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Xiang Mingneng is mainly engaged in the research and development, production and sales of micro motors, fans and intelligent components, providing customized, intelligent, modular components and total solutions for customers in the industries of HVACR (Heating, Ventilation, Air Conditioning, Purification and Refrigeration), Transportation Vehicles, Communication Systems, and Medical and Healthcare.

Xiang Ming Energy (301226.SZ) disclosed a prospectus, the company intends to make an initial public offering of 17 million shares at an issue price of RMB 29.66 per share. The subscription date is March 11, 2022.

The company is mainly engaged in the research, development, production and sales of micro motors, fans and intelligent components, providing customized, intelligent and modular components and overall solutions for customers in HVACR (heating, ventilation, air-conditioning, purification and refrigeration), transportation vehicles, communication systems, medical and healthcare industries, etc., and is a high and new-tech enterprise in China with its own research, development and innovation capabilities.

According to the display, the net profit attributable to the shareholders of the parent company from 2018 to 2020 is: 62,677,100 yuan, 44,753,900 yuan, 59,646,100 yuan, respectively.

The issue of fund-raising projects include: motor and fan reconstruction and expansion project, production base expansion project, supplement working capital project; the proposed use of funds totaling 365 million yuan.

Changzhou Xiangming Wise Energy Power Co., Ltd. to motor technology as the core, to provide various types of AC motors, DC brushless motors, DC brush motors and precision fans, as well as magnetic pumps, precision deceleration and transmission, control components and software and other products and technical solutions, with the customization of the development of the technical capabilities of customers. The company insists on the pursuit of quality and performance to provide safe, reliable, efficient and environmentally friendly products. The company has passed ISO9001, TS16949 quality management system, ISO14001 environmental management system certification. Our products have passed CCC, CE, VDE, UL and other safety certifications. Our customers are distributed in 23 provinces and cities in China, and our products are exported to Japan, South Korea, the United States, Canada, Brazil, Germany, Spain, Switzerland, Sweden, France, Italy, Denmark, Poland, Russia and so on.

Business ScopeProduction of motors, motor extensions and accessories, fans, pumps, ventilation appliances, health care appliances, electronic control components, electronic instruments; sales of self-produced products; engaged in the above commodities and their related raw and auxiliary materials, instruments and meters, control devices, machinery and equipment, related spare parts, software, domestic purchasing, wholesaling, import and export business (does not involve state-run trade-administered commodities, involving quotas, License Management Commodities, according to China's relevant application) and related technical services. (Items subject to approval by law, can only carry out business activities after approval by relevant departments)