CSRC agrees to Delijia's application for IPO registration on the Shanghai Stock Exchange Main Board.

On August 22, the China Securities Regulatory Commission issued the approval for Deli Jia Transmission Technology (Jiangsu) Co., Ltd.'s initial public offering of stocks. It is reported that Deli Jia plans to list on the Shanghai Stock Exchange main board, with Huatai United Securities as the sponsor institution, aiming to raise 1.881 billion yuan. According to the prospectus, Deli Jia is mainly engaged in the research, development, production, and sales of high-speed heavy-duty precision gear transmission products. The downstream application field mainly includes wind power generators, with the core product being wind turbine gearboxes. In recent years, with the rapid development of the wind power industry in China, the company's business scale and market share have continued to increase. According to QY Research statistics, by 2023, the company will have a global market share of 12.77%, ranking third globally, and a market share in China of 20.68%, ranking second in China. Since its establishment in 2017, the company has focused on the field of wind power transmission equipment, and after years of development, has built a complete business chain system from front-end development design, mid-end mass production to back-end operation and maintenance services. The company has the research and production capability of a full range of products from 1.5MW to 22MW; the products have the advantages of equal strength, equal rigidity, lightweight, platform modularization, high power density, high transmission efficiency, and high reliability, suitable for different geographical and climatic conditions, adapting to harsh and complex working conditions such as medium and low wind speeds, high altitudes, high and low temperatures, and corrosion in offshore humid environments; its products are in the industry-leading position in indicators such as power density, transmission efficiency, gear safety factor, vibration and noise. The company's products have been certified by multiple authoritative domestic and foreign institutions such as DNV, TUV, CGC, and CQC.