IPO News | Daikin Heavy Industries (002487.SZ) Proposes Hong Kong Stock Listing China Securities Regulatory Commission Requests Additional Explanation of Overseas Investment Project Details

Zhitong Finance App learned that on December 19, the China Securities Regulatory Commission announced the “Requirements for Supplementary Materials for Overseas Issuance and Listing Filing (December 15, 2025 to December 19, 2025)”. The International Department of the China Securities Regulatory Commission announced supplementary material requirements for 7 companies. Among them, Daikin Heavy Industries was requested to provide additional explanations on the details of the company's overseas fund-raising projects and the implementation of overseas investment approval, approval or filing. According to reports, Daikin Heavy Industries (002487.SZ) submitted the Hong Kong Stock Exchange on September 29, 2025, with Huatai International and China Merchants Securities International as co-sponsors.

The China Securities Regulatory Commission requested Daikin Heavy Industries to further explain the following matters, and ask lawyers to check and issue clear legal opinions:

First, please provide additional information on the development of businesses such as international container ship and general cargo ship transportation, waterway general cargo transportation, and the manufacture and sale of photovoltaic equipment and components, and whether the necessary qualifications have been obtained.

Second, please provide additional information on whether the company holds marine surveying and mapping qualifications, and whether the scope of business of the company and its subsidiaries involves areas where foreign investment is restricted or prohibited.

Third, please provide additional information on the specific implementation of supervisory procedures involving overseas investment and foreign exchange management involving the company's overseas subsidiaries, and issue a concluding opinion on compliance.

4. Please provide additional information on the details of the company's overseas fund-raising projects and the implementation of overseas investment approvals, approvals or filings.

According to the prospectus, Daikin Heavy Industries is a leading global supplier of offshore wind power core equipment. It has been deeply involved in the new energy industry for nearly 20 years, providing a one-stop solution for “construction+transport+delivery” of wind power infrastructure for large global offshore wind power developers. According to Frost & Sullivan data, as of June 30, 2025, Daikin Heavy Industries is the only supplier in the Asia-Pacific region that has achieved batch delivery of single piles to Europe.

Daikin Heavy Industries' customers mainly include the world's leading offshore wind power developers and wind power machine manufacturers. In 2023, the company upgraded the “Two Seas Strategy” to the “New Two Seas Strategy”. From 2022 to the first half of 2025, the company's overseas business advanced by leaps and bounds, and the proportion of overseas revenue in total revenue increased significantly from 16.4% to 79.0%, representing the continued implementation of the “New Two Seas Strategy” and high customer recognition.