Shanghai and Shenzhen Stock Exchanges

Acceptance of Guidance Filing Registrations

From November 4th to November 11th, seven companies had their domestic (Shanghai and Shenzhen Stock Exchanges) listing guidance filing registrations accepted.

Data Source: Public Information; Chart Preparation: Insight IPO

Anwen Technology Group Co., Ltd.

On November 4th, Anwen Technology Group Co., Ltd. (abbreviation: Anwen Technology) submitted a listing guidance filing report to the Hebei Securities Regulatory Bureau, with GF Securities as the guidance institution.

Anwen Technology is an innovative enterprise specializing in the production of automotive components. Its business scope covers automotive seatbelt reminders, seat heating systems, and human occupant sensing systems. The company is committed to creating a high-end brand for seat safety and comfort, with main products including thermal comfort systems, electronic sensing systems, pneumatic support systems, and intelligent control systems, comprehensively covering the comfort and safety monitoring needs of automotive cabins.

The controlling shareholder and actual controller of Anwen Technology is Zhang Haitao, holding a 45.33% stake. Additionally, Zhang Xiao directly holds a 27.58% stake, and Wu Ming directly holds a 9.37% stake.

Hangzhong Tianqi (Chongqing) Microelectronics Co., Ltd.

On November 4th, Hangzhong Tianqi (Chongqing) Microelectronics Co., Ltd. (abbreviation: Hangzhong Tianqi) submitted a listing guidance filing report to the Chongqing Securities Regulatory Bureau, with Sinolink Securities as the guidance institution.

Hangzhong Tianqi is an enterprise specializing in communication and digital energy chips and solutions. Since its establishment, the company has established research and development centers in Chongqing, Beijing, Shanghai, Shenzhen, and Changsha. The company's independent core technologies cover various fields such as low-power chip design and communication, and it has obtained over 100 independent intellectual property rights authorizations, including integrated circuit layout designs, inventions, and utility models.

According to Qichacha, Hangzhong Tianqi conducted only one Series A financing in 2024, with investors including Innovation Capital Investment, Hongtu No.1 Private Equity Investment, and Fosun Private Equity Investment.

The controlling shareholder and actual controller of Hangzhong Tianqi is Sun Xiangyang, holding a 41.43% stake. Additionally, Aerospace Zhongdian Technology (Beijing) Co., Ltd. directly holds an 18.13% stake, and Xiong Fei directly holds a 9.73% stake.

Wuhan Jiachen Electronic Technology Co., Ltd.

On November 5th, Wuhan Jiachen Electronic Technology Co., Ltd. (abbreviation: Jiachen Electronics) submitted a listing guidance filing report to the Hubei Securities Regulatory Bureau, planning for an IPO on the ChiNext board, with Ping An Securities as the guidance institution.

Jiachen Electronics is a professional enterprise engaged in the research, development, production, and sales of high-voltage safety system products in the new energy field. The company is committed to providing high-voltage safety system supporting solutions for customers in the new energy vehicle industry chain. Its products quickly cover mainstream OEMs and automotive Tier 1 customers in the market, making it a core component supplier for intelligent high-voltage safety systems in new energy vehicles.

According to Qichacha, since its first round of strategic financing in 2019 to its last Series D financing in 2023, Jiachen Electronics has raised a total of 8 rounds of financing, with investors including Hongtai Fund, China Unicom CICC Fund, and Green Energy Equity Investment.

The controlling shareholder of Jiachen Electronics is Wuhan Qirui Star Technology Co., Ltd., holding an 18.89% stake. Additionally, Dongfeng Asset Management Co., Ltd. directly holds a 7.23% stake, and Hefei Huadeng Phase II Integrated Circuit Industry Investment Partnership (Limited Partnership) directly holds a 6.17% stake.

Jiachen Electronics previously filed for guidance registration with the Hubei Securities Regulatory Bureau in April 2024, with GF Securities as the guidance securities firm. It withdrew the guidance filing after completing the fourth phase of guidance in April 2025.

Inner Mongolia Dongyuan Environmental Protection Technology Co., Ltd.

On November 6th, Inner Mongolia Dongyuan Environmental Protection Technology Co., Ltd. (abbreviation: Dongyuan Environmental Protection) submitted a listing guidance filing report to the Inner Mongolia Securities Regulatory Bureau, with Guolian Minsheng Underwriting and Sponsorship as the guidance institution.

