Huasheng Radar's science and technology innovation board IPO is temporarily postponed for review.
The 24th review meeting of the Shanghai Stock Exchange Listing Committee in 2026 was held on May 22, 2026, with the review result being "deferred review." At the meeting, the Listing Committee requested the issuer to further explain whether there are cases of income recognition across periods for the projects related to confirmed revenue in each December period of the reporting period; combined with the latest bidding and tendering situation, outstanding orders, and performance period, explain whether the company has strong growth potential and whether the performance is sustainable. The prospectus shows that Zhejiang Huasheng Radar Co., Ltd. focuses on the business of refined meteorological detection and short-term warning and forecasting. It is a leading provider of phased array meteorological radars and short-term warning and forecast platforms in China.
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