The China Securities Regulatory Commission (CSRC) has approved New Asia Electric Cable's application for an initial public offering (IPO) on the Shenzhen Stock Exchange main board.

On January 10th, the China Securities Regulatory Commission issued the approval for the initial public offering of shares of Guangdong Xinya Opto-Electrical Cable Co., Ltd. It is reported that Xinya Cable plans to list on the main board of the Shenzhen Stock Exchange, with GF Securities as its sponsoring institution, aiming to raise 439.08 million yuan. According to the prospectus, Xinya Cable is a company specializing in the research, production, and sales of wires and cables. Its main products include power cables, cables for electrical equipment, overhead wires, etc. After years of independent technological innovation and market experience, the company's products are stable, reliable, and diverse, widely used in the fields of power, rail transportation, construction engineering, new energy, intelligent manufacturing equipment, etc. Since its establishment, the company has been focusing on the wire and cable industry, and after more than 20 years of development, it has become one of the competitive enterprises in China's wire and cable industry. With reliable product quality, excellent manufacturing capabilities, rich project experience, and quick response to customer service, the company has built strong competitiveness and brand influence in the industry, especially with high visibility in the southern region. The company's brand "SHINE" was awarded as the "China Famous Trademark" in 2009 and is a representative enterprise with significant influence in the wire and cable industry and the largest producer and distributor of bare wires in the southern region.