Delixia's IPO on the Shanghai Stock Exchange was approved, deeply cultivating the field of wind power transmission equipment.

On July 31, Delixia Transmission Technology (Jiangsu) Co., Ltd. (referred to as Delixia) passed the listing committee meeting of the Shanghai Stock Exchange Main Board IPO. The sponsor institution is Huatai United Securities, with plans to raise 1.881 billion yuan. According to the prospectus, since its establishment in 2017, Delixia has been deeply involved in the field of wind power transmission equipment, and after years of development, it has built a complete business chain system from front-end development design, mid-end mass production to back-end operation and maintenance services; with research and development and production capabilities for a full range of products from 1.5MW to 22MW. The company's products have the advantages of equal strength, equal stiffness, lightweight, platform modularization, high power density, high transmission efficiency, and high reliability, and can be applied to different geographical and climatic conditions, adapting to harsh and complex working conditions such as medium and low wind speeds, high altitudes, high and low temperatures, and offshore humid corrosion; on indicators such as power density, transmission efficiency, gear safety factor, vibration, and noise, they are in a leading position in the industry. The company's products have been certified by authoritative institutions such as DNV, TUV, CGC, and CQC at home and abroad. In recent years, with the rapid development of the wind power industry in China, the company's business scale and market share have continued to increase. According to QY Research statistics, by 2024, the company's global market share will be 10.36%, ranking third globally, and its market share in China will be 16.22%, ranking second in China. The proceeds from this public offering of new shares, after deducting issuance expenses, will be invested in the following projects in order of priority. Financially, in the years 2022, 2023, and 2024, Delixia achieved operating income of approximately 3.108 billion yuan, 4.442 billion yuan, and 3.715 billion yuan respectively. During the same period, the company achieved net profits of approximately 540 million yuan, 634 million yuan, and 534 million yuan respectively.