhejiang, Sichuan, Jiangsu, Fujian, Shandong, Jiangxi, Shaanxi, Hunan, Inner Mongolia, Xinjiang, and various cities within Gansu Province.