On August 25, 2017, the China Securities Regulatory Commission official website publicized the listing counseling announcement of Beijing Qingchang Power Technology Co., Ltd. intending to apply for initial public offering of shares and listing on the GEM, marking the strategic planning of Qingchang Power's capital. An important step is to further speed up the company’s listing process.
Industry policy support, revenue, profitability is expected to usher in double harvest
In 2017, the company's power equipment industry continued to maintain high-speed demand growth, and the “Distribution Network Construction and Transformation Action Plan (2015-2020)” clearly stated that “the intelligentization of switchgear equipment will be further promoted and the oil-free switch will be fully completed. By 2020, the oil-free rate will reach 100%, which will further open up the market space for advanced equipment such as solid insulated ring main units. Under the strong support of national policies, Qingchang Power is facing major development opportunities and is expected to achieve Revenue and profit are both good harvests.
Layout of new energy in advance, performance growth adds new vitality
In response to the country’s call for clean energy, in response to the development trend of the electric vehicle industry, the company has independently developed a series of charging piles, and has shifted its business focus to new energy business since 2016. At present, it has achieved good results. In 2016, the company obtained DC 60KW, 120KW, AC 7kw, and 40KW AC charging pile inspection reports; winning the bid of the Beijing State Taxation Bureau's charging pile construction project; charging piles successfully entered the Shanghai market and set up a Shanghai branch to radiate East China and South China. In terms of new opportunities and new challenges, Qingchang Power planned to arrange new energy charging pile projects in advance, adding new vitality to the growth of the later period.
IPO audit speeds up, leading-edge manufacturing industry ushered in the listing bonus period
In 2017, the China Securities Regulatory Commission further promoted the construction of a multi-level capital market system, deepened the reform of the new stock issuance system, and accelerated the speed of IPO audits. In the first half of 2017 alone, 225 companies had passed IPO audits, and 237 companies completed IPO issuance with financing of 116.646 billion yuan, an increase of 106%, 259%, and 192% year-on-year, respectively, approaching the 2016 full-year business volume. At the same time, under the guidance of the “supply-side” reform of the country, cutting-edge manufacturing has become the key guiding industry for the listing and issuance of the China Securities Regulatory Commission. Both the issuance speed and the financing scale far exceed those of other industries, with the reform of the “supply side”. Further deepening, cutting-edge manufacturing industry will usher in the listing bonus period.
As a cutting-edge manufacturing company in the power equipment industry, Qingchang Power actively follows the national policy guidance and the development direction of the industry, and formulates the capital strategy development plan in advance. It has completed the listing and counseling filing at the China Securities Regulatory Commission and entered the counseling stage for listing on the GEM. With the double acceleration of IPO auditing and the arrival of cutting-edge manufacturing companies, the prospect of the company's capital market is bright, and the process of listing has entered the realm of fast track.
Don't forget the initial heart, let all shareholders share the development dividend of the company
The steady development of Qingchang Power is the result of the concerted efforts of all employees and the majority of shareholders. It is the direction that the company has always insisted on that all employees fully demonstrate their value and continuously create economic value for all shareholders. The company will further optimize its industrial structure, increase its technological content, continuously push forward the IPO process, achieve double growth in revenue and profit, and allow all shareholders to share the company's development dividend with rapid development and rich performance!