New stock news | Can Win Technology Hong Kong stock IPO prospectus invalid

Zhejiang Kesheng Technology Co., Ltd. (referred to as Kesheng Technology) submitted its Hong Kong IPO prospectus on September 24, 2025, which expired on March 24, 2026, six months after submission. At the time of submission, China Securities Co., Ltd. International was its exclusive sponsor. According to the previous prospectus, Kesheng Technology is one of the world's leading providers of tower solar thermal power generation and molten salt energy storage solutions. The company focuses on related technology research, equipment sales, and engineering applications, and has full lifecycle service capabilities from project development, construction consulting to later operation support. According to a Frost & Sullivan report, as of September 16, 2025, Kesheng Technology is the only company in the world with over 1 GW of molten salt tower solar thermal power generation project experience. In the past performance period, Kesheng Technology has maintained a market-leading position in providing concentrating solar collector systems and heat exchange systems (two core subsystems of solar thermal power plants). The company has also expanded its service and product portfolio with operational tools powered by software and artificial intelligence. In November 2024, the company's independently developed Qinghai Yimu Gelmu 350MW solar thermal project successfully entered the Qinghai Province's 2024 solar thermal power generation demonstration (pilot) project.