The East Tech Innovation Board IPO has been questioned, focusing on the development and manufacturing of key technologies for intelligent mining.

On January 19th, Dandong Orient Control Technology Co., Ltd. (referred to as Orient Control) applied to the Shanghai Stock Exchange's Sci-Tech Innovation Board for a change in its listing review status to "inquiry received." Guotai Haitong is the sponsor institution, with a planned fundraising of 1.1 billion yuan. According to the prospectus, Orient Control is a high-tech enterprise that provides intelligent online detection and analysis equipment, intelligent control systems, intelligent equipment, and related intelligent services for global non-ferrous metal mines, ferrous metal mines, coal mines, cement, metallurgy, wind power, petrochemicals, and their upstream and downstream enterprises. The company has been deeply involved in the research and development and production of key technologies for intelligent mining for many years, with a complete product system and advanced key technology levels, dedicated to promoting the continuous improvement of China's strategic mineral resource utilization and ensuring the security of China's strategic mineral resources. Relying on outstanding scientific and technological innovation capabilities, the company has overcome "bottleneck" technologies in multiple key areas such as multi-element online detection and analysis technology, intelligent decision-making technology based on multi-element intelligent body fusion for mine production control, and B/S architecture three-dimensional geological transparent and visualized sharing technology. It is the only domestic enterprise that has mastered neutron activation online detection and analysis technology and achieved industrialization on a large scale, realizing domestic substitution for high-end elemental online detection and analysis equipment. The company adheres to independent research and development and has opened up markets based on the core advantages of product diversity, stability, and high performance, enjoying a good reputation in the industry and establishing solid business relationships with many state-owned enterprises and large private enterprises. Its main customers include more than 100 domestic state-owned enterprises and large private enterprises such as the State Energy Group, State Power Investment, CNBM Group, China Communications Construction Group, China Ordnance Industry Group, China Baowu Group, China Minmetals Group, Aluminum Corporation of China, Jiangxi Copper Group, Zijin Mining Group, China National Gold Group, China Nonferrous Metals Group, Western Mining Group, Conch Group, China Coal Group, Huaibei Mining Holdings, Kailuan Group, Shanxi Coking Coal Energy Group, BBMG Corporation, and Xinjiang Qingsong Building Materials and Chemicals Group. During the reporting period, the company undertook the construction of several major flagship projects in the industry, such as the Intelligent Mining Project of Yulong Copper Mine in Tibet, the Intelligent Mining Project of Julong Copper Industry in Tibet, the Dexing Copper Mine Intelligent Mining Project, and the Sishanling Iron Mine Intelligent Mining Project. The company undertook the R&D and application project of the heavy medium intelligent separation system of Shanxi Coking Coal Energy Group's Shaqu coal preparation plant, which was included in the National Energy Administration's "Compilation of Typical Cases of National Coal Mine Intelligent Construction (2023)." In addition, the company actively implemented the "Belt and Road" initiative, deeply explored overseas markets, and its products have been successfully applied in more than 30 countries such as Italy, Israel, Czech Republic, Morocco, India, Indonesia, Namibia, Congo (Kinshasa), Chile, and Peru. In 2025, the company's intelligent online detection and analysis equipment was applied at the world's largest copper mine - BHP Escondida Copper Mine, and the same year undertook the construction of the world's largest greenfield iron mine - Guinea Simandou Iron Mine Intelligent Mining Project, directly competing with enterprises from developed countries in Europe and America. Leveraging years of technological accumulation and product development, the company has researched and developed over 100 products covering the main application links of intelligent mining, including neutron activation online elemental analysis instruments, mineral processing and coal preparation intelligent control systems, Webmine transparent geological assurance platform, among others. The key performance indicators of the main products are significantly better than comparable products in the industry. According to a certificate issued by the China Metallurgical Mining Enterprise Association, the company's domestic market share in the field of industrial online elemental analysis instruments exceeded 70% in 2023, ranking first. The company's intelligent manufacturing products and solutions cover the main production control layer requirements, such as intelligent mining equipment layer, control layer, production execution layer, and intelligent decision layer, providing customers with integrated intelligent manufacturing solutions that span the entire production process and life cycle. The company is currently a leader in the overall market position with over 400 large-scale intelligent mining projects undertaken. In 2025, the company's intelligent online detection and analysis equipment was applied at the world's largest copper mine - BHP Escondida Copper Mine, and the same year undertook the construction of the world's largest greenfield iron mine - Guinea Simandou Iron Mine Intelligent Mining Project, directly competing with enterprises from developed countries in Europe and America. In terms of finances, in the fiscal years 2022, 2023, 2024, and from January to June 2025, the company achieved operating revenues of approximately 603 million yuan, 521 million yuan, 567 million yuan, and 211 million yuan respectively. Net profits for the same periods were 92.57 million yuan, 74.77 million yuan, 73.08 million yuan, and 4.30 million yuan respectively.