A 150 billion giant split out an IPO, with Ideal and Xiaomi as customers

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In recent years, many A-share listed companies have planned to spin off their subsidiaries for listing.


Among them, in 2024, Nanshan Aluminum, Noli Group, China Merchants Energy Shipping, Wolong Electric Drive, Shuanghuan Transmission and other companies will announce the progress of listing of their spin-off subsidiaries (a detailed list of IPO spin-offs is attached at the end of the article) .

Spin-off listing can not only allow subsidiaries to focus more on core businesses, expand new financing channels, and mobilize the competitiveness and development potential of corresponding subsidiaries chinese overseas america data through equity incentives. For some listed companies in traditional industries, by spinning off new businesses and listing them, the new businesses can also have independent valuations, which has many benefits .

However, not all spin-off listings will be successful. In 2024, 30 companies including SAIC Group, Han's Laser, Sichuan Energy Investment, Jingsheng Mechanical and Electrical, Dongfang Precision, and Jiangxi Copper announced their spin-off listing plans. But there are also successful cases, such as iFlytek Medical, a subsidiary of iFlytek, which successfully listed on the Hong Kong Stock Exchange in December 2024.

Glodon News learned that recently, United Power, which is controlled by Huichuan Technology (300124.SZ), has been seeking to be listed on the Growth Enterprise Market under the sponsorship of Guotai Junan Securities. What is the quality of this company? Let's find out.

Huichuan Technology spun off an IPO with a valuation of nearly 50 billion?

The full name of United Power is "Suzhou Huichuan United Power Systems Co., Ltd.". Its predecessor, United Power Limited, was established by Huichuan Technology in 2016 and was transformed into a joint-stock company in 2023. It is now preparing to be split and listed.

Prior to this issuance, Zhu Xingming indirectly controlled 94.51% of the shares of United Power through Huichuan Technology and was the actual controller. At the same time, Lianyi Venture Capital and Lianfeng Investment together hold 5.49% of United Power’s equity.