SPRIXIN’s IPO on the A-share Growth Enterprise Market: Opening Up a New Future of New Energy Digital Technology

Time：2022-04-29 Source：SPRIXIN

On April 29, 2022, State Power Rixin Technology Co., Ltd. (stock abbreviation "Guoneng Rixin", stock code "301162") was successfully listed on the A-share Growth Enterprise Market, unfolding a new chapter in the development of the company. The number of shares issued this time is 17.73 million shares, accounting for 25.01% of the total share capital after the issuance. The issue price is 45.13 yuan per share, with an issue P/E ratio of 61.30 times, and the opening price 50 yuan per share. After the opening, the share price rose rapidly - as of 9:33 AM, the highest price rose to 61.80 yuan per share, seeing an increase of 36.9% compared to the opening price.

Due to the requirements of epidemic prevention and control, this listing ceremony was broadcast live by Quanjing.net in the form of "cloud bell-ringing". Leaders of Beijing Haidian District Government, Shenzhen Stock Exchange, BBMG Group, Changjiang Securities, and Mr. Yong, Zheng, Chairman and General Manager of State Power Rixin Technology Co., Ltd., attended the ceremony remotely to witness the milestone moment of SPRIXIN.

At 9:25 in the morning, as the listing bell rang, State Power Rixin Technology Co., Ltd. was successfully listed on the A-share GEM!

Since its founding in 2008, SPRIXIN has since been deeply engaged in developing software and data application services for new energy market entities, such as new energy power plants, power generation groups, and power grid companies, and provides them with various products, including power forecasting systems, intelligent grid-connected control systems, intelligent operation systems for new energy power plants, and new energy management systems for the power grid, etc.

The funds raised from the IPO, about 800.1549 million yuan, are planned to be invested in upgrade projects of the company’s new energy power forecast products and the big data platform, and new energy control and management products. These product upgrades are expected to effectively optimize the company’s product features, improve its energy-related technology level, and help build a more complete and reasonable new energy product system and service network, thereby further enhancing the core competitiveness and profitability of SPRIXIN.

Thanks to years of independent innovation and R&D investment, SPRIXIN has made a series of scientific research achievements and mastered numerous core technologies, and will unceasingly contribute to the new energy industry. Though a leader in the new energy power forecasting market, SPRIXIN sees more than just resting on its laurels. In addition to power forecasting and power control systems, new products and technologies are also rapidly deployed and grown. The self-developed ancillary decision-making system for power trading has been innovatively applied in the power spot market in the first batch of national pilot provinces, assisting new energy power stations to participate in market-oriented power transactions in a standardized and profitable manner, and improve the consumption ability of new energy. Furthermore, with the announcement of various favorable policies in the ancillary service market across the country, the company’s intelligent operation and management system for Virtual Power Plant has also been promoted and applied successfully by the State Grid and a number of power generation groups.

Under the national goal of "Dual Carbon", SPRIXIN aims at providing better products and services thus fostering the development of the new energy industry. In terms of comprehensive energy services, SPRIXIN strives to obtain efficient complementarity and coordinated development of multiple sources of energy. The company so far has achieved new energy planning, application, and management of different dimensions via data technology, with which various interactive application systems or platforms, such as power forecast + power trading, power forecast + group control group adjustment, and power forecast+ energy storage EMS (energy management system), etc., are developed. Experienced in applicating and serving energy data technology, SPRIXIN dedicates itself to deeper research and development of technologies including big data, cloud computing, AI, IoT (Internet of Things), etc., in order to provide all-inclusive data application products and overall solutions that will stimulate the interaction of the power system's source, grid, load, and energy storage, and create a broader space for achieving green and low-carbon development by building a new power system with new energy as the main body.

As the new energy industry is growing prosperously with the national strategic goals of energy, SPRIXIN, along with the trend, incessantly optimizes its products and expands its business. The company, having served more than 2,000 new energy power plants up to now, facilitates digital and standardized management of new energy for its customers of new energy power stations, power generation groups, and the power grid, so that renewable energy can be fully consumed and utilized. Domestically, SPRIXIN, centering at its Beijing headquarters and expanding nationwide, has successfully provided services for State Grid Corporation of China, China Southern Power Grid Corporation, and the ‘five major six minor’ power generation groups. The company’s business in the international market is also developing increasingly mature as SPRIXIN set foot in Southeast Asia, Central Asia, Africa, and other regions, its global map of new energy gradually enlarging.

In the future, SPRIXIN, with the power of the capital market, will continue to take developing clean energy as its own responsibility, implementing the guidelines of green energy as its core concept, and delivering high-efficiency, low-cost clean energy to more people as its very mission, endeavoring to contribute as much as possible to the creation of a green and low-carbon natural environment for the globe.