Core Viewpoint - Shanghai Guangdian Electric (Group) Co., Ltd. announced the withdrawal of its subsidiary, Shanghai Anyijie Enterprise Development Co., Ltd., from the public offering and listing process on the Beijing Stock Exchange due to a reassessment of its development situation and capital market strategy [1][2]. Group 1: Listing Progress - The board of directors authorized the management to initiate the preparatory work for the public offering of shares and listing on the Beijing Stock Exchange for Anyijie Enterprise [1]. - Anyijie Enterprise signed a counseling agreement with Huaxin Securities on January 15, 2024, to assist in the public offering process [1]. - The company submitted the counseling filing materials to the Shanghai Securities Regulatory Bureau on January 16 and February 2, 2024 [2]. Group 2: Counseling and Termination - The counseling filing was accepted by the regulatory authority, indicating initial progress in the listing process [2]. - On July 14, 2025, Anyijie Enterprise and Huaxin Securities mutually agreed to terminate the counseling agreement, leading to the submission of termination application materials to the regulatory authority [2]. - The Shanghai Securities Regulatory Bureau confirmed the termination of the counseling on July 15, 2025 [2].

Core Viewpoint - Henan Jiachen Intelligent Control Co., Ltd. has completed the guidance work for public offering of shares and listing on the Beijing Stock Exchange, with China International Capital Corporation as the guiding institution [1] Group 1: Company Overview - Henan Jiachen Intelligent Control was established in 2009, focusing on the research, production, and sales of electrical control system products and overall solutions, including motor drive control systems, complete machine control systems, and vehicle networking products [2][3] - The company has a high customer concentration, with the top five customers accounting for 87.06%, 87.71%, and 82.02% of revenue in the years 2022, 2023, and 2024 respectively, with the largest customer, Hangcha Group, contributing 52.82%, 44.69%, and 42.16% of revenue in the same years [3] Group 2: Financial Performance - The company's projected operating revenues for 2022, 2023, and 2024 are 336.18 million, 376.30 million, and 381.54 million respectively, while the net profits attributable to the parent company are expected to be 56.62 million, 49.27 million, and 57.37 million for the same years [3] Group 3: Previous IPO Attempts - The company previously applied for an IPO on the Sci-Tech Innovation Board in 2022 but withdrew its application on May 30, 2023, leading to the termination of the review process by the Shanghai Stock Exchange [4] - The previous IPO fundraising projects included the construction of a production base for intelligent drive control systems for new energy vehicles, a research and development center, and working capital, with a total planned fundraising amount of 536 million [5][6] Group 4: Current Fundraising Plans - For the current public offering, the company plans to use 260 million for the "Electrical Control System Production Base Construction Project" and the "Research and Development Center Construction Project" [7] - The total investment for the electrical control system production base is 165.29 million, and for the research and development center, it is 94.89 million, totaling 260.17 million [8] Group 5: Shareholding Structure - The chairman, Yao Xin, holds a total of 68.54% of the company's shares and controls 70.10% of the voting rights, making him the controlling shareholder and actual controller of the company [8]