Zhongsheng Technology's IPO has been accepted by the Shenzhen Stock Exchange. Focusing on "high-efficiency heat transfer technology", it plans to raise 1.15 billion yuan.

On June 8, Guolian Minsheng Securities sponsored the IPO of Zhongsheng Technology (Jiangsu) Group Co., Ltd. (referred to as Zhongsheng Technology) on the Shenzhen Stock Exchange Main Board. The company plans to raise 1.15 billion yuan. According to the prospectus, since its establishment in 2014, Zhongsheng Technology has been focusing on "high-efficiency heat transfer technology", aiming at the localization of major equipment and "beneficial environmental protection". The company provides customized comprehensive services from single equipment to complete equipment systems solutions for downstream applications in various process industries such as chemical industry, LNG, polycrystalline silicon, industrial energy conservation and environmental protection, metallurgy, electricity, building materials, and cold region frozen soil management. This helps customers increase production, reduce energy consumption, and solve energy-saving and emission reduction problems in the heat transfer process of the process industry. The company has formed a business matrix with chemical equipment, polycrystalline silicon equipment, complete equipment and system services for industrial energy conservation and environmental protection, and cold region frozen soil management as the main business. The operating model is efficient and stable, and the overall business model is mature. The chemical equipment of the company mainly includes chemical material equipment and LNG equipment, which are complete sets of equipment used to achieve heat exchange, separation, reaction, and other physical and chemical processes in the production of chemical materials and the LNG gasification process. Its core function is to efficiently complete unit operations and chemical reactions, significantly affecting the efficiency, energy consumption, and economic benefits of the production process. The polycrystalline silicon equipment business of the company mainly involves the customized design, manufacturing, and sales of high-end equipment such as hydrogenation reactors, gas-to-gas heat exchangers, and reduction furnaces for customers in the field of polycrystalline silicon. The business of complete equipment and system services for industrial energy conservation and environmental protection is aimed at the "high energy consumption" and "difficult treatment" pain points in these industries. By relying on core technologies such as "low-temperature flue gas heat exchange system technology", the company provides customized systematic solutions to achieve energy savings and emissions reduction through efficient heat exchange and combustion, promoting the concept of "beneficial environmental protection" and helping customers achieve energy savings, emission reduction, and stable operation over the long term. The company's developed heat rod product is a thermal superconductor cooling device with unique one-way cooling performance. In winter, the working medium inside the heat rod changes from liquid to gas, taking away underground heat and transferring natural cold from the ground to the underground, making the frozen soil more solid and forming a perennial frost layer. When summer comes and the temperature rises, the frozen soil will not melt. The heat rod technology effectively improves the freezing strength of frozen soil, preventing frost heaving and thawing sinkage during the operation of railways, highways, transmission towers, oil pipelines in high-cold freezing soil areas, while keeping water in the form of perennial frost underground, effectively avoiding construction interference in frozen soil, preventing frozen soil degradation and desertification in frozen soil areas. Continuous innovation has allowed Zhongsheng Technology to lead the industry development and form a high-quality customer base worldwide. Its customers include many well-known companies such as Sinopec, PetroChina, CNOOC, State Grid Corporation of China, China National Energy Group, China Coal Group, China National Chemical Engineering Group, Wanhua Chemical Group, Rongsheng Holding, Hengli Group, Fujian Zhenshashihua, Shanghai Huayi Group Corporation, Tongwei Co., Ltd., Xinjiang Daqo New Energy, Hoshine Silicon Industry, Baowu Steel Group, and many others. In addition to China, the company has successfully sold its products to Asia, Europe, South America, Australia, the United States, the Middle East, and other regions and countries. At the same time, the company has been certified by multiple multinational companies as suppliers and has established business relationships with them, with major customers including BASF, Dow Chemical, Shell Group, BP, Saudi Aramco, SABIC, and other leading foreign chemical companies. The overview of the investment projects for the funds raised by the company this time are as follows: Financially, in the years 2023, 2024, and 2025, the company is expected to achieve operating income of approximately 6.864 billion yuan, 4.362 billion yuan, and 3.377 billion yuan respectively. During the same period, the net profit is expected to be approximately 689 million yuan, 284 million yuan, and 263 million yuan respectively.