2 withdraw IPO apply , Yunzhou intelligent, an unmanned boat enterprise “ swim ” Do not enter the scientific innovation board

source ： Straight through IPO（ID:zhitongIPO） author ： Wang Fei

By 2021 year 6 month , The undistributed profit of Yunzhou intelligent is -2.05 One hundred million yuan , There is a large amount of accumulated uncovered losses .

Go through twists and turns , Yunzhou intelligent, an unmanned boat enterprise, is still unable to “ swim ” Jinke Innovation Board . 

7 month 19 Sunday night , The website of Shanghai Stock Exchange shows , Yunzhou intelligent science and Technology Innovation Board IPO Change to termination status . Shanghai stock exchange , Because the issuer withdraws the listing application and the sponsor withdraws the recommendation , According to relevant regulations , The bourse terminates its examination of issuance and listing . 

source ： Screenshot of Shanghai Stock Exchange

The prospectus shows , Yunzhou intelligent is an unmanned boat and related service provider , We are committed to providing “ Unmanned boat +” Intelligent water solutions , Carry out dangerous work on behalf of others 、 Complicated 、 Inefficient water work . 

After more than ten years of development , Yunzhou intelligence has been developed and finalized for nearly 30 An unmanned boat product , Its products and services are applied in urban waters 、 Ocean engineering 、 Public safety 、 It is widely used in defense industry and other fields . 

Civil products business , Yunzhou intelligent series products have been sold all over the world 40 Multiple countries and regions , The number of customers served exceeds 500 individual , Deliver all kinds of unmanned boat products 2000 More than one .2020 year , The business income of Yunzhou intelligent civil products is 1.95 One hundred million yuan , According to the statistics of CCID consultants , It ranks first in the domestic civil unmanned boat industry . 

Defense business , Yunzhou intelligent self 2014 In, it began to focus on the field of national defense science, technology and industry , Provide customers with satisfaction The overall and supporting equipment of unmanned boats with different application needs 、 Training and test appraisal support equipment 、 Key technology development and service , To undertake the 41 A national defense project , It is one of the few domestic design and development of high-performance unmanned watercraft 、 Mass production sales and service capabilities , And has entered the mass production stage of high-tech national defense industrial enterprises . 

Relevant information display , Yunzhou intelligent plans to be listed on the science and Innovation Board of Shanghai Stock Exchange , To raise funds 15.50 One hundred million yuan , It is planned to be used in the construction project of small unmanned boat production base 、 Production base construction project of medium and large unmanned boats 、 Unmanned boat R & D center upgrading project 、 Marketing network and brand building project 、 Replenish working capital . 

2021 year 12 month , Yunzhou intelligent listing application was accepted by Shanghai Stock Exchange . But less than a month later , The service provider it employs —— Jindu law firm was filed for investigation by the CSRC , The relevant listing review has been suspended . 

This year, 2 month , Yunzhou intelligent resumed the review of issuance and listing . A little over a month later , Affected by the epidemic , Yunzhou intelligent machine intermediary failed to complete the due diligence within the specified time 、 Reply to inquiries , Smart regret applied to Shanghai stock exchange for suspension of audit . until 6 month , The Shanghai Stock Exchange has just replied to its IPO Review . 

It was not long after Yunzhou intelligent replied to the first round of inquiries of the Shanghai Stock Exchange , Yunzhou intelligent finally made the decision to withdraw its listing application .

The prospectus previously submitted by Yunzhou intelligence shows ,2018-2020 Years and 2021 year 1-6 month , The operating revenues of the company are 0.27 Billion 、0.64 Billion 、2.53 And one hundred million 1.18 One hundred million yuan ; The gross profit rates of the main businesses are 42.09%、 40.62%、37.32% And 51.40%; Net profit is -0.87 Billion 、-1.20 Billion 、-1.60 Billion 、-0.37 One hundred million yuan ; Deducting the net profit not attributable to the parent company is -0.94 Billion 、-1.30 Billion 、-1.30 Eva -0.47 One hundred million yuan . 

source ： Yunzhou smart prospectus  

By 2021 year 6 month 30 Japan , The undistributed profit of Yunzhou intelligent is -2.05 One hundred million yuan , There is a large amount of accumulated uncovered losses . Yunzhou intelligent said in the prospectus , The company may invest more resources in R & D in the future 、 Production and sales , Will face the risk of sustained losses . 

According to CCID consultant data ,2020 In, the market scale of civil unmanned boats in China was 3.3 One hundred million yuan , The market segment of Yunzhou intelligence is small . For example, the future unmanned boat industry cannot continue to explore new commercial applications , Or the growth rate of market scale in existing application fields is less than expected , Yunzhou intelligence will also face the risk of limited market development space . 

In addition to the small size of the market , Yunzhou intelligence inevitably faces the embarrassing situation of head customer concentration . The prospectus shows , During the reporting period , The sales amount of Yunzhou intelligent to the top five customers is 0.06 Billion 、0.21 Billion 、1.38 And one hundred million 0.81 One hundred million yuan , The proportion of the company's operating income in each corresponding period is 20.95%、32.49%、54.78% And 68.64%.2020 Years and 2021 year 1-6 month , The proportion of the company's sales revenue to the top five customers in the operating revenue exceeds 50%. 

The prospectus shows , By 2021 year 6 month 30 Japan , Yunzhou intelligent has a total of authorized patents 257 And software copyright 27 term , The company's R & D team has 172 people . The cumulative R & D investment of the company in the last three years is 1.56 One hundred million yuan , The recent proportion of the accumulated operating income in the last three years is 45.58%. After excluding the equity incentive fee , The cumulative R & D investment in the past three years is 1.01 One hundred million yuan , The proportion in the accumulated operating revenue of the last three years is 29.32%. 

It is worth noting that , During the reporting period , The proportion of R & D investment of Yunzhou intelligence in operating revenue basically shows a downward trend year by year ,2018 Up to 113.70%, and 2021 year 1-6 Month only 29.86%. 

Disclosure of information , Yunzhou intelligent has completed several rounds of financing before , Investors include Zhenge Fund 、 Investment capital 、 Zhencheng investment 、 Yuanxing capital, etc . 

The prospectus shows , The largest shareholder of Yunzhou intelligence is the company's founder 、 The chairman and CEO Zhang Yunfei , The shareholding ratio is up to 22.49%; Cheng Liang, co-founder of Yunzhou intelligence, holds shares 10.22%; Zhuhai Yunzhou people hold 6.00%; Huajin Lingyue holds shares of 5.38. 

source ： Yunzhou smart prospectus  

It is worth mentioning that , Yunzhou intelligent Angel round investor Zhenge fund holds shares 2.25%, Wang Changtian, the actual controller of ray media, also owns the company 0.05% shares .