Sieyuan Electric Files for Hong Kong Main Board Listing

Stock News02-11

Sieyuan Electric Co., Ltd. (SZSE: 002028), a global power transmission and distribution equipment manufacturer and comprehensive power energy solutions provider, has submitted a listing application to the Main Board of the Hong Kong Stock Exchange. CITIC Securities is acting as the sole sponsor for the offering. According to the prospectus, Frost & Sullivan data indicates that based on 2024 revenue in China's power transmission, distribution, and control equipment market, the company ranked eighth among international enterprises, fifth among domestic Chinese enterprises, and third among domestic private enterprises, holding a market share of 3.5%. As one of the few companies in the industry with the capability to research, develop, and manufacture primary power equipment, secondary equipment, and energy storage-related devices, along with providing integrated solutions, Sieyuan Electric has established an industrial chain layout covering six core business lines. These include switchgear, transformers, protection and automation, power electronics, energy storage systems and components, and EPC (engineering, procurement, and construction), forming a business ecosystem of "products + solutions + services" and a diverse product matrix.

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