Core Viewpoint - Shenzhen Haoying Technology Co., Ltd. has entered the inquiry stage 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, production, and sales of drone power systems [1] - The company is significantly investing in the eVTOL power system sector [1] IPO Details - The IPO application was accepted on October 23, 2025 [1] - Haoying Technology aims to raise approximately 1.96 billion yuan, with the net proceeds after issuance costs to 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]