Youyeyunshang's Shenzhen Stock Exchange IPO has been terminated. The platform integrates trading, logistics, and other services for the steel industry on the Internet.

On July 10th, Ouye Yunshang Co., Ltd. (referred to as Ouye Yunshang) had its IPO review status changed to terminated by the Shenzhen Stock Exchange. This decision was made because Ouye Yunshang and the sponsor withdrew their application for initial public offering (IPO), in accordance with the "Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (2024 Revision)" Article 62. According to the prospectus, Ouye Yunshang is dedicated to building an integrated steel industry internet platform that combines trading, logistics, processing, knowledge, data, and technology services. During the reporting period, the company's main business consisted of four major categories: internet services, internet trading, logistics services, and other trading and services. Ouye Yunshang utilizes new-generation modern information technologies such as the internet, the Internet of Things (IoT), and blockchain to integrate trading, warehousing, transportation, port, processing, and other service resources. The company provides a comprehensive one-stop service for partners in the steel industry chain, including steel mills, end users, trade service providers, warehousing service providers, carriers, and processing centers, focusing on trading services as the entry point, logistics services as the foundation, knowledge services as the value-added means, and data and information technology applications as the core capability, in order to improve the efficiency of steel trading, transportation, warehousing, delivery, and after-sales services. In terms of innovative models targeting the upstream production end, Ouye Yunshang has already achieved system integration with the production, sales, and logistics systems of over 30 upstream steel mills. Through interconnection, data analysis, and application optimization, the company assists steel mills in resource management, contract management, member management, channel management, and guides them to optimize production scheduling and improve resource allocation efficiency. Additionally, by establishing data and information exchange with steel mills and end users, Ouye Yunshang enables steel mills to predict market demand, optimize production capacity allocation and scheduling based on real-time feedback of end-user demand data from the industry internet platform, thereby enhancing manufacturing efficiency, reducing manufacturing costs, and improving the operational quality of steel mills. Financially, Ouye Yunshang achieved revenues of approximately 55.984 billion, 74.772 billion, 126.669 billion, and 56.608 billion RMB in 2019, 2020, 2021, and January-June 2022, respectively. Net profits were approximately 67.1496 million, 298 million, 486 million, and 227 million RMB for the corresponding periods.