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ipo terminated, haitong sponsors! gem switched to sci-tech innovation board, and then "passed" gem after withdrawing the order

2024-09-21

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on september 20, the shenzhen stock exchange disclosed that due to the withdrawal of the issuance and listing application by luoyang zhongchao new materials co., ltd. and its sponsor, according to article 62 of the "shenzhen stock exchange stock issuance and listing review rules (revised in 2024)", the exchange decided to terminate its issuance and listing review.

the sponsor, accounting firm and law firm of zhongchao co., ltd.'s gem ipo are haitong securities co., ltd., lixin certified public accountants (special general partnership) and grandall law firm (shanghai) respectively, and the appraisal agency is tianyuan asset appraisal co., ltd.

in 2003, zhongchao co., ltd. was mainly engaged in the research and development, production and sales of advanced inorganic non-metallic materials. its main products were ultrafine aluminum hydroxide, special alumina, boehmite, etc.

in 2021-2023, the company's operating income was rmb 681.4744 million, rmb 833.8688 million, and rmb 935.7481 million, respectively; the net profit in the same period was rmb 138.0309 million, rmb 141.9751 million, and rmb 143.2998 million, respectively.

zhongchao holdings' gem ipo plans to raise 1.24 billion yuan to be used for the "120,000-ton annual aluminum hydroxide micropowder construction project", "30,000-ton annual high-white ultrafine magnesium hydroxide flame retardant project", "30,000-ton annual special alumina project for new energy battery coating materials", "10,000-ton annual boehmite construction project", "technical transformation project (phase ii)" and "supplementary working capital project".