荣信汇科IPO：以科技创新推动新型电力系统核心设备持续升级

Core Viewpoint - Rongxin Huike Electric Co., Ltd. has officially received acceptance for its IPO application on the Sci-Tech Innovation Board, focusing on the development, manufacturing, and sales of core equipment for new power systems [1] Group 1: Company Overview - Rongxin Huike is a high-tech enterprise specializing in the research, manufacturing, and sales of flexible transmission equipment and high-power converters, serving various industries including power generation, oil and gas pipelines, and defense [1][2] - The company is recognized as a national-level "little giant" enterprise and has undertaken several major national scientific research projects, receiving widespread recognition for its products and technologies [1][3] Group 2: Technological Advancements - The company has successfully applied over 100,000 pressed IGBT devices in the power electronics field, with more than 12,000 of these being domestically produced, thus promoting the localization of core components in flexible DC transmission equipment [2] - Rongxin Huike has developed a complete intellectual property system in the flexible transmission field, with 166 patent authorizations, including 108 invention patents [3] Group 3: Market Position and Opportunities - The company holds a market share of over 25% in the flexible DC converter market, participating in four out of five operational high-voltage flexible DC projects since 2020 [4] - As of September 2025, the company has an order backlog exceeding 3.68 billion yuan, which is expected to be gradually delivered over the next 2-3 years, laying a solid foundation for future performance [4] Group 4: IPO and Future Plans - The funds raised from the IPO will support the company's response to national energy strategies and carbon reduction goals, focusing on the research and industrialization of key technologies related to new power systems [5] - Planned projects include the development of offshore wind power transmission equipment and green low-carbon flexible power core equipment, aimed at establishing a leading advantage in the core equipment field of new power systems [5]