New stock news | Sieyuan Electric (002028.SZ) submits application to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on February 11, Sieyuan Electric Co., Ltd. (referred to as Sieyuan Electric, 002028.SZ) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC as its exclusive sponsor. The prospectus shows that Sieyuan Electric is a global manufacturer of power transmission and distribution equipment and a provider of comprehensive solutions for power energy. According to Frost & Sullivan's data, based on the revenue of the Chinese power transmission and control equipment market in 2024, the company ranks eighth among international enterprises, fifth among domestic enterprises, and third among domestic private enterprises, with a market share of 3.5%. As one of the few enterprises in the industry with the research and development and manufacturing capabilities of primary equipment, secondary equipment, and energy storage-related equipment for power systems, Sieyuan Electric has built an industrial chain layout covering six core business lines, including switchgear, transformer, protection and automation, power electronics, energy storage systems and components, and EPC, forming a business ecosystem of "products, solutions, and services" and a rich product matrix.