Suzhou Huazhijie Telecommunications Approved for Shanghai IPO

On April 11, 2025, the China Securities Regulatory Commission (CSRC) announced its approval for Suzhou Huazhijie Telecommunications Co., Ltd. to register for an initial public offering (IPO) on the main board of the Shanghai Stock Exchange. This decision follows a thorough review of the company's registration application and the Shanghai Stock Exchange's audit opinion, in accordance with relevant regulations including the Securities Law of the People's Republic of China, the Company Law of the People's Republic of China, and the Measures for the Administration of the Registration of Initial Public Offerings of Stocks.

The CSRC's approval includes several key points. Firstly, it agrees to the company's registration application for its first public offering of shares. Secondly, the company must strictly adhere to the prospectus and underwriting plan submitted to the Shanghai Stock Exchange for this issuance. Thirdly, the approval is valid for 12 months from the date of agreement. Lastly, the company is required to report any significant events to the Shanghai Stock Exchange and handle them according to relevant regulations from the date of approval until the completion of the share issuance.

This development marks a significant milestone for Suzhou Huazhijie Telecommunications, which initially applied for an IPO on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange in September 2020. The company successfully passed the review in July 2021 and submitted its registration to the CSRC in October of the same year. During the review process, there were questions raised about the company's core technology and its advancement.

Suzhou Huazhijie Telecommunications is positioned in the intelligent control industry, focusing on providing intelligent, safe, and precise key functional components for products in the electric tool and consumer electronics sectors. The company's primary business involves the research, development, production, and sales of components for electric tools and consumer electronics. Its main products include intelligent switches, intelligent controllers, brushless motors, and precision structural parts for electric tools, as well as precision structural parts and switches for consumer electronics.

The company has developed a core technology portfolio of 32 foundational technologies, including "low resistance, low heat dual MOSFET circuit technology," "non-dismantling program update burning technology," and "dual motor and control system technology." These technologies can be further extended to various fields such as smart home appliances and new energy vehicles.

In terms of partnerships, Suzhou Huazhijie Telecommunications has established long-term and stable cooperative relationships with renowned domestic and international electric tool and consumer electronics brands and manufacturers. The company is a trusted partner for well-known enterprises such as Black+Decker, TTI Group, Jarden, Makita, and Delta Electronics.

The approval by the CSRC is a crucial step for Suzhou Huazhijie Telecommunications as it prepares to list on the main board of the Shanghai Stock Exchange. The company, with the support of its underwriter, China International Capital Corporation Limited, aims to raise funds through this IPO. The successful registration and subsequent listing will provide the company with the necessary capital to further its business operations and strategic initiatives.