Zhong Jun Gaoke's application for an IPO on the Shanghai Stock Exchange main board has been terminated. Its main business is research and development, production, and sales of precast concrete piles and pipe sections.

On January 6, Ningbo Zhongchun Gaokao Technology Co., Ltd. (referred to as Zhongchun Gaokao) terminated its IPO on the Shanghai Stock Exchange main board. Due to the withdrawal of the sponsor of Zhongchun Gaokao's application for listing, the Shanghai Stock Exchange decided to terminate its IPO review according to relevant regulations in the Shanghai Stock Exchange Stock Issuance and Listing Review Rules. The prospectus shows that Zhongchun Gaokao is mainly engaged in the research and development, production, and sales of prefabricated concrete piles and pipe segments, as well as technical services related to prefabricated concrete piles. The main products include prefabricated concrete piles and pipe segments. Prefabricated concrete piles are widely used in foundation engineering in industries such as industrial and civil construction, railways, highways, bridges, ports, water conservancy, and municipal engineering; pipe segments are mainly used in rail transit projects and underground comprehensive pipe gallery construction; technical services mainly provide construction technology services for static drilling pile support. The main purpose of prefabricated concrete piles is as foundation materials for multi-story and high-rise civil buildings, industrial plants, large equipment bases, urban elevated road bases, highways, bridges, ports, airports, urban light rail, power, metallurgy, etc. According to data from the China Concrete and Cement Products Association, the cumulative output of prefabricated concrete piles in 2021 was 486.28 million meters, a year-on-year increase of 2.3%. Overall, prefabricated concrete pile products still have strong competitiveness and broad market prospects for a considerable period of time. The company has rich experience in the concrete products industry, takes advantage of participating in the formulation of industry standards and drawings, adopts a cooperative marketing model of market development and sales follow-up services, and establishes long-term stable cooperative relationships with design institutes, various large construction units, and well-established construction enterprises. Currently, the company has five production bases in Ningbo, Shanghai, Yuyao, Taizhou, and Wenzhou. According to statistics from the China Concrete and Cement Products Industry Association, the company's prefabricated pile output in 2021 ranked in the top three in the domestic prefabricated pile industry. In terms of finance, in 2020, 2021, and 2022, Zhongchun Gaokao's operating income was 2.963 billion yuan, 3.381 billion yuan, and 3.405 billion yuan respectively. During the same period, the company's net profit was approximately 217 million yuan, 97.4598 million yuan, and 1.09 billion yuan respectively.