Following the root of the Internet, another industrial Internet platform provider, terminated the IPO of the science and Technology board!

On November 9, Lankun Wisdom voluntarily withdrew its listing application, and the Shanghai Stock Exchange terminated its listing review.

On September 30 this year, because the financial information exceeded the validity period, the Shanghai Stock Exchange had suspended the listing audit of Lankun Wisdom. Since then, Lankun Wisdom has not submitted new financial information, so its prospectus declaration draft remains in the June 2022 version.

According to the prospectus, Langkun Wisdom originally planned to raise 689 million yuan, according to the minimum issuance ratio of 25%, the company’s issuance market value of about 2.756 billion yuan.

It should be noted that the industrial Internet circuit where Langkun wisdom is located is highly competitive and “masters gather” : traditional manufacturing manufacturers such as Haier, Aerospace Science and Industry, Root Internet, Xugong Hanyun, industrial software manufacturers such as Zhongcong Technology, UFida Software, communication companies such as Huawei and the three major operators, as well as Ali, Tencent, Baidu, Jingdong and other Internet companies.

The pressure of Langkun’s wisdom can be seen.

The Wu Aibin family holds nearly 63 per cent, while China Net Investment holds nearly 7 per cent

Born in 1969, Aibin Wu has worked in Jiangsu Provincial Building Materials Industry Bureau and Siemens Power Station Automation Co., LTD. He founded Langkun Co., LTD. (the predecessor of Langkun Wisdom) in November 1999, and has been serving as the chairman.

Langkun Wisdom is a provider of industrial software products and industrial Internet platform, mainly engaged in the research and development, sales and operation of industrial software for production control and business management and industrial Internet platform for process industry.

In the field of industrial software, Langkun Wisdom has developed industrial software products that meet the needs of various process industrial enterprises; In the field of industrial Internet, the company has been laying out since 2016, independently developing and operating the Suchang Industrial Internet platform.

In terms of technology industrialization, Langkun Wisdom has provided industrial software and industrial Internet platform for thousands of large enterprises, widely used in power generation, building materials, chemical industry, metallurgy, coal and other industries, serving the top ten power generation groups including State Power Investment, National Energy Group, as well as China Building Materials Group, Sinopec Group and other asset-heavy process industry head enterprises.

As of the signing date of the prospectus, Wu Aibin directly holds 46.35% shares of Langkun Wisdom and is the controlling shareholder of the company.

In addition, Wu Aibin’s spouse, Wang Xiaoning, has served as Langkun’s human resources manager, assistant to the president, assistant to the chairman, director and secretary of the Board of directors since 2008. Wang Xiaoning directly holds 0.37% of the company’s equity, and indirectly controls 10.42% of voting rights through employee shareholding platforms Yukai Investment and Kaiyu Investment.

Wu Aibin’s daughter directly owns 2.4% of the company and indirectly controls 3.15% through Langkun Xinda.

The prospectus shows that Wu Aibin, Wang Xiaoning and Wu Yuqiao, the actual controllers of Lankun Wisdom, collectively hold 62.69% of the company’s equity through direct and indirect means.