Lianshi Technology's IPO ends commitment to intelligent agricultural machinery equipment and agricultural technology-related technology research and development

Zhitongcaijing · 07/01 10:09

The Zhitong Finance App learned that on July 1, the IPO review status of Shanghai Lianshi Navigation Technology Co., Ltd. (abbreviation: Lianshi Technology) was terminated on the Shanghai Stock Exchange. Due to the withdrawal of the issuance and listing application by Lianshi Technology and its sponsor, the Shanghai Stock Exchange terminated its issuance and listing review in accordance with the relevant provisions of Article 63 of the “Shanghai Stock Exchange Stock Issuance and Listing Review Rules”.

According to the prospectus, Lianshi Technology is a technology-based enterprise with the mission of “putting the wings of technology into agricultural modernization”, dedicated to intelligent agricultural machinery and equipment and research and development of agricultural technology-related technologies to provide intelligent products and solutions for smart agriculture. The company's main business products include agricultural machinery autonomous driving systems, intelligent operation control systems, positioning terminals and accessories, intelligent agricultural machinery equipment products and smart farm solutions.

According to the “Agricultural Machinery Autonomous Driving System Development Research Report” released by the China Agricultural Machinery Distribution Association in April 2023, the company has been in a leading position in the domestic agricultural machinery autonomous driving system market share ranking all year round, ranking first in the domestic agricultural machinery autonomous driving system market share for a total of four times between 2018 and 2022, and the company is the only company that ranks first in the top three and cumulative ranking.

On the basis of the development of agricultural machinery autonomous driving systems, the company laid out products around the entire process of farming, planting, management, and harvesting, and created an “AF series autonomous driving, driverless driving, intelligent operation” agricultural machinery equipment intelligent product matrix suitable for various farmland topography, various types of agricultural machinery, various operating environments, and various work processes, and a “stand-alone intelligence → unmanned management of the entire farming and harvesting process”, which relies on the deep integration of intelligent equipment with the Internet of Things, big data, artificial intelligence, 5G and other new technologies. It is a domestic agricultural farm solution. Autonomous driving of machines and An agricultural technology enterprise with a full range of intelligent operation control products, a wide range of application scenarios, fast innovation, and many smart farm project implementation cases.

In terms of performance, in 2020, 2021, and 2022, Lianshi Technology achieved revenue of about 172 million yuan, 220 million yuan, and 315 million yuan respectively, and net profit of 284.12,200 million yuan, 22.8022 million yuan, and 52,8493 million yuan respectively.