Dongyuan Environmental Protection is a comprehensive large-scale environmental protection and water affairs group integrating environmental protection water affairs operation and investment with municipal engineering construction. During the environmental protection water affairs operation process, it integrates various sub-sectors in the water industry and provides differentiated overall water environment solutions tailored to the requirements of customers in different regions, serving the modern environmental protection industry.

The controlling shareholder of Dongyuan Environmental Protection is Inner Mongolia Dongyuan Investment Group Co., Ltd., holding a 59.47% stake. Additionally, the actual controller Wang Jing directly holds a 39.26% stake, and Inner Mongolia Junzeyuan Enterprise Management Center directly holds a 0.57% stake.

Dongyuan Environmental Protection previously filed for guidance registration with the Inner Mongolia Securities Regulatory Bureau in January 2023, with Guotai Haitong as the guidance securities firm. It withdrew the guidance filing after completing the tenth phase of guidance in July 2025.

Ningbo Jinlai Chemical Co., Ltd.

On November 7th, Ningbo Jinlai Chemical Co., Ltd. (abbreviation: Jinlai Chemical) submitted a listing guidance filing report to the Ningbo Securities Regulatory Bureau, with China Zheshang Securities as the guidance institution.

Jinlai Chemical is a chemical product manufacturer. Its products have been sold to over 50 countries, including the United States, Japan, Germany, and France. It is a designated supplier for PetroChina and Sinopec and a partner of global Fortune 500 companies. Its products are widely used in industries such as petrochemicals, pharmaceuticals, pesticides, fragrances, acrylic fiber chemical additives, new-generation environmentally friendly and efficient concrete superplasticizers, and papermaking.

The controlling shareholder and actual controller of Jinlai Chemical is Zhu Xingrong, holding a 69.84% stake. Additionally, Ningbo Zilai Enterprise Management Co., Ltd. directly holds a 19.40% stake, and Ye Huazhen directly holds a 7.76% stake.

Anhui Xinyuan Technology Co., Ltd.

On November 7th, Anhui Xinyuan Technology Co., Ltd. (abbreviation: Xinyuan Technology) submitted a listing guidance filing report to the Anhui Securities Regulatory Bureau, with GF Securities as the guidance institution.

Xinyuan Technology holds a prominent position in the epoxy reactive diluent and epoxy resin industries. It is currently one of the largest global producers of epoxy reactive diluents with the most diverse product range. The company's product range is rich, with downstream applications being extensive and continuously expanding.

According to Qichacha, Xinyuan Technology conducted only one Series A financing in February 2020, with the investor being Huangshan Gaoxin Yida Xin'anjiang Specialized, Refined, and New Venture Capital Investment Fund (Limited Partnership).

The actual controller of Xinyuan Technology is Anhui Hengyuan Holding Group Co., Ltd., holding a 65.77% stake. Additionally, Huangshan Gaoxin Yida Xin'anjiang Specialized, Refined, and New Venture Capital Investment Fund (Limited Partnership) directly holds an 8.45% stake, and the actual controller Cheng Zhenshuo directly holds a 7.31% stake.

Xinyuan Technology previously submitted application materials for the initial public offering of stocks and listing on the main board to the China Securities Regulatory Commission in November 2022. The application was transferred to the Shanghai Stock Exchange for review in March 2023 and was voluntarily withdrawn in June 2024.

Hanuorising Star Technology Co., Ltd.

On November 7th, Hanuorising Star Technology Co., Ltd. (abbreviation: Hanuorising Star) submitted a listing guidance filing report to the Hunan Securities Regulatory Bureau, with Ping An Securities as the guidance institution.

Hanuorising Star is an enterprise in China's physical space security field. After more than a decade of innovation and accumulation, the company has formed a product family centered around five major product lines: comprehensive security, safety emergency response, intelligent sensing, intelligent systems, and transportation. It provides products and solutions for customers in industries and sectors such as emergency response, public security, judiciary, natural resources, water conservancy, national defense mobilization, transportation, power, petrochemicals, and the low-altitude economy. The company currently possesses core technologies such as multi-regime and new-regime radar technologies, electronic reconnaissance and countermeasures technologies in complex electromagnetic environments, multi-sensor fusion detection technologies, multi-modal target perception and cognition technologies based on deep learning neural networks and large models, system core component design technologies, system architecture, and operating system technologies.

According to Qichacha, Hanuorising Star conducted two equity financings in January 2022 and July 2022, with investors being Ningbo Xihe Investment Management Partnership (Limited Partnership) and Hunan Xinghe Enterprise Management Consulting Partnership (Limited Partnership).

