Core Viewpoint - Zhejiang Qingtian Solar Technology Co., Ltd. has withdrawn its IPO application, leading to the termination of its review process by the Shenzhen Stock Exchange [1][3]. Company Overview - Qingtian Technology was established in January 2015 and is located in Jinhua, Zhejiang Province. The company has a registered capital of 64.97 million yuan and is primarily owned by Qinke Holdings and other investors [3][5]. - The actual controller of Qingtian Technology is Ding Yibo, who holds a total of 58.61% voting rights in the company [4][5]. IPO Details - The company initially disclosed its prospectus on July 1, 2022, aiming to raise 640 million yuan through its IPO on the Shenzhen Stock Exchange [3][5]. - Following the implementation of the comprehensive registration system, Qingtian Technology resubmitted its prospectus in March 2023 to continue the IPO process [3]. Business Operations - Qingtian Technology specializes in providing integrated solutions for distributed photovoltaic power stations, including system integration, investment operation, and maintenance services [5]. - As of mid-2023, the company had a cumulative installed capacity of 2,634.64 MW, with an additional 505.11 MW added in the first half of 2023, representing 1.23% of the new installed capacity for distributed photovoltaic power stations in China during that period [5]. Financial Performance - The company's revenue for the years 2020, 2021, 2022, and the first half of 2023 was approximately 396 million yuan, 961 million yuan, 1.674 billion yuan, and 1.020 billion yuan, respectively. The net profits for the same periods were approximately 44.45 million yuan, 112 million yuan, 143 million yuan, and 75.74 million yuan [5][6]. - The total assets of Qingtian Technology as of June 30, 2023, were approximately 2.158 billion yuan, with a debt-to-asset ratio of 71.74% [6].