CSRC approves Haiyang Technology's application for IPO on the Shanghai Stock Exchange main board.

On March 27th, the China Securities Regulatory Commission announced its approval of the initial public offering of shares of Haiyang Technology Co., Ltd. It is reported that Haiyang Technology plans to list on the Shanghai Stock Exchange Main Board, with Dongxing as its sponsor, aiming to raise 612 million yuan. According to the prospectus, Haiyang Technology is one of the leading enterprises in China engaged in the research and development, production, and sales of nylon 6 series products. Since its establishment, the company has adhered to the diversified development path with "nylon 6 new materials as the main line", and after years of industry accumulation and development, it has formed a complete series of nylon 6 products including chips, filaments, and curtain fabrics. The company's products and technological strength have been recognized by well-known domestic and international customers. As of now, the issuer has established long-term cooperation in the main product areas with well-known large chemical, synthetic fiber, and tire enterprises such as BASF, Enka Insaat ve Sanayi A.S., Xiaoxing Group, Kingfa Sci. & Tech., Yiwu Huading Nylon, AERFA, Zhongxin Group, Zhongce Rubber, Shandong Linglong Tyre, Qingdao Sentury Tire, Jiantong Tire, PRINX CHENGSHAN, Doublestar Tire, and others, continuously enhancing its brand awareness.