Stay true to the original intention and maintain steady development, continuing the journey ahead.

On August 25, 2017, the China Securities Regulatory Commission officially announced on its website that Beijing Qingchang Electric Technology Co., Ltd. plans to apply for an initial public offering of stocks and to be listed on the Growth Enterprise Market, marking an important step in Qingchang Electric's capital strategic planning, further accelerating the company's listing process.

Industry policy support, revenue and profits are expected to achieve a double harvest

In 2017, the power equipment industry where the company is located still maintained rapid demand growth. The "Action Plan for the Construction and Renovation of Distribution Networks (2015-2020)" clearly proposed to "further promote the intelligence of switchgear and fully complete the oil-free transformation of switches, aiming for an oil-free rate of 100% by 2020." This will further open up the market space for advanced equipment such as solid-insulated ring network cabinets. With strong support from national policies, Qingchang Electric faces significant development opportunities and is expected to achieve a double harvest in revenue and profits.

Early layout of new energy adds new vitality to performance growth

In response to the national call for the use of clean energy and in line with the trend of electric vehicle industry development, the company has independently developed a series of charging pile products and shifted part of its business focus to new energy since 2016, achieving good results. In 2016, the company obtained inspection reports for DC 60KW, 120KW, AC 7KW, and 40KW AC charging piles; won the bid for the charging pile construction project of the Beijing Municipal State Taxation Bureau; successfully entered the Shanghai market and established a branch in Shanghai, radiating to East China and South China. In the face of new opportunities and challenges, Qingchang Electric has laid out new energy charging pile projects in advance, adding new vitality to future performance growth.

IPO review acceleration, advanced manufacturing industry welcomes listing dividend period

In 2017, the China Securities Regulatory Commission further promoted the construction of a multi-level capital market system and deepened the reform of the new stock issuance system, with a significant acceleration in IPO reviews. In the first half of 2017 alone, 225 companies passed the IPO review, 237 companies completed IPO issuance, raising 116.646 billion yuan, with year-on-year increases of 106%, 259%, and 192%, respectively, approaching the total business volume of 2016. At the same time, under the national "supply-side" reform policy, the advanced manufacturing industry has become a key guided industry for the CSRC's listing and issuance, with both issuance speed and financing scale far exceeding other industries. With the further deepening of the "supply-side" reform, the advanced manufacturing industry will welcome a listing dividend period.

As a leading manufacturing company in the power equipment industry, Qingchang Electric actively aligns with national policy directions and industry development trends, having formulated a capital strategic development plan in advance. The company has completed the listing guidance filing with the CSRC and has entered the guidance phase for listing on the Growth Enterprise Market. With the dual benefits of significantly accelerated IPO reviews and the advanced manufacturing industry entering a listing dividend period, the company's path in the capital market looks bright, and the listing process has entered a substantial fast track.

Stay true to the original intention, allowing all shareholders to share in the company's development dividends

The steady development of Qingchang Electric is the result of the joint efforts of all employees and the unity of shareholders. Allowing all employees to fully demonstrate their value and continuously create economic value for all shareholders has always been the company's direction. Staying true to the original intention allows for progress; therefore, the company will further optimize its industrial structure, enhance technological content, continuously promote the IPO process, achieve double growth in revenue and profits, and share the company's development dividends with all shareholders through rapid development and substantial achievements!