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 Insights - The company Jinzhijiao Education has faced significant challenges in its IPO attempts, with two failed applications in a short period, indicating potential underlying issues in its business model and compliance [1][2] Group 1: Company Overview - Jinzhijiao Education is a provider of information technology services for higher education institutions, offering software development, SaaS services, and system integration based on proprietary cloud architecture [1] - The company has attempted to go public twice, first on the Sci-Tech Innovation Board and then on the Growth Enterprise Market, but both attempts ended in withdrawal [1][2] Group 2: Compliance Issues - The company has encountered multiple compliance issues related to data protection, specifically concerning its "Today Campus" app, which led to several notifications from regulatory bodies regarding the improper collection and use of personal information [2] - These compliance failures highlight vulnerabilities in the company's information security and data protection practices [2] Group 3: Competitive Position - Jinzhijiao Education's core competitiveness is in question, as evidenced by a decline in both R&D personnel and core technical staff over the reporting period, which is concerning for a technology-intensive industry [2] - The company's R&D expenses have shown fluctuations, with amounts of 99.41 million, 108.92 million, and 92.81 million yuan over the years, indicating potential instability in innovation capacity [2] Group 4: Financial Performance - The company's financial performance has been inconsistent, with reported revenues of 475 million, 492 million, and 455 million yuan, and net profits of 71.58 million, 80.32 million, and 78.26 million yuan during the reporting period [3] - Notably, the revenue for 2022 saw a year-on-year decline of 3.32%, while net profit decreased by 10.88%, reflecting challenges in maintaining growth [3]

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]