CSRC approves Yalian Machinery's IPO registration on the Shenzhen Stock Exchange main board.

On November 15th, the China Securities Regulatory Commission issued the approval for the initial public offering (IPO) registration of Yalian Machinery Co., Ltd. It is reported that Yalian Machinery plans to list on the Shenzhen Stock Exchange main board, with Ping An Securities as the sponsor, aiming to raise 400 million yuan. According to the prospectus, Yalian Machinery is a supplier and service provider of overall solutions for the production equipment of engineered wood products. Its main business includes research and development, production, sales, and services of engineered wood production lines and supporting equipment. The company's core product is continuous flat-press production lines, and based on this, it provides steel belt products and transformation services according to customer needs, providing equipment and technical support for downstream enterprises producing fiberboard, particleboard, and other types of engineered wood and new materials. The company has mastered key equipment manufacturing technology and system integration technology in the field of engineered wood equipment manufacturing, successfully replacing imported high-end equipment with domestic production lines. It has introduced industry-leading products such as the world's first thin bamboo particleboard production line, the world's first industrial continuous flat-press reed particleboard production line, 0.8mm ultra-thin fiberboard production line, and continuous flat-press production line for decorative wood composite materials. According to data published by the National Forestry and Grassland Administration Forest Products Industry Planning and Design Institute and the Forestry Engineering and Equipment Professional Committee of the China Forest Products Industry Association, the company's market share in the continuous flat-press fiberboard and particleboard production lines put into operation from 2017 to 2023 is 48.08% and 28.72% respectively, ranking first and second in the industry.