Xinsheng Technology Passes NEEQ IPO Review for Second Time

LightningPacketLoss · 2026-03-13T08:40:09+00:00

Zhejiang Xinsheng Technology Co., Ltd. successfully passed the IPO review meeting on March 12, and plans to raise approximately 449 million yuan. This was its second application, as the previous one was temporarily suspended for review. The listing committee paid attention to the authenticity of its operating performance and the fairness of its subsidiary equity acquisitions.

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2026-03-13 08:40:09

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Beijing Business Daily (Reporter Ma Huanchuan, Li Jiaxue) reported that on the evening of March 12, the Beijing Stock Exchange official website showed that Zhejiang Xinsheng Technology Co., Ltd. (hereinafter referred to as “Xinsheng Technology”) was approved to list on the same day.

It is reported that Xinsheng Technology specializes in the research, development, production, and sales of computer embroidery machines. The company plans to raise approximately 449 million yuan through this IPO. Additionally, on March 12, Xinsheng Technology was scheduled to go public but was temporarily deferred for review. This marks the company’s second attempt to list.

At the listing committee meeting, regarding the authenticity of operating performance, the committee asked Xinsheng Technology to explain the reasons for and the reasonableness of the significant changes in gross profit margins for some customers. Concerning the authenticity of operating performance, the committee also asked Xinsheng Technology to explain the reasons for and the sustainability of the substantial increase in performance projected for 2025.

Furthermore, regarding the acquisition of minority equity interests in subsidiaries, the committee requested Xinsheng Technology to clarify the fairness of the purchase prices for the equity interests in Xinsheng Machinery and Xinshun Precision.

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