China Securities Regulatory Commission (CSRC) approves Zhejiang Huaye's registration for initial public offering (IPO) on the Shenzhen Stock Exchange's ChiNext board.

On January 16th, the China Securities Regulatory Commission issued the "Approval for the Initial Public Offering Registration of Zhejiang Huaye Plastic Machinery Co., Ltd." It is reported that Zhejiang Huaye plans to be listed on the ChiNext board of the Shenzhen Stock Exchange, with Haitong as its sponsoring institution, aiming to raise 672 million yuan. According to the prospectus, Zhejiang Huaye is deeply involved in the plastic machinery parts industry, mainly engaged in the research, development, production, and sales of core components of plastic molding equipment. Its main products include screws, barrels, columns, and related components for plastic molding equipment, primarily used in injection molding machines, extruders, and other plastic molding equipment. Injection molding equipment (also known as injection molding machines) is an important branch of the plastic machinery industry in China, with the highest production output, highest value, and most exports. The plastic products produced by injection molding equipment can be widely used in automotive, household appliances, 3C products, plastic packaging, plastic building materials, and other fields.