CSRC approves Huazhijie's application for listing on the Shanghai Stock Exchange main board IPO.

On April 11, the China Securities Regulatory Commission announced its approval of the initial public offering of Suzhou Huazhijie Telecommunication Co., Ltd. It is reported that Huazhijie plans to list on the main board of the Shanghai Stock Exchange, with China Securities Co., Ltd. as the sponsor, and plans to raise 486 million yuan. The prospectus shows that Huazhijie is positioned in the intelligent control industry, and is a supplier dedicated to providing intelligent, safe, and precise key functional components for products in the electric tool and consumer electronics fields. The company is mainly engaged in the research, development, production, and sales of components for electric tools, consumer electronics, including intelligent switches, controllers, brushless motors, precision structural components, and switches for consumer electronics. The company has developed a combination of 32 underlying technologies centered around "low-resistance, low-heat dual MOSFET circuit technology," "non-removable update program burning technology," and "dual motor and control system technology" in the field of lithium-ion electric tools and consumer electronics, which can further expand to smart home, new energy vehicles, and other fields. In terms of cooperation, the company has established long-term stable relationships with well-known electric tool and consumer electronics brands and manufacturers domestically and internationally, becoming a partner of well-known companies such as Bosch, TTI Group, JSDA Group, Makita Group, and Delta Group.