The Deep Planning Institute's GEM IPO "canceled (withdrawn)" focuses on urban planning and design.
17/01/2025
GMT Eight
On January 16, Shenzhen Urban Planning and Design Research Institute Co., Ltd. (referred to as Shenzhen Urban Planning Institute) had its IPO review status on the Shenzhen Stock Exchange's Growth Enterprise Board changed to "terminated (withdrawn)". Due to the withdrawal of the issuance and listing application by Shenzhen Urban Planning Institute and the sponsor, in accordance with Article 62 of the Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (2024 Revision), the Shenzhen Stock Exchange decided to terminate its issuance and listing review.
The prospectus shows that Shenzhen Urban Planning Institute focuses on urban planning and design, focusing on addressing complex issues arising in the process of urban development, with a business structure primarily centered around planning and design, supported by engineering design and operational services. The company already holds qualifications in urban and rural planning class A, engineering design (municipal industry road engineering class A, landscape architecture engineering design specialized class A, construction industry construction engineering class B, municipal industry water supply engineering class B, municipal industry drainage engineering class B), surveying (geographic information system engineering class A), engineering consulting unit class A credit (municipal public works, others (planning)) and land planning agency class B, among others.
The company's business is focused on Shenzhen and the Greater Bay Area of Guangdong, Hong Kong, and Macau, expanding nationwide and serving long-term planning work in national key areas such as Xiong'an New Area, Qianhai Free Trade Zone, and Shenshan Special Cooperation Zone. During the reporting period, the revenue from the planning and design business accounted for over 80%, being the primary source of income.
As of the end of 2023, there were over 800 enterprises in China that met the criteria for class A urban and rural planning qualification, with a large number of market participants and significant marketization of the industry. Compared to comparable listed companies in the same industry, the issuer has significant advantages in terms of revenue scale, number of employees, proportion of employees with master's degrees and above, number of invention patents and software copyrights, and number of national awards.
In terms of finances, in the fiscal years 2021, 2022, and 2023, Shenzhen Urban Planning Institute achieved operating revenues of approximately 798 million yuan, 868 million yuan, and 930 million yuan respectively; during the same period, the company achieved net profits of 69.6034 million yuan, 78.1583 million yuan, and 84.899 million yuan respectively.