A-share subscription | Orlan Electric (920081.BJ) opens subscription, main products include dehumidifiers, portable air conditioners, car refrigerators, and air source heat pump series.

On July 1st, Ouren Electric (920081.BJ) started its IPO, with an issue price of 38.69 yuan per share, a subscription limit of 855,000 shares, a P/E ratio of 12.78 times, and listed on the Beijiao Stock Exchange, with Guolian Minsheng Securities as its sponsor. According to the prospectus, Ouren Electric is a comprehensive enterprise engaged in the research and development, design, manufacturing, sales, and service of environmental regulation equipment. Its main products include dehumidifiers, portable air conditioners, car refrigerators, and air-source heat pump series. Currently, the company's products are widely used in industries such as power, electronics, pharmaceuticals, papermaking, food, agriculture, venues, warehouses, and laboratories. Ouren Electric's products are sold nationwide and exported to countries and regions such as the UK, Germany, Italy, Japan, South Korea, the US, France, and Spain. With its advantages in large-scale intelligent manufacturing and custom capabilities, the company has established stable cooperative relationships with well-known domestic and international customers like Midea Group Co., Ltd, Great Wall Motor, and Lotte from South Korea. Ouren Electric has also participated in major projects such as the Nam Ou Hydropower Station in Laos, the Three Gorges Hydropower Station, Beijing Daxing International Airport, the Bird's Nest Stadium, the Shanghai World Expo, the Guizhou Apple Data Center, and the Hangzhou Asian Games. During the reporting period, the company's main operating income breakdown by product category is as follows: According to the Industry Online "2025 China Household Dehumidifier Annual Research Report", the annual compound growth rate of the dehumidifier industry in China from 2019 to 2025 is 5.07%, showing an upward trend. The data from Industry Online shows that in 2025, China's household dehumidifier export volume will be 9.55 million units, accounting for 86.58% of the total dehumidifier sales. In terms of specific regions, China exports 3.384 million household dehumidifiers to Asia, accounting for the largest share of dehumidifier exports at 35.4%. This is followed by the North American and European markets, with shares of 30.4% and 28.1% respectively. Looking at specific countries, the US has the highest demand for Chinese dehumidifier products, followed by South Korea and Japan, with the former being mainly affected by the large amount of water brought by the Arctic airflow, resulting in higher daily humidity, and the latter located in coastal areas, affected by maritime climate, which also leads to a higher humidity level in the environment. In terms of finances, in the fiscal years 2023, 2024, and 2025, the company achieved operating revenues of approximately 1.232 billion yuan, 1.623 billion yuan, and 2.036 billion yuan respectively. During the same period, net profits were approximately 142 million yuan, 207 million yuan, and 230 million yuan respectively.