未来材料IPO:交易所问询实控人变更真实性,新增大客户负责人与东岳集团高管同名,引发隐形关联质疑

新经济IPO
Dec 04, 2025

撰文:毕峰;编辑:李力前后三次辅导之后,未来材料终于迈上了科创板的闯关之路。然而,公司却在IPO的临门一脚出现了营收、净利润以及毛利率同比大幅下滑的尴尬。报告期内,公司新品因质量不稳定导致大量产品被退货的问题,这也引发了外界对其品控能力的质疑。除了经营业绩大幅波动之外,未来材料在供销两端均严重依赖于关联方,更存在利用关联销售来美化业绩的嫌疑。交易所问询实控人变更真实性几经波折之后,有着“氢能第一膜...

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