Hua Zhi Jie successfully listed on the Shanghai Stock Exchange through the listing committee meeting, becoming a partner of well-known companies such as Baidu Group and TTI Group.

On March 28th, Suzhou Huazhijie Telecommunications Co., Ltd. (referred to as Huazhijie) passed the listing committee meeting of the Shanghai Stock Exchange. The sponsor of this IPO is China Securities Co., Ltd., with plans to raise 486 million yuan. According to the prospectus, Huazhijie is positioned in the smart control industry and is a supplier that provides intelligent, safe, and precise key functional components for products in the fields of power tools, consumer electronics, etc. The company is mainly engaged in the research and development, production, and sales of components in the fields of power tools, consumer electronics, etc. The main products of the company include intelligent switches, intelligent controllers, brushless motors, precision structural parts for power tools, and precision structural parts and switches for consumer electronics. The company has formed 32 underlying technology combinations with core technologies such as "low resistance, low heat dual MOSFET circuit technology", "non-disassembling update program burning technology", and "dual motor and control system technology", which can further expand to fields such as smart homes, new energy vehicles, etc. The company has established long-term stable cooperative relationships with well-known power tool and consumer electronics brands and manufacturers at home and abroad, becoming partners of well-known enterprises such as Bosch Group, TTI Group, Stanley Black & Decker, Makita Group, and Delta Group. The industry in which the company operates has a high degree of market orientation and fierce competition. The power tool industry in China has experienced rapid development in the process of receiving the transfer of international division of labor, which has also driven the development of power tool components and the upstream and downstream industrial chains, making it an important supplier of power tools and components and a global production base. The market concentration of the power tool industry is high, and power tool manufacturers generally have higher quality requirements for components than the industry standards. Component manufacturers can maintain long-term stable cooperation and occupy a certain market share after being qualified as suppliers by power tool manufacturers. In terms of finance, in the fiscal years 2022, 2023, and 2024, Huazhijie is expected to achieve operating income of approximately 1.019 billion yuan, 937 million yuan, and 1.230 billion yuan, respectively, with net profits of approximately 101 million yuan, 121 million yuan, and 154 million yuan, respectively.