Huasheng Radar Science and Technology Board IPO has been inquired, focusing on refined meteorological detection and short-term warning and forecasting services.

On January 19, Zhejiang Huasheng Radar Co., Ltd. (referred to as Huasheng Radar) applied for a change in the status of the Shanghai Stock Exchange's Science and Technology Innovation Board listing review to "inquiry received", with CITIC SEC as the sponsoring institution, intending to raise 1.15 billion yuan. The prospectus shows that Huasheng Radar is deeply involved in meteorological fine detection and short-term warning and forecasting business. Currently, it mainly engages in the research, development, production, and sales of phased array meteorological radar systems and fine warning and forecasting software systems, providing clients with integrated solutions for meteorological fine detection and short-term warning and forecasting. The company's main products are phased array weather radar, phased array rain gauge radar, and related algorithms and application systems, which can be used in weather detection and forecasting, water resources rainwater situation monitoring and forecasting, civil aviation meteorological support, major event security, etc. It is gradually expanding its applications in low-altitude flight support and resilient city construction fields. With the development of fine weather forecast demand and the continuous expansion of downstream application scenarios, Huasheng Radar actively lays out meteorological detection products such as laser wind profiling radar and ubiquitous sensing devices, further enriching a diverse range of meteorological detection solutions, striving to become a leading enterprise in the field of meteorological full sensing. As one of the earliest domestic manufacturers engaged in the development and promotion of phased array meteorological radar, the company is a leading enterprise in the phased array meteorological radar industry. As of now, the company has implemented products in more than 20 provinces nationwide and has successfully participated in major events such as the Meteorological support for the "Commemoration of the 80th Anniversary of the Victory of the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War", China's MA60 aircraft airworthiness certification, the launch of the Shenzhou spacecraft, and the Hangzhou Asian Games event security, receiving recognition from relevant units. Approved by the Company's Fifth Meeting of the First Board of Directors and the Third Extraordinary General Meeting in 2025, the net proceeds from the issuance of new shares in this offering will be used entirely for projects related to the company's main business. Financially, in the years 2022, 2023, 2024, and January-June 2025, Huasheng Radar achieved revenues of approximately 30.427 million yuan, 73.2211 million yuan, 354 million yuan, and 134 million yuan respectively; during the same period, net profits were approximately -55.0804 million yuan, -53.3494 million yuan, 77.6158 million yuan, and 11.4944 million yuan respectively.