Wuhu Urban Construction Group's IPO in the United States has been filed with the China Securities Regulatory Commission and plans to be listed on the Nasdaq.

On October 19th, the China Securities Regulatory Commission issued a notice of filing for the overseas issuance and listing of Wuhu Urban Construction Group Co., Ltd. The company plans to issue up to 115 million common shares and list on the NASDAQ stock exchange in the United States. According to the prospectus, Wuhu Urban Construction Group is a state-owned construction and municipal infrastructure operation and maintenance service provider rooted in Wuhu City, Anhui Province. The company has a history of over 35 years of operation and its market share in Anhui Province has been increasing year by year. According to Frost Sullivan data, based on the revenue from housing construction projects and municipal engineering projects in 2022, the company has a market share of 0.3%. Specifically, based on the revenue from housing construction projects in Anhui Province in 2022, the company has a market share of 0.2%; based on the revenue from municipal engineering projects in 2022, the company ranks 13th among over 300 state-owned municipal engineering suppliers in Anhui Province, with a market share of 0.3%; based on the revenue from road and bridge, drainage facilities, and comprehensive pipeline operation and maintenance in 2022, the company ranks 1st among all state-owned operation and maintenance service providers in Anhui Province, with a market share of 1.4%. The company's business mainly focuses on providing construction and maintenance services. In terms of construction services, as a general contractor, the company provides the following categories of engineering construction services: firstly, housing construction projects, mainly including industrial building construction, residential building construction, and public building construction; secondly, municipal engineering projects, mainly including municipal roads and bridges and their supporting facilities, as well as parks. In terms of maintenance services, it mainly includes regular inspections, maintenance, and repairs of municipal roads and bridges, drainage, and comprehensive pipeline networks. Financially, in the fiscal years of 2020, 2021, 2022, and the first four months of 2023, Wuhu Urban Construction Group achieved revenues of approximately 514 million yuan, 1.085 billion yuan, 2.216 billion yuan, and 936 million yuan, respectively. The net profits during the same periods were approximately 129 million yuan, 151 million yuan, 159 million yuan, and 63.836 million yuan, respectively.