Haobo Window Control Terminates 5.7 Billion Yuan IPO

On May 10, the Shenzhen Stock Exchange (SZSE) announced the termination of the initial public offering (IPO) review process for Shenzhen Haobo Window Control Technology Co., Ltd. (Haobo Window Control). The decision was made after the company and its sponsor, Guotai Junan Securities, submitted a withdrawal application. This move was in line with the provisions of the "Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (2024 Revision)" Article 62.

Haobo Window Control, a research-driven provider of system window control devices and comprehensive solutions, had initially planned to raise 5.7 billion yuan through its IPO. The company's main products include window control devices, intelligent window control products, and STORO system window solution products, targeting customers in the home improvement window market.

The company has established several well-known brands, including wehag, HOPO, iHandle, HESE, and HOPO essential. These brands cater to a wide range of customers with varying needs, from high-end to budget-conscious. The company's sales channels cover over 5,000 window manufacturers nationwide, with key clients including Merser, Xinhau Xuan, Paiya, Fuxuan, Xuanisi, Yihe, Feiyu, Huangpai, Milan Window, Anger, Walen, and Youdun.

The decision to terminate the IPO process highlights the challenges faced by companies in the window control industry. Despite its strong financial performance and established market presence, Haobo Window Control's withdrawal from the IPO process suggests that the company may have encountered unforeseen obstacles or strategic shifts. The termination of the IPO process does not necessarily reflect negatively on the company's financial health or market prospects but rather indicates a change in its strategic direction.