Aotuotech Technology's IPO on the Sci-Tech Innovation Board has been approved by the listing committee, with plans to raise 525 million yuan.

On September 7, Aotuo Technology Co., Ltd. (referred to as Aotuo Technology) passed the listing committee meeting of the Sci-Tech Innovation Board at the Shanghai Stock Exchange. The IPO sponsor is Huatai, and it plans to raise 525 million yuan. According to the prospectus, the company is a national-level specialized and innovative "little giant" enterprise focused on the research and development, production, and sales of programmable logic controllers (PLC), with medium and large PLCs being its core products. The company is one of the earliest scientific and innovative enterprises in China engaged in the independent development of medium and large PLCs, and has been committed to the localization research of PLCs for nearly twenty years. It has developed two major product series, the NA general series and the NJ independently controllable series, achieving independent control of both software and hardware. Currently, the company's products are widely used in fields such as hydropower, petroleum and petrochemical, shipping, rail transit, national defense, municipal engineering, and metallurgy. They have gradually broken the absolute monopoly of international brands in China's medium and large PLC market, achieving breakthroughs in key technologies for core controllers in industrial control systems, and have seen industrial applications in several key areas. With comprehensive competitive advantages in research and development, products, technical services, and quality control, the company actively seeks multifaceted cooperation with leading enterprises in downstream industries, accumulating a number of high-quality and stable industry users. Through years of industrialization experience, the company has a profound understanding of the core requirements of various downstream industries for the safety and reliability of control systems, leveraging its independently developed core technologies to make product breakthroughs, providing strong support for the localization upgrade of important infrastructure. The company's PLC products have been applied in numerous self-controlled projects in critical fields, including the self-controlled transformation project of the unit at the Three Gorges Hydropower Station of the China Yangtze Power Group, the self-controlled computer monitoring system project at the Hongjiadu Hydropower Station of the Huadian Group, the renovation project of the Jiangdu Four Stations of the East Route of the South-to-North Water Diversion Project, the production information construction project of the Shengli Oilfield of China Petroleum & Chemical Corporation, the project constructing a safe and controllable urban rail transit BAS system based on independent PLC for Qingdao Metro Line 4, the automatic monitoring system project for lock gates along the entire main stream of the Huaihe River managed by the Huaihe River Basin Management Bureau of Anhui Province, the renovation project of the 4*1.5MW wind farm of the Huadian Group in Ningdong, the 6.2MW offshore wind power project of the Huadian Group in Fuqing, the renovation project of the monitoring system of the Huizhou pumped storage power station of the Southern Power Grid, and numerous other important foundational industrial and major infrastructure projects, helping clients achieve upgrades in industrial automation control and supply chain independence. In terms of finance, for the years 2023, 2024, and 2025, the company is projected to achieve operating revenues of approximately 197 million yuan, 244 million yuan, and 318 million yuan respectively; during the same period, the net profits are expected to be approximately 53.28 million yuan, 89.10 million yuan, and 118 million yuan.