CSRC agrees to Haichuang Ruitong's application for ChiNext IPO registration.

On July 25, the China Securities Regulatory Commission issued the "Approval for the First Public Offering of Stocks by Beijing Haochuang Ruitong Electrical Equipment Co., Ltd." It is reported that Haochuang Ruitong plans to go public on the ChiNext of the Shenzhen Stock Exchange, with Changjiang as its sponsor, aiming to raise 476.54 million yuan. The prospectus shows that Haochuang Ruitong is a high-tech enterprise specializing in intelligent power distribution equipment and digital solutions for power distribution networks. It is mainly engaged in the research, development, production, and sales of intelligent power distribution equipment, including intelligent ring cabinets, intelligent pole-mounted switches, and box-type substations. Intelligent power distribution equipment is crucial for upgrading the intelligence of distribution networks, building new power systems, improving the flexibility and efficiency of power systems, meeting the requirements of digital, automated, and networked power systems, constructing an intelligent dispatch system, realizing interactive energy generation, distribution, storage, and consumption, and smartly controlling energy demand. It is an essential device for the digital transformation of distribution networks.