CY Electronics IPO terminated. Products have entered the supply chain system of clients such as BYD Company Limited and Contemporary Amperex Technology.

On November 7, Guangzhou Zhiyuan Electronics Co., Ltd. (referred to as Zhiyuan Electronics) terminated its IPO on the ChiNext Board of the Shenzhen Stock Exchange. This decision was made as Zhiyuan Electronics and the sponsor withdrew their application for listing. According to Article 62 of the "Shenzhen Stock Exchange Stock Issue and Listing Review Rules (Revised in 2024)," the ChiNext Board decided to terminate the review for its listing. The prospectus shows that Zhiyuan Electronics is an industrial intelligent Internet of Things enterprise engaged in the research and development, production, and sales of embedded boards and modules, CAN-bus communication products, testing and measuring instruments, among other products. Its products are mainly targeted at customers in the fields of new energy vehicles, photovoltaic energy storage, intelligent manufacturing, and medical equipment. The company is a national-level "specialized, refined, peculiar, and new" small giant enterprise. Zhiyuan Electronics' product line of embedded boards and modules includes signal isolation products, communication products, power products, core boards, industrial control computers, sensor products, among others. The products are primarily in the form of boards and modules, integrated into customers' products and equipment, providing capabilities in data acquisition, power management, data communication, edge computing, etc. The CAN-bus communication product line includes CAN bus interface products, CAN bus data loggers, CAN bus analyzers, Ethernet interface products, etc. The company's CAN FD bus interface cards, CAN bus analyzers, power analyzers, oscilloscope recorders, and other CAN-bus communication products, testing and measuring instruments have gradually broken the monopoly of foreign manufacturers and have started to replace imports from overseas. In terms of sales, the company adopts a sales model with direct sales and distribution as the main channels, supplemented by e-commerce. Currently, the company's products have entered the supply chain systems of well-known industry customers such as BYD Company Limited, Contemporary Amperex Technology, Sungrow Power Supply, Tiandi Science & Technology, Jiangsu Yuyue Medical Equipment & Supply, achieving long-term and good cooperation with downstream customers. The company planned to publicly issue a maximum of 20 million RMB ordinary shares to the public, with the funds raised to be invested in the following projects after deducting issuance expenses: Financially, in the fiscal years 2021, 2022, and 2023, Zhiyuan Electronics achieved revenues of approximately 415 million, 485 million, and 477 million RMB respectively, with net profits of approximately 126 million, 158 million, and 121 million RMB during the same periods.