Shen Gu Group's IPO application on the Shanghai Stock Exchange main board has been accepted, aiming to raise 2.134 billion yuan.

On December 25th, Shengu Group Co., Ltd. (referred to as Shengu Group) has submitted an application for listing on the main board of the Shanghai Stock Exchange. CICC is its sponsoring institution, planning to raise 2.134 billion yuan. According to the prospectus, Shengu Group is a strategic, pillar, and leading enterprise in China's general machinery industry, undertaking the localization mission of providing major technical equipment and complete solutions for the fields of petroleum, chemical industry, power, natural gas, and new energy; is one of the few manufacturing companies in the world that can independently design and manufacture large complex compressors, high-end nuclear main pumps and other major technical equipment. The company's business is mainly focused on energy and chemical equipment manufacturing, industrial services, and strategic emerging industries, serving a wide range of fields such as petroleum, chemical industry, power, natural gas, and new energy, with a focus on the R&D, design, manufacturing, sales, and full lifecycle services of centrifugal compressors, reciprocating compressors, and nuclear pumps. The company's main products are centrifugal compressors, reciprocating compressors, and nuclear pumps, with large heavy-duty centrifugal compressors as the main products of centrifugal compressors, process reciprocating compressors as the main products of reciprocating compressors, and nuclear main pumps, nuclear secondaries, nuclear tertiaries, and conventional island pumps as the main products of nuclear pumps. In terms of compressors, the company mainly focuses on large heavy-duty centrifugal compressors and process reciprocating compressors. According to the Frost & Sullivan "Global and Chinese Compressor Industry Independent Market Research Report," by sales, in 2023, the company ranks first in the Chinese market share of large heavy-duty centrifugal compressors and first in the Chinese market share of process reciprocating compressors. In the field of nuclear pumps, the company is a state-owned enterprise with production qualifications for first, second, third-tier nuclear and non-nuclear nuclear power pumps. In the field of nuclear main pumps, the company is designated by the National Energy Administration as the unit for the localization of third-generation nuclear power AP1000 shielded main pumps, the domestic supplier of shielded main pumps in China, and the enterprise that realizes the dual technology routes of shielded main pumps and shaft seal main pumps in China; in the field of nuclear secondary pumps, nuclear tertiary pumps, and conventional island pumps, the company has independently developed dozens of nuclear secondary pumps and nuclear tertiary pumps, achieving a breakthrough in domestic nuclear pump zeros, and has the ability to supply a complete set of nuclear secondary and tertiary pumps to 300MW-1400MW nuclear power plants. According to the Frost & Sullivan "China Nuclear Pump Market Research Report," in the field of nuclear main pumps, by cumulative order volume, as of December 31, 2023, the company's cumulative order volume of third-generation nuclear power unit nuclear main pumps (excluding standby pumps) in operation and under construction is 28 units, ranking second in the Chinese market share; among them, the shielded main pumps account for 28 units, with a market share of 63.6%, ranking first in the industry. The funds raised this time will be invested in the following projects: Financially, in the fiscal years 2022, 2023, 2024, and January-June 2025, Shengu Group achieved operating income of approximately 7.396 billion yuan, 8.206 billion yuan, 9.309 billion yuan, and 4.723 billion yuan respectively. During the same period, net profits were 240 million yuan, 438 million yuan, 576 million yuan, and 363 million yuan respectively.