What happened to Rizhao Xingye in 2022?

The performance of Rizhao Xingye Auto Parts Co., Ltd. (hereinafter referred to as "Xingye Auto Parts") cannot hide the dilemma of decline, and the net profit of 202 1 showed negative growth. In addition, the asset-liability ratio of Xingye Auto Parts is higher than the average level of the same industry, and the interest expense of 202 1 "swallowed up" more than 30% of the profits. It is worth noting that Xingye Auto Parts purchased more than 20 million yuan from a "zero-person" supplier, and the authenticity of its transaction may be tortured. Not only that, the number of patents for industrial auto parts is backward, and it is suspected of "surprise" patent application on the eve of listing.