Core Viewpoint - The Shenzhen Stock Exchange has terminated the IPO review of Jiangsu Jinzhi Education Information Co., Ltd. due to the company's withdrawal of its application along with its sponsor, Guotai Junan Securities [2][3] Group 1: IPO Application History - Jiangsu Jinzhi Education has attempted to go public twice, successfully passing the review both times but ultimately failing to register, making it the first company in the market to have two successful reviews without successful registration [3][5] - The first attempt was for the Sci-Tech Innovation Board, where the company submitted its application on September 24, 2020, and received approval on February 5, 2021, but withdrew the application on January 7, 2022, due to issues related to its Sci-Tech attributes [4][5] - The second attempt was for the ChiNext board, where the company submitted its application on June 30, 2022, received approval on July 13, 2023, and subsequently withdrew its registration on June 13, 2025 [5] Group 2: Financial Information - The company aimed to raise 6.97 billion yuan during its first IPO attempt but reduced the target to 5.77 billion yuan for the ChiNext application, primarily decreasing the investment in the "Product R&D and Technology Upgrade Fund" from 3 billion yuan to 1.8 billion yuan [5] - Revenue figures for the years 2020 to 2022 were 475 million yuan, 492 million yuan, and 455 million yuan respectively, while net profits were 71.58 million yuan, 80.32 million yuan, and 78.26 million yuan [7] - As of December 31, 2022, the total assets of the company were 751 million yuan, with a net profit of 77.55 million yuan and a debt-to-asset ratio of 24.87% [8] Group 3: Business Operations - Jiangsu Jinzhi Education specializes in providing information technology services for higher education institutions, offering software development, SaaS services, operation and maintenance services, and system integration [6] - The company has developed the "Today Campus" app, a mobile service platform for college faculty and students, which has faced regulatory scrutiny regarding personal information collection and usage [9][11]

文/西风 近日，深圳证券交易所公布对江苏金智教育信息股份有限公司创业板IPO终止审核的决定，直接原因是公司及保荐机构广发证券撤回申报。公司创业板IPO早在 2023年7月13日过会，但一直未能提交注册。公司曾于2020年9月申报科创板IPO，2021年2月5日经科创板上市委审议会议审核通过，2021年3月9日提交注册稿申请 文件，2021年12月31日撤回注册申请。公司两次IPO过会，均以撤回而终止，着实有点不幸！ 公司前身有限公司成立于2008年1月，2014年10月整体变更为股份公司，2015年6月17日，公司股票挂牌新三板，证券代码：832624。2020年3月11日终止挂牌。公 司目前注册资本6000万元。公司的实际控制人为1973年出生的郭超、1975年出生的史鸣杰，二人合计持有公司51.09%表决权。郭超现任公司董事长，史鸣杰现任 公司董事总经理。 | | | | | | | - | | --- | --- | --- | --- | --- | --- | --- | | 业务类别 | 2022 年度 | | 2021 年度 | | 2020 年度 | | | | 金额 | 早 | 金额 | 早 ...

文/西风 近日，深圳证券交易所公布对江苏金智教育信息股份有限公司创业板IPO终止审核的决定，直接原因是公司及保荐机构广发证券撤回申报。公司创业板IPO早在 2023年7月13日过会，但一直未能提交注册。公司曾于2020年9月申报科创板IPO，2021年2月5日经科创板上市委审议会议审核通过，2021年3月9日提交注册稿申请 文件，2021年12月31日撤回注册申请。公司两次IPO过会，均以撤回而终止，着实有点不幸！ 公司前身有限公司成立于2008年1月，2014年10月整体变更为股份公司，2015年6月17日，公司股票挂牌新三板，证券代码：832624。2020年3月11日终止挂牌。公 司目前注册资本6000万元。公司的实际控制人为1973年出生的郭超、1975年出生的史鸣杰，二人合计持有公司51.09%表决权。郭超现任公司董事长，史鸣杰现任 公司董事总经理。 一、服务于高校和中职学校，银行是大客户，软件开发收入占比超过80% 公司是国内高校信息化服务提供商，以自主研发的基于私有云和公有云架构的智慧校园运营支撑平台产品、应用系统产品为基础，为高等院校和中职学校提供软 件开发、SaaS服务、运维服务、系统集成等 ...

Core Viewpoint - Jiangsu Jinzhi Education Information Co., Ltd. has withdrawn its IPO application, leading to the termination of its review for listing on the Shenzhen Stock Exchange's Growth Enterprise Market [1] Company Overview - Jinzhi Education was established in January 2008 and is located in Nanjing, Jiangsu Province. The company has a registered capital of approximately 60 million yuan [3] - The main shareholders include Guo Chao, Shi Mingjie, Wang Tianshou, and Nanjing Mingde Information Technology Co., Ltd. [3] IPO Details - Jinzhi Education submitted its prospectus in June 2022, aiming to raise 577 million yuan through the IPO. The company passed the review in July 2023 but did not submit the registration, leading to a nearly two-year delay before the termination [4][5] Financial Performance - The company's revenue for 2020, 2021, and 2022 was approximately 475 million yuan, 492 million yuan, and 455 million yuan, respectively. The net profits for the same years were approximately 73.32 million yuan, 78.93 million yuan, and 77.55 million yuan [6] - The net profit after deducting non-recurring items for 2020, 2021, and 2022 was approximately 67.27 million yuan, 63.60 million yuan, and 66.38 million yuan [6] Revenue Composition - Jinzhi Education's income primarily comes from software development and SaaS services, with software development revenue for the reporting periods being approximately 400 million yuan, 404 million yuan, and 370 million yuan, accounting for 84.24%, 82.08%, and 81.33% of its main business income, respectively [7] Compliance and Operational Issues - The company faced scrutiny regarding its operational performance, core competitiveness, and compliance issues, particularly concerning the decline in direct sales revenue and the increase in accounts receivable and contract assets [5] - Jinzhi Education's R&D expenses and personnel have shown a downward trend, raising concerns about its core competitiveness [5] - The company received notifications from regulatory bodies regarding the collection and use of personal information through its "Today Campus" app, which necessitated further disclosures in its prospectus [5]