The CSRC has approved the registration of Langgao Technology's IPO on the ChiNext board.

On October 16, the CSRC issued the "Reply on Approving the Registration of the Initial Public Offering of Suzhou Langgao Electric Motor Technology Co., Ltd." It is reported that Langgao Technology will be listed on the ChiNext board of the Shenzhen Stock Exchange, with Huatai United Securities as its sponsor, and plans to raise 987.96 million yuan. The prospectus shows that Langgao Technology is mainly engaged in the research and development, production, sales, and servicing of high-performance permanent magnet synchronous motors. Its products feature high efficiency, high power/torque density, high reliability, low noise, and wide-range environmental adaptability, and broadly cover application areas such as new energy commercial vehicles, new energy non-road mobile machinery, wind power generation, and industrial high-efficiency energy saving and automation control. According to Frost & Sullivan statistics, calculated by sales volume, in 2025 the company's market share in the Shanxi Guoxin Energy Corporation mining truck drive motor segment exceeded 70%, ranking first in the industry; its market share in the Shanxi Guoxin Energy Corporation heavy truck drive motor segment was about 28%, ranking second in the industry. In addition, the company also ranks among the industry leaders in market share in areas such as Shanxi Guoxin Energy Corporation bus drive motors and wind power pitch motors.