In the Year of the Tiger, the first batch of companies to withdraw orders came. On the evening of February 10, the official website of the Shenzhen Stock Exchange showed that the IPOs of Hebei Shichuang Information Technology Co., Ltd. (hereinafter referred to as "Shichuang Information") and Liaoning Donghe New Materials Co., Ltd. (hereinafter referred to as "Donghe New Material") were terminated successively. As for the reasons for the termination of the IPO, the Shenzhen Stock Exchange said that the enterprise applied to withdraw the application documents for issuance and listing. The reporter noted that the queue time of Donghe New Material is long, and the company has been accepted for the IPO as early as September 2020, and has disclosed two rounds of inquiry responses. It is worth mentioning that another IPO terminated the company, Shi window information just "stepped on the thunder" intermediary on January 26 this year.

The GEM IPOs of the two companies were terminated
On the evening of February 10, according to the information on the official website of the Shenzhen Stock Exchange, the IPOs of Shichuang Information, Donghe New Materials pressed the "termination button" on the same day.
First of all, looking at Shi window information, the Shenzhen Stock Exchange said that due to the company's application to withdraw the issuance and listing application documents, according to Article 67 of the Rules for the Review of the Issuance and Listing of Shares on the Growth Enterprise Market of the Shenzhen Stock Exchange, it was decided to terminate the review of the initial public offering of shares by World Window Information and its listing on the Gem Board.
According to the data, Shi window information is based on the medical health and government affairs industry information construction business, the main business includes medical and health products and government service products research and development, sales, operation and maintenance and technical services, and is committed to providing overall solutions for the informatization of the above industries, the company's main business can be divided into software development and products, operation and maintenance and technical services, system integration. Among them, software development and products, operation and maintenance and technical services are the company's main core businesses.
From 2018 to 2020 and the first half of 2021, the operating income of Shichuang Information was about 90.0168 million yuan, 123 million yuan, 182 million yuan and 88.1808 million yuan, respectively, and the corresponding attributable net profit was about 20.5203 million yuan, 30.695 million yuan, 59.6921 million yuan and 19.0038 million yuan, respectively.
Seeking listing on the Gem Board, Shichuang Information intends to raise 698 million yuan to invest in the big health information industry base project, the smart government information application platform construction project, the R&D center construction project, the marketing center construction project and the supplementary working capital.
It is understood that the IPO of Shichuang Information was accepted on June 29, 2021, and entered the inquiry state on July 26 of that year, and two rounds of inquiry responses have been disclosed.
Compared with the world window information, The IPO of Donghe New Material was accepted earlier, and it was accepted on September 28, 2020, and entered the inquiry state on October 29 of that year, and has also disclosed two rounds of inquiry responses so far.
According to the prospectus, the main business of Donghe New Material is the research and development, production and sales of magnesium refractory products based on magnesium refractory materials, and the main products include electrofused magnesia, lightly burned magnesium oxide, fixed and amorphous refractory products, magnesite ore, etc. The company mainly obtains reasonable profits by providing customers with magnesia and refractory products. The Shenzhen Stock Exchange said that the termination of the IPO of Donghe New Material was also due to the company's voluntary withdrawal of orders.
It should be pointed out that from 2018 to 2020 and the first half of 2021, the gross profit margin of the main business of Donghe New Material was 36.78%, 30.24%, 24.03% and 27.98% respectively, of which the gross profit margin of refractory products was 34.24%, 32.26%, 23.2% and 15.16%, respectively, showing a downward trend during the reporting period.
Donghe New Materials GEM IPO also plans to raise 698 million yuan, respectively, invested in the annual output of 120,000 tons of magnesium and calcium brick production line construction project, the annual processing of 600,000 tons of magnesite flotation production line construction project, as well as the repayment of bank loans and supplementary working capital.
With the termination of the IPO, the fundraising vision of the above two companies was also announced.
World window information "stepping on the thunder" Of Germany Securities
The Beijing Business Daily reporter noted that In January this year, Shichuang Information had "stepped on the thunder" of Zhongde Securities Co., Ltd. (hereinafter referred to as "Zhongde Securities").
It is understood that on the evening of January 26 this year, a number of CHINext and sci-tech board IPO projects were collectively "suspended", mainly due to the fact that three intermediary institutions such as Beijing King & Wood Mallesons, ShineWing Certified Public Accountants and Zhongde Securities were investigated by the CSRC, of which the IPO company Shi window information was among them.
According to the information disclosed by the Shenzhen Stock Exchange on the evening of January 26, due to the investigation of Zhongde Securities, the sponsor of Shichuang Information, it was decided to suspend its issuance and listing review in accordance with the relevant provisions of Article 64 of the Rules for the Review of the Issuance and Listing of Shares on the Growth Enterprise Market of the Shenzhen Stock Exchange.
The reporter learned that Zhongde Securities was filed by the Securities Regulatory Commission involving LeTV, on January 18 this year, Shanxi Securities disclosed that the holding subsidiary Zhongde Securities was suspected of violating laws and regulations in the sponsorship business of LeTV's non-public offering of shares in 2016, and the CSRC decided to file a case against Zhongde Securities.
Investment and financing expert Xu Xiaoheng told reporters that the intermediary was filed to review the IPO company has not constituted an obstacle, follow-up process, the suspended company should organize the intermediary to review, issue a review report and opinions, and then submit a review application to the exchange or the securities regulatory commission, and after the review application is reviewed by the regulator, the normal review process can be restored.
The reporter noted that enterprises that have suspended their IPOs due to "stepping on the thunder" intermediary agencies have also resumed review, such as Beijing Tongmei Crystal Technology Co., Ltd. (hereinafter referred to as "Beijing Tongmei"). On the evening of February 9, the official website of the Shanghai Stock Exchange showed that Beijing Tongmei has resumed the review of issuance and listing.
In response to related questions, the reporter called the information side of the world window for an interview, but no one answered.
(Horse swap)