Langxin Electricidad aprueba su salida a bolsa en la Bolsa de Beijing, se cuestionan transacciones relacionadas y otros aspectos

Beijing Business Daily (Reporter Ma Huanchang, Li Jiaxue) March 10 evening, the official website of the Beijing Stock Exchange showed that Jiangsu Langxin Electric Co., Ltd. (hereinafter referred to as “Langxin Electric”) was approved on the day of its IPO review.

It is reported that Langxin Electric’s main business is the research and development, production, and sales of thermal management system electric drive components, and it is the largest domestic supplier of electronic fans for passenger vehicle thermal management systems. The company’s IPO was accepted on June 25, 2025, and entered the inquiry stage on July 18 of the same year. The company plans to raise about 350 million yuan in this listing attempt.

At the listing committee meeting, regarding the stability and sustainability of operating performance, the committee asked Langxin Electric to explain the objectivity and sufficiency of the market and policy environment changes, the prospects of the domestic and global passenger vehicle thermal management system markets, and the basis for related judgments; whether there will be adverse effects on customer demand plans after the listing; and whether there is a risk of significant decline in future operating performance.

Additionally, regarding related-party transactions, the committee also asked Langxin Electric to explain the independence of its related business and the fairness of related-party transactions, in conjunction with the formulation and implementation of related-party transaction systems with Yinlun Co., Ltd.