Zhongqing Changtai's IPO on the Shanghai Stock Exchange has been terminated, focusing on the research, development, and sales of intelligent manufacturing and intelligent warehouse logistics systems.

On September 24th, Zhongqing Changtai (Changsha) Intelligent Technology Co., Ltd. (referred to as Zhongqing Changtai) had its IPO review status at the Shanghai Stock Exchange changed to terminated. The IPO review was terminated because Zhongqing Changtai and its sponsor withdrew their application for listing. According to the relevant provisions of the Shanghai Stock Exchange Stock Issuance and Listing Review Rules, the IPO review was terminated. The prospectus shows that Zhongqing Changtai is a global high-quality supplier in the field of integrated intelligent manufacturing and intelligent warehousing logistics, covering machinery, electronics, instruments, software, and digital technology. The company focuses on the research, development, design, manufacturing, sales, and service of intelligent manufacturing systems and intelligent warehousing logistics systems, providing customers with system planning, solution design, simulation and emulation, equipment manufacturing, software development, system integration, installation and commissioning, and after-sales service for processes such as raw material processing, production manufacturing, finished goods warehousing, sorting and distribution, and automated loading and unloading of goods. During its over twenty years of development, the company has continuously achieved breakthroughs in product and technology. In terms of products, the company has independently developed several core conveyor and packaging equipment, breaking the reliance on imports for high-end equipment in the domestic papermaking finishing section. The "Multi-station Fully Automatic Paper Roll Packaging Machine BZ-3" and "900 Sheet Type Automatic Sheet Paper Packaging Machine" have been recognized as key new national products, while the "Flat Paper Packaging System" and "Pulp Board Packaging Production Line" have been included in the national Torch Program. The company's sales model mainly involves direct sales to end customers, while also cooperating with general contractors and traders. During the reporting period, the company's key customers included Jinguang Group APP, Shandong Sun Holdings Group Co., Ltd., Taisheng Group, ND PAPER, Jinying Group, and others. In terms of performance, in 2020, 2021, and 2022, Zhongqing Changtai achieved operating income of 423 million, 497 million, and 600 million yuan, respectively. During the same period, the net profits were approximately 50.5997 million, 48.3463 million, and 63.4965 million yuan, respectively.