New Stock News | The prospectus of the Hua Wei Electronic Hong Kong Stock IPO has failed.

Hebei Haiwei Electronic New Material Technology Co., Ltd. (referred to as Haiwei Electronics) submitted its Hong Kong stock prospectus on February 26th, which expired on August 26th after 6 months, with CICC as the exclusive sponsor at the time of submission. According to the prospectus, based on data from Zhaoshi Consulting, Haiwei Electronics is the largest manufacturer of capacitor film in China based on the sales volume of capacitor base film in 2023. The company's capacitor film products mainly include (i) capacitor base film and (ii) metallized film. These products are key components of film capacitors, which are known for their excellent voltage resistance, high-frequency stability, and long service life. Film capacitors have a wide range of terminal applications, including (i) new energy vehicles, (ii) new energy power systems, (iii) industrial equipment, and (iv) household appliances.