Group 1 - During the week of May 19 to May 25, four new IPO applications were accepted by the Shanghai and Shenzhen stock exchanges, while one application was terminated [1][2] - The four companies include Changyu Group applying for the Shanghai main board, Shenglong Mining Group for the Shenzhen main board, and Peicheng Technology and Kanghua Biomedical Technology for the Beijing Stock Exchange [1][2] - The terminated application was from Jiayuan Technology, which had been under review for nearly two years before withdrawing [1][5] Group 2 - Peicheng Technology, which specializes in battery management systems, reported a declining revenue trend from 850 million yuan in 2022 to 733 million yuan in 2024 [3] - The company's net profit also showed a decrease, with figures of 92.42 million yuan in 2022 and 93.44 million yuan in 2024 [3] - Peicheng Technology's gross margin decreased from 30.06% in 2022 to 28.57% in 2024, indicating potential risks related to product revenue structure changes [3] Group 3 - Jiayuan Technology's revenue heavily relies on State Grid, with sales to the company accounting for approximately 70% of its total revenue [5][6] - The company's revenue figures were 248 million yuan in 2020, 528 million yuan in 2021, and 581 million yuan in 2022, showing a slowdown in growth [6] - Jiayuan Technology faces risks related to the iteration of its smart terminal products and the pace of its digital solution implementations [7][8]

Core Viewpoint - JIAYUAN Technology 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 has withdrawn its IPO application, leading to the termination of its review for listing on the Shenzhen Stock Exchange's Growth Enterprise Market [1][3] Group 1: Company Overview - JIAYUAN Technology was established in May 2014 and is located in Nanjing, Jiangsu Province, with a registered capital of approximately 148 million yuan [5] - The company focuses on providing IoT terminal products and digital solutions in the smart power sector, enhancing the perception, communication, and data processing capabilities of power terminal devices and systems [7][8] Group 2: IPO Details - The company submitted its prospectus in September 2022, aiming to raise 911 million yuan for various projects, including the R&D and industrialization of smart power IoT terminal products and communication modules [3][4] - The total investment for the planned projects amounts to approximately 911 million yuan, with specific allocations for R&D and working capital [4] Group 3: Financial Performance - JIAYUAN Technology's revenue for 2020, 2021, and 2022 was approximately 248 million yuan, 528 million yuan, and 581 million yuan, respectively, with net profits of about 26.9 million yuan, 89.3 million yuan, and 91.8 million yuan [8] - The company's total assets as of December 31, 2022, were approximately 845.6 million yuan, with a debt-to-asset ratio of 42.15% [9] - The contribution of smart power IoT terminals to revenue was approximately 62.50%, 55.77%, and 47.02% for the years 2020, 2021, and 2022, respectively [9]