Core Viewpoint - The listing of Shandong Xintong Electronics Co., Ltd. on the Shenzhen Stock Exchange has sparked significant interest in private "specialized and innovative" enterprises, highlighting the successful transition from a local private company to a publicly listed entity in the A-share market [1][4]. Group 1: Company Overview - Founded in 1996, Xintong Electronics has evolved from a power communication equipment provider to a smart terminal solution provider for major clients like the State Grid and three major telecom operators [3]. - The company’s core products, including the intelligent inspection system for transmission lines and the intelligent auxiliary control system for substations, are integral to the digital transformation of the power grid [3]. - Xintong Electronics has been recognized as a national-level "specialized and innovative" small giant since 2021, with R&D investment exceeding 5% for three consecutive years and over 200 patents granted [3]. Group 2: Financial Performance - Xintong Electronics is projected to achieve a net profit of 143 million yuan in 2024, with a compound annual growth rate (CAGR) of over 13% in revenue over the past three years [4]. - The company’s revenue is expected to grow from 782 million yuan in 2022 to 1.005 billion yuan in 2024, with a 30.49% year-on-year increase in non-recurring net profit in Q1 2025 [5]. Group 3: Market Dynamics and Policy Support - The successful listing of Xintong Electronics is attributed to the dual drivers of local financial empowerment initiatives and the national "specialized and innovative" cultivation system [4]. - The company raised nearly 650 million yuan through the public offering of 39 million shares, which will be used for the development and industrialization of a big data platform for transmission line inspections, among other projects [5]. - The listing reflects a broader trend in Zibo, where local initiatives are addressing the challenges faced by private enterprises in going public, fostering a collaborative environment among government, banks, and enterprises [6][7].
“隐形冠军”信通电子上市，淄博第35家A股诞生！