Huikang Technology's IPO on the Shenzhen Stock Exchange Main Board has been approved by the Listing Committee. The company's ice-making machine product has the highest market share in the domestic market.
On March 5th, Ningbo Huikang Industrial Technology Co., Ltd. was approved for listing on the main board of the Shenzhen Stock Exchange. Caitong Securities is the sponsoring institution, with plans to raise 1.79655 billion yuan.
On March 5, Ningbo Huikang Industrial Technology Co., Ltd. (referred to as Huikang Technology) passed the listing committee meeting of the Shenzhen Stock Exchange main board. Caitong is the sponsor institution, with plans to raise 1.796 billion yuan.
The prospectus shows that Huikang Technology deeply cultivates the refrigeration field and is a national high-tech enterprise with research, development, production, and sales of refrigeration equipment as its core business. Its main products include ice making machines, refrigerators, freezers, and wine cabinets, mainly used in civil and commercial fields. The company has strong market competitiveness and a leading position in the ice making machine field. According to the China Light Machinery Association, the company ranked first in the domestic market share of ice making machine products and first in the domestic civil market share from 2022 to 2024; it ranks among the top globally in the ice making machine market and first in the global civil market share.
During the reporting period, the company's main business income breakdown by product type is as follows:
Financially, in 2022, 2023, and 2024, Huikang Technology achieved operating income of approximately 1.93 billion yuan, 2.493 billion yuan, and 3.204 billion yuan respectively; during the same period, net profits were approximately 197 million yuan, 338 million yuan, and 451 million yuan respectively.
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