Haochuang Ruitong Clears ChiNext Listing, Aims to Raise 4.7654 Billion Yuan

Beijing Haochuang Ruitong Electric Equipment Co., Ltd. (Haochuang Ruitong) has successfully passed the listing review for the ChiNext board of the Shenzhen Stock Exchange. The company, which focuses on intelligent power distribution equipment and digital solutions for power distribution networks, aims to raise 4.7654 billion yuan through its initial public offering (IPO).

Haochuang Ruitong is a high-tech enterprise dedicated to the research, development, production, and sales of intelligent power distribution equipment. Its main products include intelligent ring main units, intelligent pole-mounted switches, and box-type substations. These products are crucial for upgrading power distribution networks to smart grids, enhancing the flexibility and efficiency of power systems, and meeting the demands of digital, automated, and networked power systems. They support the construction of intelligent dispatching systems, enabling source-grid-load-storage interaction, multi-energy coordination, and intelligent demand response.

The company's core technologies include power distribution network fault location and self-healing technology, power distribution equipment state sensing element internet of things and integrated design technology, new high-precision power sensors, and constant pressure sealed air insulation technology. These technologies form the backbone of Haochuang Ruitong's innovative strategy, driving its product development and market competitiveness.

The funds raised from this IPO will be used for various investment projects, as approved by the company's shareholders. These projects include the expansion of production capacity, research and development of new technologies, and enhancement of the company's market position. The successful IPO will provide Haochuang Ruitong with the necessary capital to further its growth and innovation in the intelligent power distribution sector.

In terms of financial performance, Haochuang Ruitong reported revenue of approximately 5.6 billion yuan, 6.72 billion yuan, and 8.67 billion yuan for the years 2022, 2023, and 2024, respectively. The company's net profit for the same periods was approximately 687.607 million yuan, 874.074 million yuan, and 1.11 billion yuan, respectively. This consistent growth in revenue and profit underscores the company's strong market position and operational efficiency.