The controlling shareholder and actual controller of Hanuorising Star is Yi Xiaofei, holding a 22.83% stake. Additionally, Han Minghua directly holds a 17.30% stake, and Hunan Huanuo Investment Management Partnership (Limited Partnership) directly holds a 13.08% stake.

Hanuorising Star previously filed for IPO guidance registration in January 2025, with China Merchants Securities as the guidance institution.

Completion of Guidance Work

From November 4th to November 11th, no company completed domestic (Shanghai and Shenzhen Stock Exchanges) listing guidance work.

Passing of Guidance Inspections

From November 4th to November 11th, three companies passed domestic (Shanghai and Shenzhen Stock Exchanges) listing guidance inspections.

Data Source: Public Information; Chart Preparation: Insight IPO

Changsha Beidou Industrial Security Technology

Research Institute Group Co., Ltd.

On November 6th, Changsha Beidou Industrial Security Technology Research Institute Group Co., Ltd. (abbreviation: Beidou Institute) passed the guidance inspection.

The Beidou Institute is a research and application-driven enterprise specializing in the generation, measurement, and processing of radio signals. It closely focuses on the fields of satellite navigation and aerospace measurement and control, forming three major business directions: navigation simulation and test evaluation, temporal and spatial security and enhancement, and aerospace measurement and control and ground testing. The company specializes in the research, development, production, and technical services of components, equipment, and systems in these business directions, with customers covering various industries such as defense and military, scientific research institutes, public security, energy, transportation, and education.

According to Qichacha, since its first round of angel financing in 2020 to its last Series B financing in 2022, the Beidou Institute has raised a total of 3 rounds of financing, with investors including Hualing Jinan Industry Investment Fund, Hunan Jinan Ruishi Venture Capital Investment Fund, and Fortune Capital Chuanghong Private Equity Investment.

The controlling shareholder of the Beidou Institute is Hunan Guoke Defense Electronics Technology Co., Ltd., holding a 44.21% stake. Additionally, Changsha Tianquan Enterprise Management Service Partnership (Limited Partnership) directly holds a 14.47% stake, and Shenzhen Yangjian Enterprise Management Partnership (Limited Partnership) directly holds an 11.06% stake.

Luoyang Bearing Group Co., Ltd.

On November 9th, Luoyang Bearing Group Co., Ltd. (abbreviation: Luoyang Bearing) passed the guidance inspection.

Luoyang Bearing is a bearing manufacturer with core technologies in railway vehicle bearings and special bearings for major equipment. Its products include deep groove ball bearings, cylindrical roller bearings, tapered roller bearings, thrust roller bearings, and slewing bearings.

According to Qichacha, Luoyang Bearing conducted two Series A financings in July 2022 and August 2022, with investors including Zhengzhou Coal Mining Machinery Group, Guochuang New Energy Vehicle Equity Investment Fund, and Modern Service Industry Fund.

The controlling shareholder of Luoyang Bearing is Luoyang Guohong Investment Holding Group Co., Ltd., holding a 38.00% stake. Additionally, Zhengmei Machinery Emerging Industry Investment (Henan) Partnership (Limited Partnership) directly holds a 15.00% stake, and Jiyuan Min'an Technology Co., Ltd. directly holds a 10.00% stake.

Fujian Makeng Mining Co., Ltd.

On November 11th, Fujian Makeng Mining Co., Ltd. (abbreviation: Makeng Mining) passed the guidance inspection.

Makeng Mining is one of the extra-large magnetite deposits in China, the only large iron mine in Fujian Province, and the largest iron mine in East China, with a proven total reserve of 434 million tons through geological exploration and comprehensive utilization of associated molybdenum ore. The ore types in the Makeng mining area are mainly magnetite, which is easy to grind and contains minimal harmful elements. The iron concentrate produced by Makeng Mining is mainly supplied to nearby steel enterprises in Fujian Province, such as Sangang and San'an.

According to Qichacha, Makeng Mining conducted only one Series A financing in November 2014, with the investor being Zijin Mining Group Co., Ltd.

The controlling shareholder of Makeng Mining is Fujian Rare Earth (Group) Co., Ltd., holding a 45.90% stake. Additionally, Zijin Mining Group Co., Ltd. directly holds a 37.35% stake, and Longyan Mining Development Co., Ltd. directly holds a 10.00% stake.

Termination of Guidance Filing Registrations

From November 4th to November 11th, no company had its domestic (Shanghai and Shenzhen Stock Exchanges) listing guidance filing registration terminated.