The Securities Regulatory Commission has approved XiHua Technology's application for an IPO on the Shanghai Stock Exchange Main Board.

On September 19, the China Securities Regulatory Commission issued a reply approving the initial public offering of shares by Jiangsu Xihua New Energy Technology Co., Ltd. It is reported that Xihua Technology plans to list on the main board of the Shanghai Stock Exchange, with Guotai Haitong as its sponsoring institution, and plans to raise 1.498 billion yuan. According to the prospectus, Xihua Technology is mainly engaged in research and development, manufacturing, and sales of large-scale high-end equipment special parts. The product structure is mainly wind turbine gearbox special parts, supplemented by injection molding machine specialized parts. It is a leading global manufacturer of large-scale high-end equipment special parts with reliable quality and excellent technology. The company's products are mainly used in the field of large wind power equipment and injection molding machines, and it is one of the few enterprises in China that can provide full-process services for wind turbine gearbox special parts. The company is a long-term key partner of leading global wind turbine gearbox manufacturers such as Nan High Gear, Flender, and SEW-EURODRIVE, and leading global injection molding machine leader Haitian Plastics Machinery Group Co. Ltd. Most of the major customers have cooperated with the company for over ten years, and gradually established stable cooperation relationships with high-quality customers in the wind turbine gearbox industry such as Dalian Huarui Heavy Industry Group Co. Ltd. and CRRC Group.