A-share subscription | Huikang Technology (001237.SZ) starts subscription for global leading ice machine company

On May 13, Huikang Technology (001237.SZ) started its subscription, with an issue price of 53.26 yuan per share, a subscription limit of 14,500 shares, a price-earnings ratio of 21.04 times, listed on the Shenzhen Stock Exchange, and Caitong as its sponsor institution. The prospectus shows that Huikang Technology specializes in the refrigeration field and is a national-level high-tech enterprise with research, development, production, and sales of refrigeration equipment as its core business. Its main products include ice machines, refrigerators, freezers, wine coolers, etc., mainly used in residential and commercial fields. The company is committed to becoming a global leader in refrigeration equipment manufacturing. With over twenty years of industry experience, collaboration with well-known clients, and continuous technological innovation, the company's core product, ice machines, has successfully covered over 80 countries and regions worldwide, including China, the United States, Canada, Australia, Mexico, Germany, Sweden, Brazil, and other major markets. The company operates in a vast industry market space, and it is expected to maintain stable growth in the medium and long term. According to data from the China Household Electrical Appliances Association, the global ice machine industry's size is projected to increase from 144.8 billion yuan in 2019 to 212.9 billion yuan in 2024, with a compound annual growth rate of 8.0% from 2019 to 2024, indicating rapid growth trend overall. In the future, driven by sustained global economic recovery and rising demand for ice machine products, the global ice machine market size is expected to further expand. By 2028, the global ice machine industry's market size is predicted to reach 272.0 billion yuan, with a compound annual growth rate of 6.3% from 2024 to 2028. Furthermore, according to data from the China Household Electrical Appliances Association, China's ice machine industry's market size is projected to increase from 19.6 billion yuan in 2019 to 29.8 billion yuan in 2024, with a compound annual growth rate of 8.8% from 2019 to 2024. By 2028, China's ice machine industry's market size is estimated to reach 43.8 billion yuan, with a compound annual growth rate of 10.1% from 2024 to 2028. Huikang Technology has a strong market competitiveness and a leading industry position in the ice machine field. According to the China Light Industry Machinery Association, the company ranked first in the domestic market share of ice machine products and domestic civil market share from 2022 to 2024, as well as in the top ranks globally. Financially, the company achieved operating revenues of approximately 19.3 billion yuan, 24.93 billion yuan, 32.04 billion yuan, and 13.89 billion yuan in 2022, 2023, 2024, and January to June 2025 respectively. During the same periods, net profits recorded were approximately 1.97 billion yuan, 3.38 billion yuan, 4.51 billion yuan, and 2.05 billion yuan respectively. After deducting the issuance expenses, the funds raised in this offering will be invested in the following projects: [Information on specific projects]