钵施然IPO撤单：在审时间超两年，曾被问询是否符合主板定位

Core Viewpoint - The Shanghai Stock Exchange has decided to terminate the review of the initial public offering (IPO) application of Xinjiang Boshan Intelligent Agricultural Machinery Co., Ltd. (referred to as "Boshan") after the company and its sponsor, Guotou Securities Co., Ltd., requested to withdraw their application [1][2]. Company Overview - Boshan is a modern high-end intelligent agricultural machinery manufacturer that integrates research and development, production, sales, and service. Its core product is the cotton harvester, along with other machinery for cotton planting, covering the entire industry chain of "tillage, planting, management, and harvesting" [3][4]. Financial Performance - The projected revenues for Boshan from 2022 to 2024 are as follows: 1.138 billion yuan in 2022, 989 million yuan in 2023, and 1.03 billion yuan in 2024. The net profits attributable to the parent company are projected to be 238 million yuan, 184 million yuan, and 184 million yuan for the same years [3][4]. - As of December 31, 2024, the total assets are projected to be approximately 2.077 billion yuan, with net profits of approximately 184 million yuan and a debt-to-asset ratio of 33.87% [4][5]. IPO Fundraising Plans - Boshan intended to raise 1.186 billion yuan through the IPO to fund projects including high-end agricultural machinery R&D and production base construction, agricultural machinery sales and after-sales service center construction, intelligent agricultural machinery R&D center and cloud platform construction, and to supplement working capital [5][6]. Market Position and Future Outlook - Boshan claims to be a leading enterprise in the cotton planting machinery sector, possessing a significant market share and a broad future market space, indicating strong industry representation. The company asserts that its mature business model, stable operating performance, and large scale align with the main board's positioning requirements [7][8].