Vientiane Securities has submitted an application for an IPO on the Shenzhen Stock Exchange, aiming to raise a total of 15.9374 billion yuan.

On January 5th, Beijing Weitongli Electric Co., Ltd. (referred to as Weitongli) applied for a change in the status of its IPO review on the Shenzhen Stock Exchange main board to "registration submitted." Zhongtai is the sponsor institution, and the company plans to raise 1.59374 billion yuan. The prospectus shows that Weitongli's main business includes research, production, and sales of series of electrical connection products such as hard connectors, flexible connectors, contact components, layered busbars, CCS, as well as synchronous decomposers. The company is committed to providing high-performance electrical connection products and customized product portfolio solutions for customers in various fields worldwide, making electrical connections safer, more reliable, greener, and smarter. In its years of development, the company has closely followed national policy directions and industry trends, gradually expanding its application areas from industries such as electrical power and rail transportation to emerging industries such as new energy vehicles and wind and solar energy storage. Weitongli primarily serves high-end customers in the electrical connection product sector and its products are widely recognized by mainstream customers in various application areas. In the field of electrical power, products are supplied to companies like Siemens, Schneider, ABB, Hitachi Energy, GE, etc.; in the new energy vehicle sector, products are supplied to companies like BYD, LEAPMOTOR, CALB, Sunwoda Electronic, Farasis Energy, etc.; in the wind and solar energy storage sector, products are supplied to companies like Goldwind, Ming Yang Smart Energy, Sungrow Power Supply, etc.; in the rail transportation sector, products are supplied to companies like CRRC, Wabtec, Alstom, etc. These customers are top enterprises in their respective industries or Fortune 500 companies. After deducting issuance expenses, the funds raised this time will be used for the following projects: In terms of finances, Weitongli's operating income is estimated to be around 1.437 billion yuan, 1.699 billion yuan, 2.39 billion yuan, and 1.41 billion yuan respectively for the years 2022, 2023, 2024, and the period of January to June 2025. During the same period, net profits are estimated to be around 115 million yuan, 186 million yuan, 271 million yuan, and 139 million yuan respectively.