The IPO of Zhongke on the Shenzhen Stock Exchange Growth Enterprise Market has been extended, with plans to raise 1.2416 billion yuan.

On July 17th, Yan Changzhong Science (Dalian) Energy Technology Co., Ltd. (referred to as Yan Changzhong Science) applied for a change in the status of the Shenzhen Stock Exchange's GEM listing review to "inquiry received", with CMSC as its sponsor institution, aiming to raise 1.2416 billion yuan. According to the prospectus, Yan Changzhong Science is a provider of overall technology solutions focusing on the industrialization of DMTE technology for synthetic gas to ethanol. Its main business includes the development, production, and sales of DMTE process package compilation, patent technology licensing, and supporting core catalysts. The company's main products and services are DMTE process package compilation, patent technology licensing, and supporting core catalysts for synthetic gas to ethanol. DMTE technology, as a method for producing ethanol from synthetic gas, involves processes such as dehydrating methanol to produce dimethyl ether, carbonylation to produce methyl acetate, and hydrogenation to produce ethanol, based on the methanol synthesis from synthetic gas. The reaction process of this technology does not involve water or uses very little water, resulting in a direct product of anhydrous ethanol, significantly reducing the energy consumption for product separation. Additionally, the production equipment for this technology does not require the use of special corrosion-resistant materials, reducing investment costs and providing a cost advantage for the final product. The process package business serves as the carrier of the company's core technology output and the entry point for the catalyst business. By providing DMTE process package compilation and complete patent technology licensing services to customers in the energy and chemical industry, downstream customers' Jianshe Industry Group devices are driven. The catalyst business provides exclusive carbonylation and hydrogenation catalysts for operational devices. These catalysts need to be replaced periodically after device operation, constituting the main source of the company's income and gross profit. The company is committed to becoming a leading platform for catalytic technology industrialization, with independently owned DMTE technology that enables the efficient conversion of coal, coke oven gas, steel mill tail gas, and even biomass synthetic gas resources into anhydrous ethanol. This provides a new path for the development of ethanol industries domestically and internationally. The company continues to increase its research and development investment in DMTE technology and downstream ethanol technologies, aiming to provide low-cost, high-profit, multi-energy complementary, green, and low-carbon solutions for the energy and chemical industry. As of the end of the reporting period, the company holds 30 invention patents, 3 utility model patents, participated in the development of 2 industry standards, and undertook major research and development projects such as the special projects for major scientific and technological plans in Liaoning Province and Dalian City. The company has been awarded titles such as Dalian City's demonstration unit for patent technology industrialization, Liaoning Province's gazelle enterprise, Liaoning Province's single champion enterprise in manufacturing, intellectual property demonstration enterprise in the petroleum and chemical industry, national intellectual property advantage enterprise, national-level specialized and new "small giant" enterprise, and national-level specialized and new key "small giant" enterprise. The company has also been approved to establish the Liaoning Province Ethanol Synthesis Professional Technology Innovation Center and Engineering Research Center, as well as a national postdoctoral research workstation. In December 2024, the company was awarded the "2024 Annual Scientific and Technological Invention Grand Prize" by PetroChina and the Chemical Industry Association as the technical completion unit. Financially, in the fiscal years 2023, 2024, and 2025, the company achieved operating revenues of approximately 343 million yuan, 395 million yuan, and 508 million yuan, respectively. During the same period, the net profits were approximately 148 million yuan, 198 million yuan, and 250 million yuan, respectively.