CSRC approved Yilian Technology's application for an IPO on the Growth Enterprise Board.

On August 2nd, the China Securities Regulatory Commission issued the "Approval of Shenzhen Yilian Technology Co., Ltd.'s First Public Offering of Stocks". It is reported that Yilian Technology plans to go public on the Shenzhen Stock Exchange's Growth Enterprise Board, with China Merchants Securities Co., Ltd. as the IPO sponsor, aiming to raise 1.19329 billion yuan. The prospectus shows that Yilian Technology is a product and solution provider that integrates research, design, production, sales, and services of electrical connection components. The company has deeply cultivated the field of electrical connection components and has built production bases in various locations such as Shenzhen, Fuzhou, Liyang, Yibin, and Yueqing, covering a wide range of products including battery connection components, power transmission components, and low-voltage signal transmission components. It has formed an industrial development pattern with new energy vehicles as the main focus, advancing simultaneously in energy storage systems, industrial equipment, medical devices, consumer electronics, and other application areas. With years of experience in the electrical connection components industry, Yilian Technology is one of the few product suppliers that cover multiple application areas in the industry. Currently, the company has developed an industrial pattern where new energy vehicles are the main focus, advancing simultaneously in energy storage systems, industrial equipment, medical devices, and consumer electronics. Yilian Technology has gained wide recognition from customers in various downstream industries with its strong research and development technology, excellent operational management capabilities, and rapid customer service capabilities. The company has established stable cooperation relationships with multiple new energy power battery companies such as Contemporary Amperex Technology, Sunwoda Electronic, Weir Electric, and vehicle manufacturers such as Xiaopeng Motors and LEAPMOTOR, steadily increasing market share.