The Securities Regulatory Commission approved the IPO registration of Shengu Group on the Shanghai Stock Exchange

The Zhitong Finance App learned that on July 30, the Securities Regulatory Commission issued the “Approval to Register the Initial Public Offering of Shares by Shen Gu Group Co., Ltd.” According to reports, Shen Gu Group is listed on the Shanghai Stock Exchange, and CICC is the sponsor and plans to raise 2,134 billion yuan.

According to the prospectus, Shen Gu Group is a strategic, pillar and leading enterprise in China's general machinery industry. It undertakes the task of localizing major technical equipment and complete solutions for the fields of petroleum, chemicals, electricity, natural gas, new energy, etc., and is one of the few manufacturers in the world that can independently design and manufacture major technical equipment such as large-scale complex compressors and high-end nuclear main pumps.

According to Frost & Sullivan's “China Nuclear Pump Market Research Report”, in the field of nuclear main pumps, as of December 31, 2023, the company has accumulated orders for third-generation nuclear main pumps in operation and under construction (excluding backup pumps) with 28 units, ranking second in the Chinese market share; of these, there are 28 shielded main pumps, accounting for 63.6% of the shielded main pump market share in China, ranking first in the industry.