CSRC approves Hongming Electronics' registration for the ChiNext IPO.

On December 26, the China Securities Regulatory Commission issued a reply on approving the initial public offering of shares by Chengdu Hongming Electronics Co., Ltd. It is reported that Hongming Electronics plans to list on the ChiNext board of the Shenzhen Stock Exchange, with Shenwan Hongyuan Group Securities as its sponsor, intending to raise 1.950 billion yuan. According to the prospectus, Hongming Electronics is mainly engaged in the research, development, production, and sales of new electronic components mainly based on tantalum capacitors, dedicated to providing customers with high-performance, high-reliability electronic component products. At the same time, the company is also involved in the precision zero component business, with products mainly used in the consumer electronics field such as tablet computers, laptops, as well as in the field of new energy batteries and automotive electronic components. During the reporting period, the company's main products were new electronic component products and precision zero component products represented by tantalum capacitors. Revenue and profit mainly come from the electronic component business, with the company's electronic components mainly used in the defense industry.