New Stock News | DeWind Technology files for a second time on the Hong Kong Stock Exchange

According to the Hong Kong Exchange's disclosure on January 20th, Beijing Defeng Xincheng Technology Co., Ltd. (referred to as Defeng Technology) has submitted its listing application to the main board of the Hong Kong Exchange, with Rijin Capital as its exclusive sponsor. This is the company's second application to the Hong Kong Exchange. The prospectus shows that Defeng Technology is a mature AI-enabled industrial Internet of Things (AIoT) production optimization software solution technology developer, focusing on helping China's energy, manufacturing, and hybrid industries to achieve energy efficiency improvement, excellent operations, safety production, and sustainable development. According to a Frost & Sullivan report, based on revenue for the 2024 fiscal year, Defeng Technology is the fifth largest independent professional AIoT service provider in China, with a market share of approximately 1.8%. Based on revenue for the 2024 fiscal year, the company is also the third largest independent professional AIoT service provider in China's energy industry, with a market share of approximately 9.9%.