Qichacha's Shanghai Stock Exchange Main Board IPO "terminated"

On October 9, the IPO review status of Qichacha Technology Co., Ltd. (abbreviated as: Qichacha) on the Shanghai Stock Exchange Main Board was changed to "terminated." Because Qichacha and its sponsor withdrew the issuance and listing application, in accordance with the relevant provisions of Article 63 of the Shanghai Stock Exchange Rules for the Review of Stock Issuance and Listing, the Shanghai Stock Exchange terminated its issuance and listing review. The prospectus shows that Qichacha is a professional comprehensive commercial big data service provider, with the corporate mission of "discovering data value and enabling efficient decision-making," committed to providing accurate, efficient, and convenient commercial data services to help users quickly understand the credit, risks, business opportunities, information, and other aspects of various commercial entities, thereby improving decision-making efficiency and empowering business development. The company mainly uses public information disclosed in accordance with law by government departments at all levels, judicial authorities, industry associations, and others as its main basic raw material. Centering on the application needs of different real economy sectors, it collects, cleans, labels, mines, and analyzes commercial big data from massive internet data sources, uses advanced technical means such as artificial intelligence, big data mining, and visual analysis to carry out in-depth structured and tagged processing, establishes connections among discrete data with related relationships, and, based on a deep understanding of user application scenarios, forms membership-based products mainly for individual users, as well as products or services such as Qichacha Professional Edition and data interface services mainly for enterprise-level users. The company's C-end business mainly consists of selling membership-based products and a small portion of data interface services ordered online directly to individual users through the App, Web, or mini-programs. Individual users mainly pay the company through third-party payment platforms such as WeChat, Alipay, and UnionPay. The company's B-end business adopts a direct sales model, mainly conducting marketing work through its own sales team. The company's various products have a wide range of application scenarios, mainly serving practitioners in the financial and legal industries, government public officials, and corporate legal, sales, and procurement personnel. The company's C-end products have achieved scenario applications in many industries, including banking, securities, internet, legal, government, manufacturing, and real estate. The company's B-end products mainly serve supply chain, legal, finance, sales, and strategy departments across various industries, risk control departments of financial institutions, investment promotion departments in the real estate industry, media, and various professional service industries. During the reporting period, the company's main customers included Agricultural Bank of China Limited, Bank of China Limited, Douyin Group, Tianjin Jincheng Bank Co., Ltd., PICC Property and Casualty Company Limited, Bairong Yunchuang Technology Co., Ltd., and others. In terms of financials, in 2023, 2024, and 2025, the company achieved operating revenue of approximately RMB 618 million, RMB 708 million, and RMB 787 million, respectively; during the same periods, the company achieved net profit of approximately RMB 259 million, RMB 317 million, and RMB 377 million, respectively.