Core Viewpoint - Shenzhen Haoying Technology Co., Ltd. has received acceptance for its IPO on the Sci-Tech Innovation Board, focusing on the development and production of drone power systems and electric vertical takeoff and landing (eVTOL) power systems [1] Company Overview - Haoying Technology is primarily engaged in the research, development, production, and sales of drone power systems [1] - The company is significantly investing in the eVTOL power system sector [1] IPO Details - The company aims to raise approximately 1.96 billion yuan through this IPO [1] - After deducting issuance costs, the net proceeds will be fully invested in the high-end power system intelligent industrial park project (Phase I), the upgrade of the Haoying R&D center, and to supplement working capital [1]

Core Viewpoint - Sanrui Intelligent Technology Co., Ltd. is a leading manufacturer of drone and robot power systems, and it has initiated an IPO on the Shenzhen Stock Exchange to raise 769 million yuan for expansion and development projects [1][5]. Group 1: Company Overview - Sanrui Intelligent specializes in the research, production, and sales of electric power systems for drones and robots, with a focus on electric vertical takeoff and landing (eVTOL) power systems [3]. - The company offers a comprehensive range of products including motors, electronic speed controllers, propellers, and integrated power systems, applicable across various sectors such as agriculture, industrial inspection, logistics, and emergency rescue [3][4]. - Sanrui's products are recognized globally, being exported to over 100 countries and regions, with notable clients including Aerospace Electronics, Zongheng Co., and Leica Geosystems [3]. Group 2: Business Growth and Financial Performance - The revenue from Sanrui's robot power systems has seen rapid growth, with significant clients including Hexagon and MIT, indicating strong market demand [4]. - From 2022 to 2024, Sanrui's revenue is projected to grow from 362 million yuan to 831 million yuan, with a net profit increase from 113 million yuan to 333 million yuan [5]. - The company anticipates a compound annual growth rate of 53.64% in its drone electric power system revenue, increasing from 309 million yuan in 2022 to 728 million yuan in 2024 [4]. Group 3: Market Position - According to a Frost & Sullivan industry report, Sanrui is expected to hold a 7.1% market share in the global civil drone electric power system market by 2024, ranking second only to DJI [4].