Haocreat Ruichuan's IPO on the Growth Enterprise Market has been approved, focusing on intelligent power distribution equipment and digital solutions for distribution networks.

On June 17, Beijing Haocruiruitong Electrical Equipment Co., Ltd. (referred to as: Haocruiruitong) passed the listing committee meeting of the Shenzhen Stock Exchange ChiNext IPO. The sponsor institution is Changjiang, with a planned raise of 476.54 million yuan. The prospectus shows that Haocruiruitong is a high-tech enterprise focusing on smart distribution equipment and digital solutions for distribution networks. It is mainly engaged in the research, development, production, and sales of smart distribution equipment, including smart ring network cabinets, smart pole-mounted switches, and box-type substations. Smart distribution equipment is essential for the intelligent upgrade of distribution networks and the construction of new power systems, improving the flexibility and efficiency of power systems to meet the requirements of the development of digital, automated, and networked power systems. It is a key equipment for building intelligent dispatching systems, achieving interactive energy supply, multiple energy coordination, and intelligent control of energy demand, and it is a crucial support for the digital transformation of distribution networks. The company adheres to a development strategy of product research and technological innovation, forming a core technology system mainly integrating fault location and self-healing technology for distribution networks, IoT and integrated design technology for sensing components of distribution equipment, new high-precision power sensor technology, and normal pressure sealed air insulation technology. The funds raised in this issuance are approved by the company's shareholders' meeting. After deducting issuance expenses, the funds will be used for investment in the following projects: In terms of finances, in the years 2022, 2023, and 2024, Haocruiruitong is expected to achieve operating revenues of approximately 560 million yuan, 672 million yuan, and 867 million yuan, respectively. During the same period, the company is expected to achieve net profits of approximately 68.76 million yuan, 87.41 million yuan, and 111 million yuan, respectively.