icon
icon
icon
icon
$300 Off
$300 Off

News /

Articles /

Contemplate Software's IPO on the GEM has been "terminated (withdrawn)" and the company is dedicated to the research and development of operating systems, focusing on domestic substitution.

Market IntelMonday, Jan 6, 2025 3:00 am ET
2min read

On January 5, Beijing ConThink Software Co., Ltd. (hereinafter referred to as ConThink Software) terminated its IPO on the Shenzhen Stock Exchange's GEM. ConThink Software and its sponsor withdrew their IPO application, and according to Article 62 of the "Shenzhen Stock Exchange Stock Issuance and Listing Review Rules", the Shenzhen Stock Exchange decided to terminate its IPO review.The prospectus shows that ConThink Software is mainly engaged in the research and development of operating systems and develops system function software and cloud computing products based on them. The company serves the construction of the security capability of China's critical information infrastructure, and its core products are ConThink Security Operating System and system function software and cloud computing products based on downstream customers' specific application scenarios, mainly applied in the production and key business systems of the power industry; at the same time, the company provides technical services around ConThink Security Operating System.The domesticization rate of operating systems is low. According to iResearch data, the domesticization rate of operating systems in China is less than 5% in 2022. In 2021, China's "14th Five-Year Plan and 2035 Vision Outline" and "14th Five-Year Plan for the Development of Software and Information Technology Services" were released, and basic software represented by operating systems has become a key direction for the country to focus on and guide. The development of autonomous and controllable domestic substitutes in operating systems and other fields has become an irreversible development trend.According to the China Academy of Information and Communications Technology, in 2021, the company's market share of server operating systems in the power industry was 26.9%, ranking first among domestic vendors. At the same time, the company has gradually extended its industrialization experience accumulated in the power industry to the telecommunications, transportation, finance and other industries, providing products and services to telecom operators, China Railway Group and state-owned large commercial banks.In the future, with the accelerated development of China's digital economy, the domestic software industry will usher in new development opportunities. Operating systems, as key basic software, are a key area of national strategic support. The Company will adhere to the mission of "realizing the domesticization and security of large-scale basic industry operating systems" and continuously enhance its operating system development capabilities to continuously improve its product system.The actual funds raised from the issuance of new shares will be used for projects related to the Company's main business and working capital needed for the development of its main business, as follows:Financially, ConThink Software's revenue was RMB142 million in 2020, RMB172 million in 2021 and RMB211 million in 2022, and its net profit was approximately RMB105 million, RMB103 million and RMB121 million, respectively, during the same period.

Comments

Add a public comment...
Post
User avatar and name identifying the post author
HENRY HILLS
01/06

A big thank you to the amazing Susan Brookes for helping me grow my wealth through smart investing!

Your expertise and guidance have been a game-changer for me. Your ability to explain complex investing concepts in a clear and concise way has given me the confidence to take control of my financial future.

I'm grateful for your support and wisdom!

For better analysis and trading success I highly recommend Susan Brookes for the job as your personal coach

She head a group network of people that help share thrilling and life changing tutorial which helps us navigate the problems in trading

She's always active On her WhatsApp +1 (472) 218-4301 for more information about her still her

0
Reply
User avatar and name identifying the post author
AGNES MORALES
01/06

Weeks ago I started my trading journey with $1000 and didn’t have much experience. After few days of consistent work and following the recommendations of Elizabeth Towles on Whatsapp +1563 279-8487,I managed to grow my account to $8850


0
Reply
User avatar and name identifying the post author
BEARTRAP
01/06

As Donald Trump prepares to take office on January 20, 2025, the cryptocurrency landscape stands at the cusp of transformation. His administration's support for digital assets, evidenced by key appointments like Paul Atkins at the SEC and David Sacks in advisory roles on AI and blockchain, indicates a potential shift towards crypto-friendly policies. This evolving environment creates a timely opportunity for investors to explore the market before regulatory changes take effect. Taking decisive action now and consulting trusted experts, such as (Kina Lopez) on Facebook. can provide valuable insights to navigate this promising yet dynamic period.

0
Reply
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App