New stock news | Shengsoft Technology's Hong Kong IPO prospectus becomes invalid

Shandong Shengruan Technology Co., Ltd. (hereinafter referred to as Shengruan Technology) submitted its Hong Kong stock prospectus on January 23, 2025, which expired after 6 months on July 23, 2025, with GF SEC (Hong Kong) as the exclusive sponsor at the time of submission. The prospectus shows that Shengruan Technology is a provider of intelligent solutions aimed at breaking through industry development bottlenecks and accelerating industrial digitization transformation. The company provides integrated solutions covering the entire process from informatization construction to digitization construction for large and medium-sized energy enterprises, small and medium-sized manufacturing enterprises, and public management institutions. According to the Frost & Sullivan report, as a leader and pioneer in the smart energy solution and smart oil and gas field solution markets, the company has helped achieve breakthroughs in the digitization transformation of the exploration and development environment: based on revenue in 2023, Shengruan Technology is the only independent solution provider among the top five participants in the Chinese smart oil and gas solution market, and ranks third in the independent smart energy solution market in China.