--- title: "Suzhou Shuangqi has responded to the second round of inquiry letter from the Beijing Stock Exchange: National Specialized and Innovative Small Giant, focusing on the research, development, and sales of key automation equipment and supporting systems" type: "News" locale: "en" url: "https://longbridge.com/en/news/287536083.md" description: "Suzhou Shuangqi Automation Equipment Co., Ltd. has responded to the second round of inquiry letter from the Beijing Stock Exchange, mainly involving issues such as the sustainability of performance growth, the authenticity of revenue, and the fairness of related party transaction prices. The company stated that the sales of its core product, telescopic machines, have shown stable growth, with performance not significantly different from that of its peers, the revenue recognition process is reasonable, and related party transactions are normal. The company focuses on the research and development and sales of intelligent logistics equipment and has been recognized as a national high-tech enterprise" datetime: "2026-05-25T13:26:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287536083.md) - [en](https://longbridge.com/en/news/287536083.md) - [zh-HK](https://longbridge.com/zh-HK/news/287536083.md) --- # Suzhou Shuangqi has responded to the second round of inquiry letter from the Beijing Stock Exchange: National Specialized and Innovative Small Giant, focusing on the research, development, and sales of key automation equipment and supporting systems Suzhou Shuangqi Automation Equipment Co., Ltd. updated its listing application review status on the Beijing Stock Exchange on May 25. The company has responded to the second round of review inquiries, with the main issues addressed including the sustainability of performance growth and stability of customer cooperation, the authenticity of revenue and adequacy of verification, and the fairness of related party transaction pricing. Regarding the sustainability of performance growth and stability of customer cooperation, the company stated that the main driving factor for the continuous growth of its operating income and performance during the reporting period is the stable growth in sales of its core product, telescopic machines. The company's performance fluctuations do not show significant differences compared to the overall situation of industry peers, as all are in a phase of rapid growth downstream. However, the higher growth rate compared to other companies is mainly due to differences in the operational conditions, product structure, and customer structure of comparable companies, which is reasonable. The company's sales scale matches the express delivery volume of its customers and its own equipment procurement needs. Regarding the authenticity of revenue and adequacy of verification, the company indicated that due to differences in internal acceptance processes among different customers, there are certain variations in the forms of revenue recognition documents, including whether there are original documents related to rectification. This is reasonable among different customers. The company confirmed that the information on acceptance documents is consistent with the accounting records through verification, and cross-checked the acceptance document information by inspecting shipping proof logistics information, confirmation letters, on-site visits, and logging into the customers' supplier systems to view the issuer's equipment. The review process of the acceptance documents by the sponsoring institution and the reporting accountants is adequate. Regarding the fairness of related party transaction pricing, the company stated that due to the close daily contact and mutual trust between Wang Haiping and Shi Xiuhong, and based on traditional communication habits among relatives, Shi Xiuhong conveyed funding needs through her relatively familiar relative Wang Haiping, which is a normal communication method among relatives and is reasonable. The related fund transactions are unrelated to the issuer and related parties' production and operations, and there are no situations of non-operating fund occupation or benefit transfer. The company also responded to other questions one by one. According to Changbi Finance, the company is a smart logistics equipment supplier with intelligent loading and unloading equipment as its core product, mainly engaged in the research, design, manufacturing, sales, and service of key automation equipment and supporting systems in logistics loading, transportation, sorting, and other operational scenarios. The company has been recognized as a national high-tech enterprise, a national specialized and innovative "little giant" enterprise, Jiangsu Province's intelligent logistics equipment engineering technology research center, and a private technology enterprise in Jiangsu Province ## Related News & Research - [Broader impact of West Asia crisis limited: Allcargo CEO Ketan Kulkarni](https://longbridge.com/en/news/288180618.md) - [Silver Spruce Resources Inc. 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