United Power Gains Approval for ChiNext Listing

United Power has obtained approvals for listing on Shenzhen's ChiNext Market. Shenzhen Inovance Technology specializes in industrial automation solutions and systems, with a focus on variable speed drives, frequency converters, and electrical voltage control and monitoring systems. China accounts for 95.7% of net sales.

United Power, a leading provider of industrial automation solutions and systems, has successfully obtained approvals for listing on Shenzhen's ChiNext Market. The company specializes in the design, development, and marketing of industrial automation solutions, with a significant focus on variable speed drives, frequency converters, and electrical voltage control and monitoring systems United Power Obtains Approvals for Listing on Shenzhen's ChiNext Market^[1]. The approval marks a strategic move for United Power, positioning it to tap into the robust growth opportunities in the industrial automation sector.

Shenzhen Inovance Technology Co., Ltd., the parent company of United Power, reported that China accounts for 95.7% of its net sales, indicating a strong market presence and significant potential for growth in the region United Power Obtains Approvals for Listing on Shenzhen's ChiNext Market^[1]. The listing on the ChiNext Market, known for its focus on innovative and high-growth companies, is expected to provide United Power with access to substantial capital and increased visibility among investors.

The approval comes amidst a broader regulatory push in China aimed at fostering fair competition in the new energy vehicle (NEV) sector. The Ministry of Industry and Information Technology, along with several other government bodies, has rolled out a three-month nationwide campaign to curb online misconduct in the auto industry China launches 3-month crackdown on online misconduct in auto industry^[2]. This initiative seeks to address illegal profiteering, exaggerated advertising, and malicious defamation, creating a healthier environment for the industry's high-quality development.

United Power's listing on the ChiNext Market is a testament to its strong market position and growth potential. The company's focus on industrial automation solutions, coupled with its significant presence in China, positions it well to capitalize on the growing demand for advanced industrial technologies. Investors and financial professionals should closely monitor United Power's progress as it navigates the listing process and explores new growth opportunities.

United Power Obtains Approvals for Listing on Shenzhen's ChiNext Market^[1]: Shenzhen Inovance Technology Co., Ltd. specializes in the design, development and marketing of industrial automation solutions and systems. Net sales break down by family of products as follows: - industrial automation systems (87.2%): variable speed drives, frequency converters, inverters, electrical voltage control and monitoring systems, control and drive systems, robots, etc.; - others (12.8%): new energy vehicles and rail transport systems. China accounts for 95.7% of net sales.

China launches 3-month crackdown on online misconduct in auto industry^[2]: China will roll out a three-month nationwide campaign to curb online misconduct in the auto industry, aiming to foster fairer competition in the country’s rapidly growing new energy vehicle (NEV) sector, according to a notice released on Wednesday by the Ministry of Industry and Information Technology.