Providing services related to the agricultural sector, Top Cloud Farming (stock code: 301556.SZ) is planning to make an initial public offering of 21.32 million shares.

Top Cloud Agriculture (301556.SZ) disclosed its IPO prospectus, with plans to publicly issue 21.32 million shares for the first time. The preliminary inquiry date is September 26, 2024, and the subscription date is October 8, 2024. According to the announcement, the company integrates new generation information technologies such as Internet of Things, artificial intelligence, and big data with agriculture. It mainly provides comprehensive services through the layout of intelligent hardware devices, the construction of agricultural Internet of Things projects, and the establishment of information software platform projects. The services aim to provide data collection, analysis, decision-making, precise execution, and scientific management services to government departments, enterprises, research institutions, etc. in the agricultural field, thereby helping to realize the innovation and development of government supervision service informatization transformation, research digital innovation, and intelligent application of agricultural industry. The net profit attributable to the owners of the parent company from 2021 to 2023 was 72.5133 million yuan, 92.6831 million yuan, and 115 million yuan. In addition, the funds raised from this public offering of shares will be invested in the Jiangsu Nonghua Intelligent Agriculture Technology platform upgrade project, the Jiangsu Nonghua Intelligent Agriculture Technology intelligent equipment manufacturing base project, and the research and development center upgrade project. A total of 286 million yuan is planned to be invested using the funds raised.