Zhongji Tian Da's Shenzhen Stock Exchange IPO has been "terminated (withdrawn)". The company has currently delivered over 8500 passenger boarding bridges.

date
28/03/2025
avatar
GMT Eight
On March 27th, CIMC-Tianda Holdings Co., Ltd. (referred to as CIMC-Tianda) terminated its Shenzhen Stock Exchange ChiNext IPO. This decision was made as CIMC-Tianda and the sponsor withdrew their application for listing, in accordance with Article 62 of the Shenzhen Stock Exchange Rules for the Review of Stock Issuance and Listing. According to the prospectus, CIMC-Tianda is a global leading manufacturer of airport and logistics equipment, firefighting and rescue equipment. Leveraging its leading position in airport equipment globally, the company actively expands its airport and logistics, firefighting and rescue businesses along the two main lines of urbanization and automation, optimizing resource allocation and building a high-end manufacturing ecosystem. The company's airport and logistics equipment segment mainly includes passenger boarding bridges, airport ground support equipment, airport baggage handling systems, material handling systems, and intelligent warehousing systems. The products of passenger boarding bridges are currently present in markets in 81 countries or regions, covering 380 airports, with over 8,500 units delivered, ranking first in the world in terms of product deliveries during the reporting period. CIMC-Tianda possesses leading technology in this field and maintains a competitive advantage, with globally pioneering unmanned boarding bridges, intelligent parking guidance systems, wireless intelligent data acquisition, and monitoring and control systems significantly improving airport operational quality and efficiency, in line with the country's market demand for "four-type airports." The airport ground support equipment mainly includes airport shuttle buses, cargo loader platform trucks, aviation catering trucks, and ground air conditioning bridge equipment. The company continuously upgrades its existing products technologically, combining new energy technology and wireless intelligent monitoring systems to deliver electric airport shuttle buses, electric aviation food trucks, and technological upgrades for aircraft ground-specific air conditioning, promoting the intelligent and green development of airports worldwide. As of now, the company's business has essentially achieved full coverage in China, with a complete line of firefighting and rescue equipment products, comprehensive emergency rescue capabilities in "vehicles + equipment + services + station construction," and a cloud platform for the full lifecycle management of firefighting products. Through product interconnection, the company provides comprehensive support for users to build an intelligent rescue system, facilitating precise decision-making, rapid response, and intelligent management. The net proceeds from the issuance of new shares after deducting issuance expenses will be invested in the following projects: In terms of financials, CIMC-Tianda achieved operating income of approximately RMB 6.074 billion, RMB 6.769 billion, and RMB 6.672 billion in 2020, 2021, and 2022 respectively. During the same periods, the company realized net profits of approximately RMB 282 million, RMB 131 million, and RMB 197 million respectively.

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