Canuo Technology's GEM IPO “terminated (withdrawn)” focused on recycling and treatment of solid waste resources

The Zhitong Finance App learned that on October 15, Suzhou Jianuo Environmental Technology Co., Ltd. (abbreviation: Jiano Technology) Shenzhen Stock Exchange GEM IPO review status changed to “terminated (withdrawn)”. Due to the withdrawal of the issuance and listing application by Ganuo Technology and the sponsor, the Shenzhen Stock Exchange decided to terminate its issuance and listing review in accordance with Section 62 of the “Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (2024 Revision)”.

According to the prospectus, Jianuo Technology is a high-tech enterprise engaged in R&D, production and sales of solid waste resource recycling and treatment equipment. It has always focused on the proper recycling and treatment of solid waste. It actively lays out and waits for time in strengthening the comprehensive utilization of bulk solid waste, improving resource recycling, and promoting the reduction of domestic waste resources to help the “circular economy” and “double carbon strategy.”

After years of R&D, innovation and practical accumulation, the company has mastered five core solid waste treatment technologies, including intelligent image sorting, mechanical crushing, biological treatment, and transportation and access, and has formed four mature environmental treatment equipment products, including screening, intelligent sorting, crushing and transportation. At the same time, it can flexibly combine various types of equipment to form customized solid waste treatment complete equipment to provide customers with stable, efficient and low-consumption solid waste treatment and resource utilization overall solutions.

As the market in the field of solid waste recycling and treatment continues to expand, the company's business continues to expand in various solid waste treatment fields. Currently, the company's customers mainly include local government investment platforms, municipal units and their investors, large-scale environmental protection treatment enterprises, and general contractors for environmental protection projects with good credit.

The funds raised this time are mainly used to invest in the following projects:

On the financial side, in 2020, 2021, and 2022, Canuo Technology achieved revenue of approximately RMB 256 million, RMB 372 million, and RMB 347 million, respectively; net profit for the same period was RMB 27.575 million, 61.4493 million, and RMB 67.812 million, respectively.