聚焦城市 “地下脉络”，誉帆科技获批深交所主板 IPO

Core Viewpoint - The underground pipeline operation and maintenance sector is experiencing significant growth opportunities as urban flood management and underground safety construction are elevated to a higher strategic level. Shanghai Yufan Environmental Technology Co., Ltd. has officially received registration approval for its IPO on the Shenzhen Stock Exchange, marking a pivotal moment for the industry [1]. Industry Summary - The underground pipeline management industry is increasingly recognized due to the exacerbation of urban flooding and safety issues, leading to heightened national attention and a shift in urban management focus from surface-level aesthetics to underground infrastructure [1]. - Over the past 40 years of urbanization in China, millions of kilometers of underground pipelines have been constructed, all of which are now entering the operation and maintenance phase, creating a vast blue ocean market [1]. - While there are numerous listed companies involved in pipeline material manufacturing, planning, and construction, there has yet to be a publicly listed company focused primarily on the operation and maintenance of existing pipelines. Yufan Technology will become the first listed company in this niche sector [1].