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The IPO of Lianshi Technology's Science and Technology Innovation Board was terminated: annual revenue of 300 million yuan and planned to raise 500 million

author:Thunder delivery
The IPO of Lianshi Technology's Science and Technology Innovation Board was terminated: annual revenue of 300 million yuan and planned to raise 500 million

Lei Jianping on July 2

The IPO of Shanghai Lianshi Navigation Technology Co., Ltd. (hereinafter referred to as "Lianshi Technology") was terminated recently, and Lianshi Technology was preparing to be listed on the Science and Technology Innovation Board.

The IPO of Lianshi Technology's Science and Technology Innovation Board was terminated: annual revenue of 300 million yuan and planned to raise 500 million

Lianshi Technology originally planned to raise 516 million yuan, of which 283 million yuan was used for the construction project of high-end intelligent equipment base, 151 million yuan for the construction project of R&D center, 51.51 million yuan for marketing network and brand building projects, and 30 million yuan for supplementing working capital.

The annual revenue is 315 million

Founded in Shanghai in 2015, Lianshi Technology is deeply engaged in the field of smart agriculture, and is the first enterprise in China to launch electric steering wheel automatic driving system products based on Beidou satellite navigation, and is also an enterprise that has passed the promotion and appraisal of agricultural machinery unmanned driving system products, promoting the large-scale application of Beidou navigation in the agricultural field.

The main business of Lianshi Technology includes intelligent products and smart farm solutions for agricultural machinery and equipment, among which in terms of intelligent product development and production of agricultural machinery and equipment, the company adopts the mode of "independent research and development, design, development and verification of the overall system architecture, customized procurement of key components, direct outsourcing of other components, independent assembly and testing", and the company's smart farm solution business is mainly implemented in a project manner, and the integrated development of software and hardware systems is adopted to provide customers with comprehensive solutions.

Lianshi's products cover the whole stage of cultivation, management and harvesting of agricultural production, and have successively participated in representative projects such as the construction of the first smart farm project of more than 1,000 mu in Heilongjiang Province by Erdaohe Farm of Beidahuang Agricultural Reclamation Group, and the construction of the world's first unmanned farm of over 10,000 mu by Jiansanjiang Farm.

According to the prospectus, the revenue of Lianshi Technology in 2020, 2021, and 2022 will be 172 million yuan, 220 million yuan, and 315 million yuan respectively; net profit was 28.41 million yuan, 22.8 million yuan and 52.849 million yuan respectively; The net profit after deducting non-profits was 39.0574 million yuan, 14.695 million yuan and 38.34 million yuan respectively.

The IPO of Lianshi Technology's Science and Technology Innovation Board was terminated: annual revenue of 300 million yuan and planned to raise 500 million

During the reporting period, the government subsidies included in the company's current profit and loss were 7.2038 million yuan, 9.2886 million yuan and 12.6366 million yuan respectively.

Ma Fei controls 68% of the shares

As of the date of this prospectus, Ma Fei directly held 33.92% of the equity of the company, and at the same time controlled 16.63% of the equity of the company through Shanghai Shiyi; Xu Jiyang directly holds 16.98% of the equity of Lianshi Technology.

The IPO of Lianshi Technology's Science and Technology Innovation Board was terminated: annual revenue of 300 million yuan and planned to raise 500 million

The two together control 67.53% of the company's equity and are acting in concert, with Ma Fei and Xu Jiyang as the joint actual controllers of the company. Ma Fei and Xu Jiyang are the controlling shareholders.

The IPO of Lianshi Technology's Science and Technology Innovation Board was terminated: annual revenue of 300 million yuan and planned to raise 500 million

In addition, Fujian Xinggong holds 8.7% of the shares, SDIC Venture Fund holds 5.57% of the shares, Tianjin Yuandao holds 4.35% of the shares, Li Xiaoyu holds 3.63% of the shares, and Changzhou Hongtu holds 2.78% of the shares;

Li Ying holds 2.75%, Fosun Chongqing Fund holds 2.09%, Fuding II Fund holds 1.39%, Shenzhen Capital (CS) holds 0.7%, and Jiaxing Huayu holds 0.52%.

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