BoLun Group's application for an IPO on the Shanghai Stock Exchange main board has been accepted. It is a provider of solutions for "sound, light, electricity, vision, and communication" systems.

On May 13th, Guangdong Balun Electronics Co., Ltd. (referred to as Balun shares) has submitted an IPO application to the Shanghai Stock Exchange main board. GF SEC is the sponsor institution, with plans to raise 1.583 billion yuan. The prospectus shows that Balun shares is a leading provider of "sound, light, electrical, visual, and communication" system solutions, mainly engaged in the research and development, production, and sales of professional audio products such as public broadcasting systems, professional sound amplification systems, smart conference systems, display terminal systems, command management systems, and lighting systems. The company's products and solutions have been deeply serving the education, government agencies, public security, judiciary, enterprises, and cultural tourism fields, covering typical scenarios such as meeting rooms, smart campuses, theaters, auditoriums, cultural and sports venues, transportation hubs, and scenic spots. The company's sub-brand "itc" (full name "I TRUST CREATION", meaning "believe in the power of innovation") enjoys high brand awareness in the market. Its products and solutions have been successfully used in major projects such as the Beijing Winter Olympics, the 15th National Games, China-Central Asia Summit, Xi'an Datang Night City, and Beijing Daxing Airport, and have been widely used in key areas such as domestic key schools, research institutes, national exhibition halls, key industrial parks, and city operation management centers, to promote urban digital transformation and the development of new quality productivity. During the reporting period, the company's main operating income is divided by product category as follows: Financially, in the fiscal years 2023, 2024, and 2025, Balun shares' operating income is approximately 3.043 billion yuan, 2.788 billion yuan, and 2.768 billion yuan respectively; during the same period, the net profit is approximately 0.589 billion yuan, 0.413 billion yuan, and 0.424 billion yuan respectively.