Hengtai Technology's ChiNext listing is terminated as a leading provider of quantitative analysis and technology for the financial industry.

On November 28th, Hangzhou Hengtai Technology Co., Ltd. (referred to as Hengtai Technology) terminated its IPO on the Shenzhen Stock Exchange's ChiNext board. This decision was made as Hengtai Technology and its sponsor withdrew their application for listing. According to the 62nd article of the "Shenzhen Stock Exchange Rules for the Review of Stock Issuance and Listing (2024 Revision)", the Shenzhen Stock Exchange decided to terminate the review for their IPO. The prospectus shows that Hengtai Technology is a leading provider of quantitative analysis and technology in the financial industry. Over the years, the company has focused on trading and processing fixed income, foreign exchange, commodities, and derivatives (referred to as "FICC"), as well as multi-asset risk management and investment analysis based on insights and technological expertise in the financial industry. The company primarily provides application software products and services to financial institutions such as securities firms, banks, fund companies, and insurance companies, covering a wide range of needs including trade processing and analysis, risk management, and investment analysis for various assets. Hengtai Technology has always emphasized independent research and development, with products and technologies possessing independent intellectual property rights. The quantitative calculation platform (xPP) developed by the company includes pricing, risk measurement, and performance attribution calculation engines, forming the core of two product series: trading processing (referred to as "Trading") and risk management and investment analysis (referred to as "Risk and Analysis"), combined with the unique characteristics of different sectors in the financial industry to offer proprietary technological solutions. The funds raised in this IPO were intended for projects related to the company's main business, with the fundraising plan as follows: Financially, Hengtai Technology achieved net profits attributable to shareholders of the issuer of 37.5178 million yuan, 70.5744 million yuan, and 78.9022 million yuan in 2020, 2021, and 2022 respectively.