New stock news | Zhongshan Broad-ocean Motor (002249.SZ) Hong Kong IPO prospectus expired

Zhongshan Broad-ocean Motor Co., Ltd. (referred to as Zhongshan Broad-ocean Motor, 002249.SZ) submitted its Hong Kong IPO prospectus on September 22, 2025, which lasted for 6 months and expired on March 22, 2026. Citigroup and Huatai International acted as its joint sponsors when submitting the application. According to the previous prospectus, Zhongshan Broad-ocean Motor is a supplier of electric motors and drive systems, with products covering motors for building and household appliances, starters and generators, as well as powertrain systems and key components for new energy vehicles. During the reporting period, the company primarily engaged in the design, manufacturing, and sales of electric motors and drive control systems, enabling various industries to achieve key functions. According to data from Frost & Sullivan, based on sales revenue in 2024, the company ranked second among third-party HVAC electric drive solution providers globally and first in China and North America; based on sales revenue of starter motors in 2024, the company ranked fourth in the global starter motor industry and second among Chinese enterprises.