Beijing Stock Exchange Listed Company Jiankang Technology Announces Simplified Procedure for Private Placement Authorization

Securities Daily reporter Meng Ke

On March 26, Beijing Stock Exchange-listed company Bicon Technologies announced its intention to request shareholder approval for the board of directors to use a simplified procedure to issue shares to specific targets. This makes it the second company and the first in the Beijing region to disclose announcements related to simplified procedure refinancing following the introduction of a package of measures to optimize refinancing by the Beijing Stock Exchange.

Bicon Technologies is a leading domestic provider of comprehensive solutions for safety monitoring IoT services, focusing on the research, development, production, and sales of smart monitoring sensors (precision sensors, intelligent data acquisition devices). It also provides system integration and operation and maintenance services for safety monitoring IoT, which are widely applied in fields such as geological disaster prevention, underground engineering safety, water conservancy and hydropower, and construction safety. It is recognized as a national-level specialized, sophisticated, and innovative “little giant” enterprise.

In 2025, Bicon Technologies achieved operating revenue of approximately 407 million yuan, a year-on-year increase of 14.32%; net profit was approximately 82.31 million yuan, an increase of about 6.87% year-on-year. Bicon Technologies maintains robust profitability, with a dual improvement in revenue scale and profit quality, highlighting its sustained competitive advantage in the niche market of safety monitoring IoT, and providing solid fundamental support for this refinancing.

On February 9, 2026, the Beijing Stock Exchange launched a package of policies to optimize refinancing in accordance with the unified deployment of the Securities Regulatory Commission, aiming to enhance market functions and better support the high-quality development of innovative small and medium-sized enterprises. The core content of this optimization includes increasing support for the refinancing of high-quality listed companies, improving the inclusiveness and convenience of refinancing systems, etc., with the goal of establishing a reasonable and demand-based follow-up financing mechanism to provide efficient and convenient financing services for innovative small and medium-sized enterprises, fully leveraging the role of capital markets in optimizing resource allocation and guiding orderly and reasonable capital flows.

According to relevant regulations of the Beijing Stock Exchange, the simplified procedure for targeted issuance has the characteristics of being “small and quick,” significantly improving review efficiency compared to conventional procedures, effectively shortening the financing cycle for enterprises and reducing financing costs. Bicon Technologies’ proactive response to the Beijing Stock Exchange’s optimization package for refinancing and its active exploration of simplified procedure refinancing pathways not only represents the company’s pragmatic move to seize opportunities in capital market policies and drive innovation through financing but also vividly reflects the continuous optimization of the refinancing ecosystem of the Beijing Stock Exchange, providing a reference for more listed companies on the exchange to effectively utilize refinancing tools and achieve high-quality development.