锡华科技主板IPO过会，公司募投项目新增产能的必要性和合理性等问题被追问

Core Viewpoint - Jiangsu Xihua New Energy Technology Co., Ltd. has successfully passed the IPO review on September 5, 2023, aiming to raise approximately 1.498 billion yuan for investment in wind power core equipment and R&D center projects [1] Company Summary - Xihua Technology focuses on the research, manufacturing, and sales of specialized components for large high-end equipment [1] - The company’s mainboard IPO was accepted on May 17, 2023, and entered the inquiry stage on June 13, 2023 [1] Fundraising and Investment Plans - The company plans to raise around 1.498 billion yuan, which will be allocated to the wind power core equipment industrialization project (Phase I) and the R&D center construction project after deducting issuance costs [1] Regulatory Requirements - The listing committee requested Xihua Technology to explain the correlation between the sales of its wind-related products and the bidding volume of Chinese wind turbine manufacturers [1] - The committee also required the company to justify the necessity and rationality of the new production capacity from the fundraising projects, considering industry growth rates, product structure, existing capacity utilization, project progress, and capacity digestion measures [1]