Hong'an Machinery's IPO on the Shenzhen Stock Exchange has been terminated. The company is mainly engaged in the research and development, design, manufacturing, and sales of intelligent logistics technology equipment.

On August 23, Suzhou Hong'an Machinery Co., Ltd. (referred to as Hong'an Machinery) terminated its IPO on the ChiNext board of the Shenzhen Stock Exchange. The IPO was terminated because Hong'an Machinery and its sponsor withdrew the application for listing. According to Article 62 of the Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (Revised in 2024), the Shenzhen Stock Exchange decided to terminate its review for listing. The prospectus shows that Hong'an Machinery is mainly engaged in the research and development, design, manufacturing, and sales of intelligent logistics technology equipment, and provides specialized project implementation and operation and maintenance services. With nearly twenty years of technological accumulation and business development, the company has become a well-known equipment and service provider in industries such as e-commerce, clean factories, food and beverage, pharmaceuticals and chemicals, clothing and tobacco, and new energy. The intelligent logistics technology equipment provided by Hong'an Machinery integrates software control, intelligent scheduling, Internet of Things, perception recognition, location navigation, and mechanical design technologies. It is a high-end intelligent equipment that combines information technology, electronic control technology, and mechanical structure, and serves the automation, intelligence, and digitalization construction of modern factories and warehouse logistics centers. The intelligent logistics technology mastered by the company controls equipment to complete actions such as separation, merging, picking, handling, transportation, lifting, lowering, and storage, achieving intelligent scheduling, loading and unloading, stacking, handling, and sorting of materials, effectively improving the production and logistics transportation efficiency of users, and reducing land and labor costs. Meanwhile, with long-term business cooperation with Dafu Group, the company has established a perfect service system and a professional service team to timely respond to the needs of users, provide installation, commissioning, operation and maintenance services for equipment, ensure the on-time delivery and acceptance of intelligent logistics technology equipment, and long-term stable operation. As a high-tech enterprise in the field of intelligent logistics technology equipment, Hong'an Machinery has delivered thousands of projects through docking with end customers and integrators. In the field of clean factories, the company's products have been applied in LCD panel production factories such as Huaxing Optoelectronics T1, T2, T3, T4, T5, T7, T9, M6, M7, and have won the "Excellent Quality Award" from Huaxing Optoelectronics. At the same time, the company provides project implementation and operation and maintenance services for LCD panel clean factories of Jingdongfang, Huaxing Optoelectronics, Huikong, Shenzhen Tianma, as well as semiconductor clean factories of Hailishi, Samsung, HUA HONG SEMI, Changxin Storage, etc.; in the field of e-commerce and new retail, the company provides products and services for over 600 stores of Hema Fresh and Walmart; In addition, the products and services provided by the company have been applied in the food and beverage industry represented by PepsiCo, Foshan Haitian Flavouring and Food, Wuliangye Yibin, the pharmaceutical and chemical industry represented by AstraZeneca and Sinopec, the clothing and tobacco industry represented by Hla Group Corp., Adidas, Nike, and Lianqun, and the new energy industry represented by Contemporary Amperex Technology, actively expanding to industries such as semiconductors and photovoltaics. Financially, in the fiscal years 2019, 2020, 2021, and January-June 2022, Hong'an Machinery achieved revenues of approximately 415 million, 423 million, 513 million, and 192 million RMB respectively, with net profits of 65.2968 million, 72.5534 million, 79.2637 million, and 9.0885 million RMB during the same period.