Shen Gu Group's IPO was approved by the listing committee of the Shanghai Stock Exchange, a leading enterprise in China's general machinery industry.

On July 3, Shengu Group Co., Ltd. (referred to as Shengu Group) had its IPO approved by the Listing Committee of the Shanghai Stock Exchange. The sponsoring institution for this IPO is CICC (China International Capital Corporation). According to the prospectus, Shengu Group is a strategic, pillar, and leading enterprise in China's general machinery industry. It is responsible for the localization of providing major technical equipment and complete solutions for the fields of petroleum, chemical industry, power, natural gas, new energy, etc. It is one of the few manufacturers in the world capable of independently designing and manufacturing large complex compressors, high-end nuclear pumps and other major technical equipment. The company's core business is in the energy chemical equipment manufacturing, industrial services, and strategic emerging industries. It serves a wide range of industries such as petroleum, chemical industry, power, natural gas, and new energy, focusing on the research and development, design, manufacturing, sales, and full-life cycle services of major technical equipment products such as centrifugal compressors, reciprocating compressors, and nuclear pumps. In the energy chemical equipment manufacturing business segment, the company primarily provides core rotating equipment and solutions such as centrifugal compressors, reciprocating compressors, and nuclear pumps for the energy and chemical industries. It also provides supporting equipment and auxiliary services such as control systems and accessory systems. It is one of the few Chinese companies that can fully compete with international renowned companies like Siemens Energy and Baker Hughes in the energy and chemical fields. The company's main products include centrifugal compressors, reciprocating compressors, and nuclear pumps, with large heavy-duty centrifugal compressors as the main product in the centrifugal compressor category, reciprocating compressors for process flow as the main product in the reciprocating compressor category, and nuclear pumps consisting of primary pumps, secondary pumps, tertiary pumps, and conventional island pumps as the main products in the nuclear pump category. In the strategic emerging business segment, the company focuses on exploring high-quality development in new areas, covering various emerging fields such as compressed air energy storage, hydrogen energy, marine equipment, CCUS, supercritical carbon dioxide power generation, etc. As of the end of 2025, the company owned a total of 372 patents. Since its establishment, Shengu Group (including its predecessor Shenyang Blower Factory) and its subsidiaries have received a total of 12 national awards for scientific and technological progress, including 4 first prizes, 5 second prizes, and 3 third prizes. In terms of finances, in the years 2023, 2024, and 2025, the company achieved operating revenues of approximately 8.206 billion RMB, 9.309 billion RMB, and 10.122 billion RMB respectively. During the same period, the net profits were 438 million RMB, 576 million RMB, and 882 million RMB respectively.