The initial public offering (IPO) of the Zhongke Innovation Science and Technology Innovation Board has been accepted. The company is specialized in the research, development, production, and sales of industrial non-destructive testing equipment.

On June 29th, Wuhan Zhongke Innovation Technology Co., Ltd. (referred to as Zhongke Innovation) had its IPO on the Shanghai Stock Exchange's Science and Technology Innovation Board accepted. Soochow Securities is its sponsoring institution, and it plans to raise 776 million RMB. According to the prospectus, the company originated from the Institute of Acoustics of the Chinese Academy of Sciences and is a national-level specialized and innovative key "little giant" enterprise specializing in the research and development, production, and sales of industrial non-destructive testing equipment. After years of R&D innovation and industrial application, the company has accumulated unique technological expertise and practical experience in the fields of acoustics and electromagnetics. Its technology matrix covers categories such as ultrasonic testing and magnetic particle testing, with its main products being automated non-destructive testing systems and non-destructive testing instruments. These products are used in China's key and strategic sectors such as special steel, petrochemicals, non-ferrous metals, energy and power, vehicle equipment, national defense and military industries, aerospace, and nuclear industry. The company focuses on providing professional non-destructive testing equipment and technical support for key products and components of enterprises in the above-mentioned sectors and their upstream and downstream industries to enhance product quality, reliability, safety, and service life, and promote the high-quality development of related industries. It is a leading domestic and internationally advanced manufacturer of industrial non-destructive testing equipment. The company's main products are industrial non-destructive testing equipment. According to the classification of non-destructive testing physical methods used, the company's products can be divided into ultrasonic non-destructive testing equipment and electromagnetic non-destructive testing equipment. Ultrasonic non-destructive testing refers to the technology method of detecting, identifying, and evaluating the internal or surface conditions of the test object through the reflection, refraction, transmission, attenuation, and other physical phenomena generated when ultrasonic waves propagate inside the material and encounter interfaces, defects, or changes in structure. This technology can judge internal defects, thickness variations, and structural continuity of materials, components, and structures without damaging their structure and performance. It is an important means of industrial quality control and equipment safety assessment. Electromagnetic non-destructive testing refers to the detection technology that judges structural material, properties, and shape changes by utilizing the magnetic and electrical property variations that materials exhibit under the action of a magnetic field or electric field, mainly including magnetic particle testing and eddy current testing, etc. According to the form of use of the equipment, the company's products can be further subdivided into automated non-destructive testing systems and non-destructive testing instruments. The automated non-destructive testing systems produced by the company are fixed large-scale complete equipment that is deeply matched with the application scenarios, mainly composed of two modules: hardware equipment and software algorithms. The hardware equipment includes precision electronic instruments, mechanical device systems, automation control systems, data acquisition and analysis systems, etc. It uses mechanical device systems to move probes and drive the inspected workpiece, achieves automated scanning coverage through the electrical control system, completes intelligent detection using digital instruments, and records, analyzes, displays, and stores detection data by a computer to achieve fully automated non-destructive testing operations throughout the process. The software and algorithms rely on independently developed application software to achieve full-process functionalities. The motion control software is responsible for controlling equipment movement paths and automated scanning operations, while the detection analysis software can complete core tasks such as defect detection, data acquisition, data analysis, result interaction, etc. Compared to traditional manual testing modes, automated non-destructive testing systems have higher adaptability to detection scenarios, process stability, and result reliability. They can match well with the detection requirements and autonomously complete the full process closed-loop detection operation. This can significantly improve testing efficiency and accuracy, effectively eliminate human errors in operations, and can replace manual work in harsh conditions such as toxic and hazardous, flammable and explosive, high temperature and pressure, greatly enhancing the safety of industrial testing. It also aligns with the mainstream trends of automation, informatization, intelligentization, and safety of high-end manufacturing industry development. According to Frost & Sullivan's data, the market for ultrasonic non-destructive testing systems is relatively concentrated, with foreign companies such as Olympus in Japan and Westinghouse Brake (referred to as Evident) in the United States, Eddyfi in Canada, and BakerHughes in the United States holding the major market share in China's ultrasonic non-destructive testing systems in 2025. Zhongke Innovation, as a leading domestic enterprise, contributes 6.1% of the market share, ranking fourth in the domestic market. The majority of the domestic market share for ultrasonic non-destructive testing systems is held by overseas companies. The market for ultrasonic non-destructive testing instruments is relatively fragmented, with Olympus in Japan, Westinghouse Brake in the United States (Evident), BakerHughes in the United States, Eddyfi in Canada, and Zhongke Innovation being the main manufacturers in this field, holding approximately 9.6% of the market share for China's ultrasonic non-destructive testing instruments in 2025. In terms of finances, the company achieved operating revenues of approximately 200 million RMB, 294 million RMB, and 378 million RMB in the years 2023, 2024, and 2025, respectively. During the same period, net profits were approximately 31.24 million RMB, 50.69 million RMB, and 79.27 million RMB, respectively.