Core Insights - The event held in Yuyiao City showcased the skills of rice harvesting machine operators and highlighted Zhejiang's implementation of the "grain storage in technology" strategy [1][2] - The competition featured participants from 11 cities in Zhejiang, emphasizing the importance of precision in agricultural machinery operation [1] - The event also included demonstrations of various advanced agricultural machinery, reflecting the latest achievements in mechanization in Zhejiang [2][3] Group 1: Competition Highlights - The first prize was awarded to Tian Huada from Ningbo, with other prizes going to participants from Zhoushan, Shaoxing, Jiaxing, Wenzhou, and Quzhou [2] - Tian Huada expressed a commitment to sharing knowledge and skills with younger operators to enhance the overall level of agricultural machinery operation in the province [2] Group 2: Mechanization Development - Zhejiang is actively addressing gaps in agricultural machinery by promoting mainstream equipment like transplanting and precision seeding machines, while also developing new technologies [2] - The province is enhancing its modern agricultural machinery service system through improved planning, equipment upgrades, talent cultivation, and strengthened agricultural services [2]

Core Viewpoint - Xinjiang Bosiran Intelligent Agricultural Machinery Co., Ltd. has withdrawn its IPO application, leading to the termination of its review process by the Shanghai Stock Exchange [1][3]. Company Overview - Bosiran was established in August 2009 and is located in Wusu City, Tacheng Prefecture, Xinjiang. The company has a registered capital of approximately 112 million yuan [3]. - The main products include cotton harvesters and various agricultural machinery, covering the entire cotton planting industry chain [4]. IPO Application Process - The company initially disclosed its prospectus in June 2022, aiming to raise 1.186 billion yuan. After the implementation of the comprehensive registration system, it submitted its prospectus again in February 2023 [3]. - Despite updating its prospectus in December 2024 and June 2025, the IPO process was terminated in September 2025 without progressing to the next stage [3]. Financial Performance - Revenue for Bosiran was approximately 1.138 billion yuan in 2022, declining to 989 million yuan in 2023, and slightly increasing to 1.03 billion yuan in 2024, indicating a fluctuation in performance [5][8]. - Net profit figures were around 238 million yuan in 2022, dropping to 184 million yuan in 2023, and remaining stable at 184 million yuan in 2024 [5][8]. - The company's total assets as of December 31, 2024, were approximately 2.077 billion yuan, with a debt-to-asset ratio of 33.87% [6]. Shareholder Structure - Major shareholders include Zhejiang Yate Investment Co., Ltd. (42.53%) and Jiaxing Juyue Investment Partnership (8.9%) [4].

Core Viewpoint - The Shanghai Stock Exchange has decided to terminate the review of the initial public offering (IPO) application of Xinjiang Boshan Intelligent Agricultural Machinery Co., Ltd. (referred to as "Boshan") after the company and its sponsor, Guotou Securities Co., Ltd., requested to withdraw their application [1][2]. Company Overview - Boshan is a modern high-end intelligent agricultural machinery manufacturer that integrates research and development, production, sales, and service. Its core product is the cotton harvester, along with other machinery for cotton planting, covering the entire industry chain of "tillage, planting, management, and harvesting" [3][4]. Financial Performance - The projected revenues for Boshan from 2022 to 2024 are as follows: 1.138 billion yuan in 2022, 989 million yuan in 2023, and 1.03 billion yuan in 2024. The net profits attributable to the parent company are projected to be 238 million yuan, 184 million yuan, and 184 million yuan for the same years [3][4]. - As of December 31, 2024, the total assets are projected to be approximately 2.077 billion yuan, with net profits of approximately 184 million yuan and a debt-to-asset ratio of 33.87% [4][5]. IPO Fundraising Plans - Boshan intended to raise 1.186 billion yuan through the IPO to fund projects including high-end agricultural machinery R&D and production base construction, agricultural machinery sales and after-sales service center construction, intelligent agricultural machinery R&D center and cloud platform construction, and to supplement working capital [5][6]. Market Position and Future Outlook - Boshan claims to be a leading enterprise in the cotton planting machinery sector, possessing a significant market share and a broad future market space, indicating strong industry representation. The company asserts that its mature business model, stable operating performance, and large scale align with the main board's positioning requirements [7][8].

