CSC(601066) 中国经济网·2025-03-29 07:46Core Viewpoint - Suzhou Huazhi Jie Telecommunications Co., Ltd. has successfully passed the IPO review by the Shanghai Stock Exchange, marking it as the 8th company to be approved for listing this year [1][2]. Company Overview - Huazhi Jie is positioned in the smart control industry, focusing on lithium battery power management, smart control, and brushless motor drive technologies. The company provides system solutions for power management and drive in lithium battery electric tools and consumer electronics [1]. - The main products include smart switches, smart controllers, brushless motors, and precision structural components, integrating R&D, production, and sales [1]. IPO Details - The company plans to publicly issue no more than 25 million shares, accounting for at least 25% of the total share capital post-issue. The total funds to be raised are approximately 48.61 million yuan, aimed at expanding production capacity for electric tool smart components and supplementing working capital [2]. - The lead underwriter for the IPO is CITIC Securities, marking the second successful IPO project for CITIC Securities this year [1][2]. Market and Financial Considerations - The company was questioned during the listing committee meeting regarding the rapid increase in gross margin for its smart switch products compared to industry peers, and the potential risks of significant performance fluctuations [3]. - The necessity and rationale behind the fundraising projects were also discussed, particularly in relation to market trends and existing production capacity utilization [3].