Qinghui Technology (QHT.US), a Chinese auto parts manufacturer, has filed for a US IPO to raise $7 million.

Qinhui Technology International, a Chinese automotive parts manufacturer, filed a preliminary prospectus with the U.S. Securities and Exchange Commission on Tuesday for an initial public offering. The company, headquartered in Wuhu, China, plans to sell 1.3 million shares at $5 to $6 each, raising $7 million. At the midpoint of the proposed price range, Qinhui Technology would be valued at $9.5 million.

Qinhui Technology produces and sells parts and components for passenger vehicles, trucks, and train cars through its operating subsidiaries in China. Its well-known products include the LNG tank frame for trucks.

Founded in 2002, Qinhui Technology had $30 million in revenue over the 12 months ended June 30, 2024. The company plans to list on the Nasdaq under the ticker "QHT." It filed confidentially on September 12, 2024. Kingswood Capital Markets is the sole bookrunner for the deal.