New stock news: Estun Automation (002747.SZ) plans to make a Hong Kong IPO. The China Securities Regulatory Commission requires an explanation of the reasons for inconsistencies in the identification results of the controlling shareholder in the filed materials.

On August 8th, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing disclosure (August 1, 2025 - August 7, 2025). The CSRC requested Estun Automation (002747.SZ) to provide further explanation on the inconsistency in the identification of the controlling shareholder in the filed materials, including the reasons and standards for identification, and to issue a clear conclusive opinion on the identification of the controlling shareholder. According to a disclosure by the Hong Kong Stock Exchange on June 27th, Estun Automation submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Huatai International as its sole sponsor. At the same time, the CSRC requested further explanation on the specific situation of the controlling shareholder's pledge of shares in the company, and its impact on the company's and its subsidiaries' control rights and normal business operations, and whether it constitutes a situation of not being allowed to list overseas as stipulated in Article 8 of the Measures for the Administration of the Issuance of Securities by Domestic Enterprises Overseas and Listing. The company is required to explain the specific circumstances of its controlling subsidiary Nanjing Dingpai Mechanical and Electrical Technology Co., Ltd. receiving foreign exchange administrative penalties, whether the fines were paid in a timely manner and rectification completed, whether it constitutes a significant violation of laws and regulations, and whether it has a significant adverse impact on the company's current issuance and listing. According to the prospectus, Estun Automation is a leading enterprise in the Chinese industrial Siasun Robot & Automation industry. According to data from Frost & Sullivan, the company has maintained the highest shipment volume among domestic enterprises in the Chinese industrial Siasun Robot & Automation solution market for several years. According to the same institution, the company achieved a historic breakthrough in the first quarter of 2025, with its shipment volume of industrial Siasun Robot & Automation in the domestic market surpassing foreign brands and becoming the first domestic Siasun Robot & Automation enterprise to dominate the Chinese industrial Siasun Robot & Automation solution market.