Core Viewpoint - The Shanghai Stock Exchange has decided to terminate the review of the initial public offering (IPO) application for Xinjiang Boshi Ran Intelligent Agricultural Machinery Co., Ltd. (referred to as "Boshi Ran") on the Shanghai Main Board [1][3]. Group 1: Company Overview - Boshi Ran is a modern high-end intelligent agricultural machinery manufacturing enterprise that integrates research and development, production, sales, and services [3]. - The company's product line focuses on cotton harvesting machines and includes hydraulic turning plows, combined tillage machines, precision film laying seeders, spray rod sprayers, and residual film recovery machines, covering the entire cotton planting industry chain from tillage, sowing, management, to harvesting [3]. Group 2: IPO Details - The company originally planned to publicly issue up to 37.43 million shares, accounting for no less than 25% of the total share capital after issuance [5]. - The intended fundraising amount was 1.186 billion yuan, aimed at projects including high-end agricultural machinery R&D and production base construction, agricultural machinery sales and after-sales service center construction, intelligent agricultural machinery R&D center and agricultural machinery cloud platform construction, and supplementing working capital [5]. - The lead underwriter for this issuance was Guotou Securities Co., Ltd., with representatives Wei Wei and Xiao Jiangbo [6].

Core Viewpoint - The IPO application of Xinjiang Bosiran Intelligent Agricultural Machinery Co., Ltd. has been terminated due to the withdrawal of the application by the company and its sponsor, as per the regulations of the Shanghai Stock Exchange [1] Company Overview - Bosiran is a modern high-end intelligent agricultural machinery manufacturer that integrates research and development, production, sales, and service [1] - The company's core product is the cotton harvester, along with other agricultural machinery such as hydraulic turning plows, combined tillage machines, precision film laying seeders, spray rod sprayers, and residual film recovery machines, covering the entire cotton planting industry chain [1] Product Development - The company has focused on innovation and has continuously upgraded its six-row box-type machines, leading to the production of high-end models that meet diverse customer needs [1] - Bosiran has developed various agricultural machinery products to address weak links in China's agricultural mechanization process, resulting in a rich and diversified product structure [1] Financial Performance - In 2022, 2023, and 2024, Bosiran achieved operating revenues of approximately 1.138 billion, 989 million, and 1.030 billion RMB, respectively, with net profits of approximately 238 million, 184 million, and 184 million RMB [2] - The total assets of the company as of December 31 for 2022, 2023, and 2024 were 1.479 billion, 1.789 billion, and 2.077 billion RMB, respectively [3] - The equity attributable to the parent company increased from approximately 901 million RMB in 2022 to approximately 1.284 billion RMB in 2024 [3] - The company's asset-liability ratio increased from 30.75% in 2022 to 33.87% in 2024 [3]

Core Insights - The article highlights the advancements in domestic agricultural machinery, particularly the development of hydraulic reversible plows that significantly enhance farming efficiency and reduce reliance on imported equipment [1][4][6]. Group 1: Product Development and Innovation - The domestic plow developed can operate on 500 to 600 acres per day, showcasing a substantial increase in efficiency [1]. - Over 30 years, the company has created various agricultural implements tailored to different soil conditions, including a new type of offset plow suitable for saline-alkali land [3][5]. - In 2017, the company initiated a major technology project to develop plows compatible with tractors over 200 horsepower, resulting in nine different models that meet diverse market needs [6]. Group 2: Market Impact and Reach - The hydraulic reversible plows have broken the foreign monopoly in the market, with over 12,000 units applied across regions such as Xinjiang, Inner Mongolia, and Gansu [4]. - The company has successfully exported its products to countries like Russia and Kazakhstan, enhancing its international competitiveness by offering prices at 60% of imported models [6]. Group 3: Historical Context and Personal Journey - The development of agricultural machinery in Xinjiang is closely tied to the region's history of land reclamation and farming practices, with the founder's early interest in agricultural technology stemming from a family background in the field [2][3]. - The transition from traditional farming methods to modern machinery represents a significant evolution in agricultural practices in Xinjiang over the past 70 years [6].