On the evening of July 14, the Securities and Futures Commission approved the first applications of 12 companies according to legal procedures, of which 11 companies announced the start of the IPO procedure on the 15th. Among them, Sichuan Instrument Co., Ltd., one of the leading manufacturers of automated instrument manufacturing in China, plans to raise capital by 626 million yuan to become the largest enterprise to be funded.


On the evening of July 14, the Securities and Futures Commission approved the first applications of 12 companies according to legal procedures, of which 11 companies announced the initiation of the IPO procedure on the 15th. The 12 IPOs (initial public offerings) companies are mostly concentrated in emerging industries. As the low-cost issuance models are still expected to continue, it may be inevitable that new IPOs will emerge.

According to industry classification, Sichuan Instrument Co., Ltd., Absen, Tianhua Superclean, and Coni Electromechanical belong to the information technology industry. Sinoma Energy Conservation and Guomao Environmental Protection belong to the energy-saving and environmental protection industries encouraged by the government. New industry enterprises promoted by new technologies are Lots of IPO companies occupy the bulk.

Among the 11 companies that have disclosed the prospectus, the largest fund to be raised is Chuanyi Co., Ltd., and the proposed fund raising amounted to 626 million yuan. Tianhua, the smallest scale, is ultra-clean and the proposed fundraising is only RMB 99.96 million.

For many years, Chuanyi adhered to scientific and technological innovation and industrial service to the country. It is committed to providing advanced automated instrumentation and system solutions for key projects in the country's power, metallurgy, petrochemical, building materials, transportation, and municipal engineering industries. Sichuan Instrument Technology, Market, Talents and other aspects have a certain first-mover advantage, have a relatively strong technical foundation, a complete range of products, improve the sales service network, system integration and total package service capabilities in the domestic industry in a leading position.

Sichuan Instrument Co., Ltd. is mainly engaged in industrial automatic control system devices and complete sets of engineering equipment. It is one of the leading enterprises in domestic automation instrument manufacturing. Sichuan Instrument Co., Ltd. ranks first in the comprehensive strength of domestic enterprises in the same industry, and each major single product ranks in the forefront in the industry, with strong competitive advantage. The fundraising will be mainly invested in three projects: intelligent field instrumentation technology upgrading and production capacity improvement, process analysis equipment and industrialization of environmental monitoring equipment, and innovation capability building of technology center.

The automation instrument focuses on the development of main control system devices based on fieldbus technology, as well as intelligent instrumentation, special and special automation instruments. From the market demand, China's industrial automation market demand is booming. According to the forecast of the China Instrument and Meter Association, by the end of the 11th Five-Year Plan period, the demand for industrial automation market will exceed 100 billion yuan. As the nation’s concern for people’s livelihood has increased greatly, some needs related to the people’s livelihood have also been mentioned on the agenda, and new requirements and market demands have also been placed on instrumentation.

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