CSRC approves Huikang Technology's listing on the Shenzhen Stock Exchange Main Board IPO.

On March 27, the China Securities Regulatory Commission issued the approval for Ningbo Huikang Industrial Technology Co., Ltd.'s initial public offering of shares. It is reported that Huikang Technology plans to list on the Shenzhen Stock Exchange main board, with Caitong as the sponsor institution, planning to raise 1.79655 billion yuan. The prospectus shows that Huikang Technology is deeply rooted in the refrigeration field and is a national high-tech enterprise with research and development, production, and sales of refrigeration equipment as its core business. Its main products include ice makers, refrigerators, freezers, and wine coolers, mainly used in residential and commercial areas. The company has strong market competitiveness and a leading industry position in the ice maker field. According to the certification from the China Light Industry Machinery Association, from 2022 to 2024, the company's ice maker products ranked first in the domestic market share and first in the domestic residential market share. The company also ranks at the forefront of the global ice maker market share, and first in the global residential market share.