On January 10, the China Securities Regulatory Commission approved the registration of Guangdong Xinyaguang Cable Co., Ltd.'s initial public offering. Xinyaguang Cable plans to list on the Mainboard of Shenzhen Stock Exchange, with Guangfa Securities as its sponsor, and aims to raise Rmb439.08mn.According to the prospectus, Xinyaguang Cable is a company specializing in the research, production, and sales of wires and cables. Its main products include power cables, electrical equipment cables, and overhead lines, among others. Through years of independent technological innovation and market experience, the company has achieved stable and reliable product quality and a diverse range of products, widely applied in the fields of power, urban rail transit, construction engineering, new energy, and intelligent manufacturing equipment.Since its establishment, the company has focused on the wires and cables industry for over two decades and has become one of the competitive enterprises in China's wires and cables industry. With its reliable product quality, advanced manufacturing capabilities, rich project experience, and fast customer service, Xinyaguang Cable has formed strong competitiveness and brand influence in the industry, especially in the South China region, where its brand "Xinyaguang SHINE" was recognized as a "China Famous Brand" in 2009. The company is a representative enterprise with significant influence in the wires and cables industry and the largest manufacturer and seller of bare conductors in South China.