Xinxinteng's IPO on the ChiNext board of the Shenzhen Stock Exchange has been terminated. The company focuses on intelligent manufacturing equipment.

On November 14, Shenzhen Xinxin Teng Technology Co., Ltd. (referred to as Xinxin Teng) terminated its IPO on the Shenzhen Stock Exchange ChiNext board. This decision was made because Xinxin Teng and the sponsor withdrew their application for listing. In accordance with the "Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (2024 Revision)" Article 62, the Shenzhen Stock Exchange decided to terminate the review for its IPO. The prospectus shows that Xinxin Teng has been deeply involved in the field of intelligent manufacturing equipment for many years and is a high-tech enterprise focused on the research, design, production, and sales of industrial automation and intelligent equipment. The company's core products mainly include machine testing equipment, module testing equipment, assembly and packaging equipment, and line automation equipment, which are mainly used in areas such as consumer electronics, automotive electronics, new energy, and semiconductors. They are committed to helping customers achieve key transformation and upgrading in the production automation, intelligent production line, and "unmanned factory" sectors. Currently, important customers served by the company include global renowned consumer electronics brands such as Xiaomi, Samsung, Huawei, Honor, vivo, OPPO, Amazon, Lenovo, and Transsion, as well as leading ODM companies such as Wingtech Technology, Huaqin Technology, and Shanghai Longcheer Technology, and large EMS companies such as BYD Company Limited, Foxconn, Wistron, Lens Technology, and DBG Technology. With years of accumulation, the company has become a leading testing equipment supplier in the consumer electronics ODM industry in terms of market share. The funds raised in this offering, after deducting issuance expenses, are intended to be used for the following projects: Financially, in the years 2020, 2021, and 2022, Xinxin Teng achieved revenues of approximately 325 million, 378 million, and 377 million RMB respectively, with net profits of approximately 25.04 million, 52.98 million, and 53.22 million RMB during the same period.