New Stock News | Beijing Sifang Automation (601126.SH) Submits Application to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on June 16th, Beijing Sifang Automation Co., Ltd. (stock code: 601126.SH) submitted its listing application to the main board of the Hong Kong Stock Exchange, with Huatai International as its exclusive sponsor. According to the prospectus, the company is a provider of new power system solutions. The company's proprietary technologies and products have reached international leading or advanced levels, and it holds a leading position in the Chinese market for protection and automation solutions. The company has accumulated rich experience in the field of grid security and stability control, and according to Frost & Sullivan data, the company is expected to rank second in the Chinese market for protection and automation solutions by 2025, with a market share of 10.3%. The company has developed a comprehensive business line and solution portfolio covering secondary equipment, power electronics, integration of primary and secondary systems, and energy storage systems.