Shanxi Electric Power Co., Ltd. approved for IPO on the Shenzhen Stock Exchange, focusing on smart grid monitoring and new energy.

On April 10, Shandong Shanda Electric Power Technology Co., Ltd. (referred to as Shanda Electric Power) passed the listing committee of the Shenzhen Stock Exchange ChiNext IPO. Industrial is the sponsor institution, with plans to raise 500 million yuan. According to the prospectus, Shanda Electric Power is a high-tech enterprise dedicated to the research and industrialization of intelligent products related to power systems. Based on the accumulated grid monitoring technology and electrical system design and integration capabilities in the field of smart grids, it has formed two major business segments: grid intelligence monitoring and new energy. The main products include fault recording and monitoring devices, transmission line fault monitoring devices, and time synchronization devices, which are leading in their respective industries. Shanda Electric Power is one of the earliest companies to enter the power system monitoring industry and is a well-known expert in power system fault monitoring and analysis. Since its establishment in 2001, the company has always been oriented towards technological innovation, adhering to independent research and development, closely following industry trends and market demands, and continuously promoting the industrialization of technological achievements. It has developed a series of products and application platforms covering power transmission, transformation, distribution, and consumption fields. The company has established good cooperative relationships with State Grid, Southern Power Grid, and major power generation groups, with business operations covering 22 provinces, 5 autonomous regions, and 4 municipalities directly under the Central Government of China, excluding Hong Kong, Macao, and Taiwan. Its main products consistently maintain a leading market position and have won bids for multiple national key engineering projects. Since 2022, the company has provided transmission line fault monitoring devices, fault recording and monitoring devices, and time synchronization devices for the "Baihetan Hydropower Station West-East Power Transmission Artery Project," supporting the fault analysis and positioning of UHV DC transmission lines. The funds raised from the company's stock issuance will be invested in the following projects according to their urgency and importance. Financially, in the years 2022, 2023, and 2024, Shanda Electric Power achieved operating revenues of approximately 478 million yuan, 549 million yuan, and 658 million yuan respectively. During the same period, the company achieved net profits of approximately 76.98 million yuan, 103 million yuan, and 127 million yuan respectively.