On November 21, 2025, Jingqiang Electronic Technology Co., Ltd. of Tongling ("Jingqiang Tech"), sponsored and lead-underwritten by Guoyuan Securities Co., Ltd., successfully passed the review at the 34th listing committee meeting of the Beijing Stock Exchange (BSE) for its public offering of shares to qualified investors. This marks Anhui Province's first domestic IPO approval in 2025.
About Jingqiang Tech: A national-level "Little Giant" specialized and innovative enterprise, Jingqiang Tech specializes in R&D, production, and sales of electromagnetic wires, ranking among China's core suppliers of aluminum-based electromagnetic wires. Its products are widely used in household appliances, transformers, industrial motors, instruments, power tools, and other sectors, serving renowned clients like Midea Group, Changhong Huayi, Wolong Electric, Supor, and Whirlpool. Recognized for its technical expertise, the company holds titles including National High-Tech Enterprise and Anhui Technological Innovation Demonstration Enterprise (2017).
Jingqiang Tech is Anhui's first company to apply for the BSE's direct listing mechanism. Throughout the IPO process, Guoyuan Securities' investment banking team adhered to its "professional, high-quality, efficient, and harmonious" philosophy, providing tailored solutions and on-site support. From the direct mechanism application to NEEQ listing, and from regulatory guidance to final approval, the team's meticulous execution ensured a smooth process, earning the company's high praise.
Offering Details: Jingqiang Tech plans to issue up to 20 million ordinary shares (excluding over-allotment), with proceeds earmarked for a 25,000-ton specialty electromagnetic wire production project and working capital. This expansion is expected to enhance the company's production scale and drive higher-quality development in the electromagnetic wire sector.
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