IPO News | Proposed Hong Kong stock IPOs such as Dazu CNC (301200.SZ) and Kaijie E-commerce have received materials from the China Securities Regulatory Commission

The Zhitong Finance App learned that on December 6, the China Securities Regulatory Commission issued an overseas securities issuance and listing filing schedule (initial public offering and full circulation) for domestic companies (as of December 6, 2025). In the week of December 1 to December 6, proposed Hong Kong stock IPOs such as Dazu CNC (301200.SZ), Kaijie E-Commerce, Shenzhen Intelligent, and Hemei Pharmaceutical were accepted by the China Securities Regulatory Commission.

According to the prospectus, Dazu CNC is a PCB-specific production equipment solution service provider. The company operates in the PCB special equipment industry and is a core infrastructure supplier for various downstream industries (such as servers and data storage, automotive electronics, mobile phones, computers and consumer electronics). During the track record period, most of the company's revenue came from mainland China.

As a digital retail solution provider, Kaijie E-Commerce provides brand owners with comprehensive and customized digital retail solutions to help brand owners efficiently establish e-commerce infrastructure and promote online sales, thereby improving operational efficiency and accelerating business growth. The solution covers the entire value chain of the e-commerce industry ecosystem, including brand positioning, product development consulting, retail operations, channel management, marketing promotion, fulfillment, and data and information technology services.

Established in 2002, Hemei Pharmaceutical is a biopharmaceutical company dedicated to the discovery and development of self-developed small-molecule drugs for autoimmune diseases and tumors, and has mature expertise in Ps, BD, IBD, and chemotherapy development.

Shenyan Intelligence is a decision-making AI technology company in China that provides AI applications with a strategic focus on marketing and sales scenarios. According to Frost & Sullivan, the company ranked first in the marketing and sales decision-making AI application market in China in terms of 2024 revenue, with a market share of 2.6%. In the overall decision-making AI application market in China, given its huge size, the company ranked fourth by 2024 revenue, with a market share of 1.6%. During the track record period, the company provided decision-making AI applications with a strategic focus on marketing and sales scenarios, covering intelligent advertising and intelligent data management. These applications include the two flagship platforms AlphaDesk and AlphaData.