Better Electronic's IPO on the Shenzhen Stock Exchange has been terminated. The company is mainly engaged in the research and development, production, and sales of power electronic protection components and related accessories.

On August 28th, Dongguan Bet Electronic Technology Co., Ltd. (referred to as Bet Electronic) terminated its IPO on the ChiNext board of the Shenzhen Stock Exchange. This was due to Bet Electronic and the sponsor withdrawing their application for listing. According to the "Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (revised in 2024)" Article 62, the Shenzhen Stock Exchange decided to terminate the listing review. The prospectus shows that Bet Electronic is mainly engaged in the research, development, production, and sales of power electronic protection components and related accessories. Its main products include power fuses, electronic fuses, resettable fuses, thermal fuses, and resettable temperature controllers. Since its establishment in 2003, for the past twenty years, Bet Electronic has been dedicated to the research, development, production, and sales of power electronic protection components and related accessories. With years of brand accumulation and reputation building, the Bet Electronic brands "Bet Defender," "ADLER," and "ASTM" have gained a good reputation in both domestic and overseas markets and have a strong market influence. In the circuit protection device industry, European and American well-known companies form the first tier, with Bet Electronic, Xi'an Sinofuse Electric, Hollyland, and Junwei Electronics representing the second tier of rapidly developing companies. There are numerous small and medium enterprises competing fiercely in the third tier in the low-end product market. Compared to the first-tier European and American companies, the company's products have a strong price advantage. Compared to the second-tier domestic companies, the company has a larger scale, a full range of product types, stable quality, and strong competitiveness in the domestic market. The founders and technical management team of Bet Electronic mainly come from the domestic subsidiary of the former German well-known power electronic protection component manufacturer WICKMANN. With nearly twenty years of technological accumulation and market experience, the company's product line now includes electronic fuses, new energy and photovoltaic power fuses, over-temperature protection components, and other product series, presenting a complete product range. With continuous technological innovation, stable product quality, timely after-sales service, and a good brand image, the company has gradually become one of the leading enterprises in the field of power electronic protection components in China. According to a report by Paumanok Publications Inc., the global fuse industry is still dominated by overseas companies, with the company's market share in the fuse market increasing to 3.98% in 2021-2022 and 4.30% in 2022. In terms of finance, in the fiscal years 2021, 2022, and 2023, Bet Electronic achieved revenues of approximately 449 million, 561 million, and 627 million yuan respectively, with net profits of approximately 33.92 million, 90.25 million, and 110 million yuan during the same period.