Hangzhou XingTian Technology's IPO on the Shanghai Stock Exchange has been terminated. The company focuses on the research and development, production, sales, and services of high-end military electronic information equipment and related modules.

On August 27, the IPO review status of XingTian Electronics Technology Co., Ltd. (referred to as XingTian Technology) in Hunan was changed to terminated on the Shanghai Stock Exchange. This was due to XingTian Technology and its sponsor withdrawing their application for listing. According to relevant provisions of the "Shanghai Stock Exchange Stock Issuance and Listing Review Rules" Article 63, the Shanghai Stock Exchange terminated its review for listing. The prospectus shows that XingTian Technology is a high-tech enterprise specializing in the research, development, production, sales, and service of high-end military electronic information equipment and related modules. Their products mainly focus on independently controllable large-capacity storage devices, high-performance servers, embedded computers, and related modules, as well as customized software development and related services for customers. The company has emphasized the integration of hardware and software research since its establishment, focusing on the independent development of domestic modules, whole machines, underlying drivers, middleware, applications, and the adaptation of domestic operating systems. They cater to the needs of customers in the defense industry by providing high-performance, highly reliable, software and hardware integrated domestic information equipment through a combination of "system architecture design + hardware design + software development." In terms of large-capacity storage, XingTian Technology's independently developed RAID control module has replaced the main functions of imported RAID control chips, and a domestically produced disk array product based on this achievement has been evaluated by the China Hi-Tech Group Technology Industrialization Research Association under the supervision of the China Association for Science and Technology, placing the results at a leading level domestically. In the area of high-performance servers, the company developed 100% domestically produced high-density blade server products in 2020, achieving complete control of blade servers. In the field of embedded computers, the TTE bus adapter developed based on the TTE communication module by the company helped a certain type of missile successfully complete its first flight test in 2022, with the relevant achievements recognized as leading domestically by the China Hi-Tech Group Technology Industrialization Research Association. XingTian Technology mainly serves the informationization needs of major national defense weapons and equipment in the Rocket Force, Navy, Air Force, and other military branches, being an important supplier of key equipment for command and control, measurement and control systems in related areas. Their products have been widely used in major national defense weapons and equipment in the aerospace ground system, shipborne, airborne, vehicular, and other fields, including various models of strategic missiles, Long March carrier rockets, large ships, main fighter aircraft, radars, etc., mainly involving missile measurement and control systems, command and control systems, aviation support systems, avionics systems, electromagnetic XX systems, and other application scenarios. The company's main customers are units under major military industrial groups, and they have established good cooperation relationships with military industrial units such as Aerospace Hi-Tech Holding Group, Aerospace Science and Industry, AVIC, China CSSC, and China Electronics Technology. In terms of performance, in 2020, 2021, and 2022, XingTian Technology achieved revenues of approximately 68.09 million, 142 million, and 214 million yuan respectively, with net profits of approximately 26.785 million, 59.5838 million, and 102 million yuan respectively.