Good Profit Technology's application for the Science and Technology Innovation Board IPO has been accepted. It is a leading manufacturer of drone power systems in the industry.

On October 23, the Shenzhen Haoying Technology Co., Ltd. (referred to as Haoying Technology) has submitted its application for an IPO on the STAR Market of the Shanghai Stock Exchange. Guolian Minsheng Securities is its sponsor institution, with plans to raise 1.96 billion yuan. The prospectus shows that Haoying Technology is a leading manufacturer of drone power systems in the industry, mainly engaged in the research, development, production, and sales of drone power systems. Its specific products include integrated power systems, electronic controls, motors, and propellers. In addition to drones, the company's products are also widely used in the field of competitive car (boat) models. The company has always insisted on self-developed full-stack technology and continuously increased research and development funding and talent needs for heavy-duty drones, large eVTOLs for airworthiness, and other cutting-edge high-end power technologies. Currently, the low-altitude economic industry is booming, and the drone power market at the industry level presents a low market concentration and a competitive landscape with many participating companies. Drone power belongs to a talent and technology-intensive field, with product systems covering integrated power systems, electronic controls, motors, and propellers as the four core categories, integrating interdisciplinary abilities such as electronic science and technology, computer science and technology, software engineering, electrical engineering, electromagnetics, solid mechanics, and fluid mechanics. Having deep-rooted in the drone power industry for many years, the company is a leading professional manufacturer of drone power systems in the industry. The company belongs to the first echelon among third-party suppliers, with a leading market position. According to Frost & Sullivan statistics, based on sales estimates for 2024, the company's global market share of drone power products is 4.12%. In the field of competitive car (boat) models power, the company is a leading enterprise in the competitive car (boat) models power industry. Since 2022, in the top global model car competitions (IFMAR, ROAR, and EFRA), racing drivers using the company's power products have won championships 64 times. According to Frost & Sullivan statistics, the company's global market share of competitive car model power systems in 2024 is 23.09%, ranking first in the world. After deducting the issuance expenses from the funds raised, the company plans to use it for the High-end Power System Intelligent Industrial Park project (Phase I), the Haoying Research and Development Center upgrade and construction project, and to supplement working capital, as follows: Financially, in the fiscal year 2022, 2023, 2024, and January-June 2025, Haoying Technology achieved operating income of approximately 468 million yuan, 546 million yuan, 738 million yuan, and 580 million yuan; during the same period, the net profits were 81.88 million yuan, 94.18 million yuan, 152 million yuan, and 139 million yuan, respectively.