New Stock News | Jiaxuan Intelligent Submits Listing Application to Hong Kong Stock Exchange, Global Market Share of Permanent Magnet Direct Drive Drum Exceeds 80%

According to the disclosure by the Hong Kong Stock Exchange on June 30th, Jiangsu Jiaxuan Intelligent Industrial Technology Co., Ltd. (hereinafter referred to as "Jiaxuan Intelligent") has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Dongxing (Hong Kong) as its sole sponsor. Company Overview Jiaxuan Intelligent is a globally leading provider of industrial permanent magnet ("permanent magnet") electric drive solutions based in China, with nearly two decades of experience in the industrial electric drive field, focusing on the design, development, and commercial application of permanent magnet electric drive products for industrial applications. During the performance period, the company's business continued to grow rapidly, with the shipment volume of permanent magnet motors increasing from 2,107 units in 2023 to 3,061 units in 2025. According to data from Frost & Sullivan, throughout the performance period, the company ranked first globally in terms of revenue as (i) a provider of industrial permanent magnet electric drive solutions (with a market share exceeding 10%); (ii) a supplier of industrial permanent magnet direct drive ("permanent magnet direct drive") drum (with a market share exceeding 80%); and (iii) a provider of permanent magnet electric drive solutions for the mining industry. As of December 31, 2025, Jiaxuan Intelligent has established cooperation with approximately 1,500 customers worldwide, covering more than 20 sectors in the following three major industries: (i) mining, (ii) manufacturing, and (iii) new energy. Financial Data Revenue: In the fiscal years 2023, 2024, and 2025, the company achieved revenues of approximately RMB 762 million, RMB 873 million, and RMB 936 million, respectively. Gross Margin: In the fiscal years 2023, 2024, and 2025, the company recorded gross margins of 24.1%, 25%, and 25.7%, respectively. Net Profit: In the fiscal years 2023, 2024, and 2025, the company achieved net profits of approximately RMB 21.01 million, RMB 40.838 million, and RMB 41.572 million, respectively. Industry Overview In recent years, with the continuous updating of global industrial energy efficiency regulations and the acceleration of the industrial 4.0 transformation process, the industrial electric drive solutions industry is developing towards higher efficiency and intelligence, showing a stable growth trend. The industry's global sales revenue increased from RMB 295.2 billion in 2022 to RMB 337.1 billion in 2025, with a compound annual growth rate of 4.5%. It is projected that by 2030, global sales revenue will rise to RMB 428 billion, with a compound annual growth rate of 4.9% between 2026 and 2030. In 2025, the penetration rate of the permanent magnet electric drive solutions industry reached 2.4%, with asynchronous motors still dominating traditional industrial applications. However, with the widespread application of permanent magnet technology and the surge in downstream industry demand, the market penetration rate is expected to grow rapidly, reaching 6.4% by 2030. Supported by policies, the industrial electric drive solutions industry has achieved stable growth. China's industrial electric drive solutions industry's sales revenue increased from RMB 69.4 billion in 2022 to RMB 81.4 billion in 2025, with a compound annual growth rate of 5.5%. In the future, as application scenarios continue to expand and technological innovation advances, the industry will continue to develop, with China's industrial electric drive solutions industry's sales revenue expected to reach RMB 111.9 billion by 2030, with a compound annual growth rate... Board of Directors Information The board of directors consists of eleven directors, including three executive directors, four non-executive directors, and four independent non-executive directors. Directors (excluding employee representative directors) are elected by the shareholders' meeting, while employee representative directors are elected by the company's employee representative assembly. All directors serve a term of three years and may be re-elected for another term upon expiry of their term. The board of directors is responsible for and has the general power to manage and operate the company's business. Shareholding Structure As of the latest feasible date, (i) Ms. Fu Jie directly holds 10,895,871 non-listed shares; (ii) Ms. Fu Jie is considered to have equity in the 5,946,875 non-listed shares held by Changzhou Hongbo, Changzhou Jinbo, and Changzhou Tongbo, in which she serves as the managing partner; and (iii) under the joint actor agreement, Ms. Fu Jie is considered to have equity in the 5,367,959 non-listed shares held directly by Mr. Zhang Chunhui, the 1,756,787 non-listed shares held directly by Mr. Wang Yong, and the 614,514 non-listed shares held directly by Ms. Xu Jinxiu. Intermediary Team Sole Sponsor: Dongxing (Hong Kong) Limited Company Legal Advisors: Baker McKenzie LLP, Beijing Zhong Lun Law Firm Sole Sponsor Legal Advisors: DeBund Law Offices, Beijing Jingtian & Gongcheng Law Firm Auditors and Reporting Accountants: KPMG Industry Consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch Compliance Advisor: Forb Capital Limited