Yun Cheng and Rui's GEM IPO "terminated (withdrawn)" focus on creating smart environmental protection for agriculture.

On December 5, Yun Cheng and Rui Environmental Technology Group Co., Ltd. (referred to as Yun Cheng and Rui) terminated its IPO on the Shenzhen Stock Exchange ChiNext board. The IPO was terminated because Yun Cheng and Rui, along with the sponsor, withdrew their application for listing. According to Article 62 of the Shenzhen Stock Exchange Stock Issuance and Listing Review Rules, the Shenzhen Stock Exchange decided to terminate the review process for its listing. The prospectus shows that Yun Cheng and Rui is a provider of integrated solutions in the agricultural environmental protection field. The company focuses on areas such as pollution control in agriculture and animal husbandry, recycling of biomass resources, and rural ecological environment governance, providing comprehensive solutions for pollution control and resource development and utilization for large-scale breeding enterprises, large energy companies, county-level governments, and other clients. After years of development, the company has established a diversified business layout of "equipment + engineering + operation" based on a sound technical system, comprehensive service capabilities, and extensive business experience. In terms of environmental engineering business, Yun Cheng and Rui mainly undertakes environmental treatment system projects through bidding or commercial negotiations in three major application areas. In the field of livestock and poultry wastewater treatment, the company has accumulated clients such as Wens Foodstuff Group, New Hope Liuhe, and COFCO Meat through successful projects. In the field of rural domestic sewage treatment, it has won bids for numerous projects in Yunnan County and Yun'an District. In the field of biomass energy development and utilization, it serves large biomass power generation enterprises such as National Energy Tongliao and Derun Biomass. In terms of environmental operation business, Yun Cheng and Rui have adopted the "EPC+O" model early on to provide livestock wastewater treatment outsourcing services to customers and actively promote the BOT model. The company has accumulated clients such as Wens Foodstuff Group and DEKON AGR, as well as actively participating in the pilot project of regional bundled operation of village sewage treatment, providing sewage treatment operations for emerging counties and other areas. In the environmental equipment business, Yun Cheng and Rui mainly sell assembled tank environmental protection equipment and special environmental treatment equipment through direct sales, targeting clients in the livestock and poultry industry, such as DEKON AGR, and actively expanding the application of assembled tanks in the environmental and water industries. The company has accumulated clients like China Energy, China Tianying Inc., and Wuhan Tianyuan Environmental Protection. The proceeds from this new stock issue, after deducting issuance expenses, will be used for the company's main business projects and operational capital needed for business development. In terms of finance, Yun Cheng and Rui's operating income was approximately 1.031 billion, 1.105 billion, and 958 million RMB in 2020, 2021, and 2022 respectively. During the same period, the company's net profits were approximately -95.691 million, 98.8055 million, and 79.5206 million RMB respectively.