The Great Wall Stirring Withdraws from ChiNext IPO "Termination"

On June 27th, Zhejiang Great Wall Mixing Equipment Co., Ltd. (referred to as Great Wall Mixing) had its IPO review status on the Shenzhen Stock Exchange's ChiNext Board changed to "terminated (withdrawn)." This decision was made because both Great Wall Mixing and its sponsor withdrew their application for the IPO. According to Article 62 of the "Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (2024 Revision)," the Shenzhen Stock Exchange decided to terminate the review for its IPO. The prospectus shows that Great Wall Mixing is a high-tech enterprise specializing in the research and development, production, sales, and service of mixing equipment, with its main products being mixing equipment. The company customizes and develops mixing equipment tailored to specific application areas based on customer needs, meeting the usage conditions and technical requirements of downstream end users. As one of the earliest high-tech enterprises in China engaged in the research and development, production, sales, and service of mixing equipment, the company has long been dedicated to the field of mixing equipment. It has established a leading advantage in technology research and development, product design, customer resources, quality control, and service capabilities among domestic mixing equipment companies, ranking at the forefront in terms of business scale. In the high-end mixing equipment field, the company competes with well-known international mixing equipment companies such as SPX FLOW and EKATO through its technological, manufacturing, and price advantages. Financially, in 2020, 2021, and 2022, Great Wall Mixing achieved operating revenues of approximately 287 million yuan, 401 million yuan, and 551 million yuan respectively. During the same period, net profits were approximately 66.9457 million yuan, 76.3236 million yuan, and 108 million yuan respectively.