CSRC Agrees to Nannan Digital's Application for Listing on the Shenzhen Stock Exchange

On October 17, the China Securities Regulatory Commission issued the reply on the approval of the initial public offering of shares by Nanfang Electric Power Digital Grid Research Institute Co., Ltd. It is reported that Nanwang Digital plans to list on the Shenzhen Stock Exchange, with CMSC as its sponsoring institution, planning to raise 25.5446 billion yuan. According to the prospectus, the company provides comprehensive digital construction solutions for industries such as electric power and energy based on next-generation information technology, and is committed to building a world-class digital and intelligent innovation platform for power grids; at the same time, the company, relying on the technology and experience accumulated in the digital transformation of the power industry, is gradually expanding its products and services to areas such as transportation, water, gas, public security, and urban construction. After years of development, the company, with its technical and product expertise, as well as professional digital and intelligent solutions and services, has established cooperative relationships with many state-owned enterprises and industry leading customers such as Nanfang Electric Power, Inner Mongolia Electric Power Group, State Grid Corporation of China, China Huaneng Group, China Huadian Corporation, CGN, China Three Gorges Group, State Power Investment Corporation, China Railway Construction Corporation Group, China Railway Corporation, Beijing Energy Group, Guangzhou Urban Investment Group, NavInfo Co., Ltd. and many others.