Bosera Real Estate Investment Trust's initial public offering (IPO) on the Shanghai Stock Exchange main board "terminated"

On September 19, Xinjiang Bowseran Intelligent Agricultural Machinery Co., Ltd. (Bowseran) had its IPO review status on the Shanghai Stock Exchange main board changed to "terminated." Due to Bowseran and its sponsor withdrawing their application for the IPO, according to relevant provisions in the Shanghai Stock Exchange's rules for the review of stock issuance and listing, the Exchange decided to terminate the review for its IPO. According to the prospectus, Bowseran is a modernized high-end intelligent agricultural machinery manufacturer that integrates research and development, production, sales, and services. The company's products revolve around cotton harvesting machines, including hydraulic reversible plows, combined tillage machines, precision film sowing machines, spray-bar sprayers, residue film recyclers, and other cotton planting machinery, covering the entire "plowing, planting, managing, harvesting" industry chain. In recent years, the company has continuously innovated and improved upon its three-row box-type models, moving towards a larger, higher-end, and smarter direction. It has successfully mass-produced high-end models such as six-row box-type machines, three-row, six-row baling cotton harvesters, enriching its product structure to meet diverse customer requirements for cotton harvesting. Additionally, the company has innovated in weak areas of China's agricultural mechanization development, developing hydraulic reversible plows, combined tillage machines, precision film sowing machines, spray-bar sprayers, residue film recyclers, and other agricultural machinery equipment products to meet market demands, further enriching and diversifying its product structure. In terms of finances, Bowseran achieved approximately RMB 1.138 billion, RMB 989 million, and RMB 1.03 billion in revenue in 2022, 2023, and 2024 respectively. During the same period, the net profits were approximately RMB 238 million, RMB 184 million, and RMB 184 million.