On April 13, 2021, Xin Feng Guang Electronic Technology Co., Ltd. was officially listed in science and technology innovation board, becoming another invested enterprise that successfully landed in the capital market after the harvest of Infinity Capital, and the first science and technology innovation board IPO company under the state-owned enterprise in Shandong Province.
Xin Feng Guang Electronics, established in August 2004 and headquartered in Wenshang County, Jining City, Shandong Province, is a high-tech enterprise engaged in the research, development, production, sales and service of high-power electronic energy-saving control technology and related products. Its products include high-voltage dynamic reactive power compensation devices (SVG), various high-voltage and low-voltage frequency converters, rail transit energy feedback devices, special power sources, etc., which are widely used in new energy power generation, rail transit, metallurgy, electric power, mining and chemical industries.
Since its establishment, Xin Feng Guang has always insisted on building an electrical control equipment product system with high-power electronic energy-saving control technology as the core technology platform, and has achieved rapid development with strong technical strength, advanced production technology, obvious cost advantage and high-quality management team. At present, the market share of Xin Feng Guang high-voltage dynamic reactive power compensation device and high-voltage frequency converter products ranks in the forefront in China, and has established a well-known brand image in the field of domestic power quality management and high-voltage energy conservation.
Xin Feng Guang took the lead and participated in the formulation of the national standard of frequency conversion governor, the national standard of regenerative braking energy absorption inverter device for rail transit, the industrial standard of static var generator for power quality, and also participated in the drafting of IEEE international standard for energy feedback device of DC traction power supply system. It is the vice chairman unit of Inverter Branch of China Electrical Appliance Industry Association, and has a national and local joint engineering research and development center for new energy and energy conservation.
In November 2011, Infinity Capital completed its investment in the new scenery. The relevant person in charge of Infinity Capital said Xin Feng Guang is leading and is the vanguard in the field of energy-saving control technology in China. In the future, Xin Feng Guang will enrich its product categories, expand its product categories, enhance its R&D strength and continuously expand its market share in the industry through the smooth implementation of fundraising projects, and its development prospects are worth looking forward to.
Xin Feng Guang publicly issued 34.99 million shares this time, with an issue price of 14.48 yuan/share, a price-earnings ratio of 20.6 times, and a total of 506.6552 million yuan raised. The raised funds will be mainly used for "R&D, upgrading and expansion projects of frequency converters and SVG", "R&D and industrialization projects of regenerative braking energy absorption inverter devices in rail transit", "R&D and industrialization projects of energy storage PCS products" and "R&D center construction projects".
The successful listing of Xin Feng Guang has also become another invested enterprise listed in science and technology innovation board under Infinity Capital.
