Yunfeng New Materials' listing on the Shanghai Stock Exchange main board IPO "terminated", its subsidiary Moganshan plywood sales ranked second in the industry.

On April 21, Zhejiang Sunhua Yunfeng New Materials Co., Ltd. (referred to as Yunfeng New Materials) changed its status from "under review" to "terminated" for its IPO on the Shanghai Stock Exchange main board. This was due to Yunfeng New Materials and its sponsor withdrawing their application for listing. According to the relevant provisions of the Shanghai Stock Exchange's Rules for the Review of Stock Issuance and Listing (Article 63), the Exchange terminated the review for its IPO. According to the prospectus, Yunfeng New Materials is mainly engaged in the design, research and development, production, and sales of interior decoration materials and custom home furnishings. Its main products include engineered wood, wood flooring, engineered wood products, as well as custom home furnishings such as wardrobes, cabinets, and wooden doors. The company relies on its channel advantages, brand advantages, and product advantages in the decoration materials industry. By expanding in both retail and bulk business, it converts these advantages into competitiveness in the custom home furnishings market. By integrating industry resources, the company aims to enhance its market position in the custom home furnishings sector. The company's "Moganshan" brand of plywood ranks second in the industry in terms of sales volume. It focuses on environmentally friendly, green, and healthy wood products with a wide variety of products and strong design and development capabilities, resulting in a high level of brand awareness. With over twenty years of development, the company has strong overall competitiveness in the industry. Its sales models include a distributor model and a trademark licensing model. Under the trademark licensing model, OEM suppliers sell directly to distributors and use Yunfeng New Materials' brand. During the reporting period, the top ten OEM suppliers under the trademark licensing model totaled 19. After deducting issuance expenses, the company plans to invest in the projects in the following priority order: Financially, the company is expected to achieve operating income of approximately 2.362 billion yuan, 2.669 billion yuan, 3.429 billion yuan, and 1.634 billion yuan for the years 2021, 2022, 2023, and the first six months of 2024, respectively. Net profits are expected to be around 224 million yuan, 245 million yuan, 320 million yuan, and 149 million yuan, respectively, for the same years.