Yao Kun Hydraulic submits IPO registration to the Shenzhen Stock Exchange, planning to raise a total of 808.62 million yuan.

On December 8th, Jiangsu Yaokun Hydraulic Co., Ltd. (referred to as Yaokun Hydraulic) applied for a change in the IPO review status of the Shenzhen Stock Exchange main board to "registration submitted". GF SEC is its sponsoring institution, intending to raise 808.62 million yuan. According to the prospectus, Yaokun Hydraulic is mainly engaged in the research and development, production, and sales of hydraulic components and parts, with main products including oil tanks, hard pipes, and metal ornaments, mainly used in various types of construction machinery such as excavators. Since its establishment, the company has been focusing on the field of hydraulic components and parts, and after years of independent innovation, has built a complete product system of oil tanks, hard pipes, and metal ornaments, providing customers with technically advanced, mature in craftsmanship, excellent quality, and stable performance products, forming a strong brand advantage and competitive advantage. The development of the hydraulic industry relies on the huge domestic market demand and the strong technical research and development capabilities and technological accumulation of enterprises. Germany, the United States, and Japan as traditional manufacturing powerhouses, their hydraulic industry also maintains a leading position globally. In terms of market share in the global hydraulic industry, currently, the international hydraulic industry has a significant market concentration feature, with the world's major hydraulic component manufacturers being Bosch Rexroth in Germany, Parker Hannifin and Eaton in the United States, and Kawasaki Heavy Industries and KYB in Japan. Although China's hydraulic industry started relatively late, its development has been rapid. After more than 60 years of development, it has become an industry that has a specialized production system, a relatively complete range of products, and can basically meet the needs of various main machine industries in China's national economy. According to statistics from the China Hydraulic Pneumatic Sealing Component Industry Association, there are currently more than 1,000 domestic hydraulic companies. Although there are many domestic hydraulic enterprises in China, the majority of these enterprises have relatively small operating scales, low industry concentration, weak overall competitiveness, and relatively weak technological accumulation. In terms of technological accumulation, manufacturing experience, and revenue scale, there is still a significant gap compared to international leading hydraulic enterprises. Yaokun Hydraulic has long been based in the field of hydraulic component and parts manufacturing, such as oil tanks, hard pipes, and metal ornaments. With its profound technological and craftsmanship accumulation, excellent quality control, and rapid delivery response, the company has successfully entered the supply system of major construction machinery manufacturers worldwide. Yaokun Hydraulic has established long-term and stable cooperation relationships with many well-known foreign main machine manufacturers such as Caterpillar, Komatsu, Volvo, John Deere, Hitachi Construction Machinery, JCB, Ammann, Shantui Construction Machinery, Terex, Sumitomo Heavy Industries, JLG, Hyundai Engineering, Bomag, as well as several domestic leading main machine manufacturers such as XCMG Group, Guangxi Liugong Machinery Group, LONKING, Shandong Lingong, SANY, LINGONG Group, and Shantui Construction Machinery. According to the certification issued by the China Construction Machinery Industry Association, from 2022 to 2024, Yaokun Hydraulic's oil tanks and hydraulic hard pipe products rank in the top three in the Chinese construction machinery market. According to the certification issued by the China Hydraulic Pneumatic Sealing Component Industry Association, the company's comprehensive strength ranks among the top in the hydraulic industry, with a large operating scale and industry representation. Its annual product operating income from 2022 to 2024 ranks in the top ten among key companies in the hydraulic industry. The raised funds from this offering plan to be invested in the following projects: Financially, the company achieved operating income of 707 million yuan, 659 million yuan, 643 million yuan, and 365 million yuan respectively in the fiscal years 2022, 2023, 2024, and up to June 30, 2025. During the same period, the company achieved net profits of 142 million yuan, 133 million yuan, 115 million yuan, and 67.45 million yuan respectively.