Core Insights - Rongxin Huike Electric Co., Ltd. has been accepted for IPO on the Sci-Tech Innovation Board, aiming to raise 977 million yuan [1] - The company specializes in the research, manufacturing, sales, and service of core equipment for new power systems, providing high-end equipment and technical services [4] - Rongxin Huike holds over 25% market share in flexible DC converter valve equipment, ranking among the top in the industry [4] Company Overview - Rongxin Huike is a high-tech enterprise focused on core equipment for new power systems, including flexible transmission equipment and high-power converters [4] - The company's products are widely used in various sectors such as efficient power generation, power transmission and distribution, oil and gas pipelines, national defense, shipbuilding, metallurgy, and energy storage [4] - The flexible DC transmission technology is crucial for constructing new power systems dominated by renewable energy [4] Market Position - The company has participated in four out of five operational high-voltage flexible DC projects in China since 2020, supplying over 30% of the total operational capacity of converter products [4] - Rongxin Huike has successfully entered the overseas market with a contract for a ±500kV flexible DC converter station project in Saudi Arabia, marking a significant breakthrough for its proprietary technology [4] Product Range - The company offers a variety of flexible AC transmission products, including static synchronous compensators and flexible energy storage converters, primarily targeting overseas markets [5] - Its high-power converter products are utilized in critical industries such as aerospace testing, shipbuilding, and natural gas pipeline transportation, showcasing a leading advantage in specific segments [5][6] Financial Performance - The company reported revenues of 233 million yuan, 508 million yuan, and 234 million yuan for the years 2023 to the first half of 2025, with net profits of -56 million yuan, 35 million yuan, and -5 million yuan respectively [6] - The funds raised from the IPO will be allocated to the development and industrialization of offshore wind power transmission equipment, green low-carbon flexible power core equipment, and the establishment of a research and testing center [6] Future Outlook - Successful implementation of the fundraising projects is expected to solidify the company's leading position in the core equipment sector of new power systems, enhancing its market competitiveness and meeting current and potential market demands [6]
荣信汇科科创板IPO获受理 拟募资9.77亿元
Zheng Quan Shi Bao Wang·2025-11-26 03:13