Kunlun Unicom s IPO was terminated with an annual revenue of 2.1 billion and planned to raise 500 mi

Mondo Finance Updated on 2024-03-03

Lei Jianping on March 3

Beijing Kunlun Unicom Technology Development Co., Ltd. *** referred to as "Kunlun Unicom") was terminated a few days ago.

Kunlun Unicom submitted its prospectus on June 9, 2023 to be listed on the main board of the Shanghai Stock Exchange, but its IPO journey ended on March 1, 2024.

Kunlun Unicom originally planned to raise 53.8 billion yuan, of which, 2700 million yuan will be used for business development and service system construction projects, 100 million yuan will be used for intelligent operation and maintenance platform upgrade projects, 86.05 million yuan will be used for R&D center construction projects, and 80 million yuan will be used for supplementary working capital projects.

Annual revenue of 206.7 billion

Kunlun Unicom is a professional IT infrastructure solution provider, providing IT infrastructure solutions, IT operation and maintenance services and IT value-added supply services for the IT infrastructure construction needs of enterprises at different stages of development, including IT infrastructure solutions, cloud computing solutions and information security solutions.

Kunlun Unicom is driven by consulting solutions and embodied in product delivery, providing customers with IT infrastructure solutions and products.

According to the prospectus, Kunlun Unicom's revenue in 2020, 2021, and 2022 will be 132.5 billion yuan, 165.1 billion yuan, 20$6.7 billion; The net profit was 74.73 million yuan and 7825 yuan respectively80,000 yuan, 898690,000 yuan; The net profit after deducting non-profits was 70.38 million yuan and 74.84 million yuan respectively450,000 yuan, 84.45 million yuan.

Hu Hengyuan controlled 4866% equity

Before the IPO, Hu Hengyuan held 2,425 in Kunlun Unicom680,000 shares, accounting for 3369%, and Hu Hengyuan is Kunlun Partnership, a shareholder of Kunlun Unicom (holding 1,077840,000 shares with a shareholding ratio of 1497%). Hu Hengyuan controlled a total of 48 Kunlun Unicom66% of the shares are the controlling shareholders and actual controllers of Kunlun Unicom.

Hu Hengyuan, born in 1970, graduated from Peking University with a master's degree in computer software. From August 1996 to 1998, he served as the first engineer of computer technology in Beijing Aode. He joined Kunlun Co., Ltd. in 1998 and is one of the founders of the company. From 1998 to 2015, he successively served as deputy general manager, general manager and executive director of Kunlun Co., Ltd. Since December 2015, he has served as the chairman and general manager of the company.

Jin Jian holds 1871%, and Kunlun Partners holds 1497%, Cui Yue holds 1048%, Zhang Hong holds 101%, Liu Xumei holds 524%, Yan Qiang's shareholding is 394%, and Li Changrong holds 17%, Zuo Xianchao's shareholding is 117%。

Jin Jian is the secretary of the board of directors and chief financial officer of the company, Cui Yue is the director and deputy general manager, and Zhang Hong is the manager of the administration department. Zhang Hong is the spouse of Liu Xumei's sister.

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