On June 14, Shenzhen Stock Exchange information showed that the application for initial public offering (IPO) of Wuxi Jiangsong Science and Technology Co., Ltd. (Hereinafter referred to as "Jiangsong Science and Technology") was formally accepted .
According to the content of the prospectus, Jiangsong Technologies intends to raise 1.053 billion yuan in this IPO. After deducting the issuance fee, it will invest in the construction projects of photovoltaic intelligent equipment production base and R & D center in order of priority . Intelligent Operation Platform Project , Suqian Intelligent Equipment Precision Machinery Processing Base Construction Project , Supplementary Liquidity. According to
the data, Jiangsong Science and Technology was established in 2007 with a registered capital of 58.8 million yuan. The company focuses on the technical research and development, production, sales, installation and technical services of solar photovoltaic cell automation equipment.
From 2022 to 2024, Jiangsong Science and Technology achieved operating income of 807 million yuan, 1.237 billion yuan and 2.019 billion yuan respectively. The net return to the mother was 88 million yuan, 131 million yuan and 187 million yuan respectively.
However, it is worth noting that Jiangsong Science and Technology has been involved in many lawsuits in recent years. In September
2024, Jiangsong Science and Technology sued Zhongke Gaoyou, a subsidiary of Zhongke Yunwang Holdings, for disputes over sales contracts. Jiangsong Science and Technology accused it of failing to pay for and pick up goods as agreed in the contract, which led to disputes between the two parties. The amount involved amounted to 14.0337 million yuan .
As of June 16, 2025, the case has not yet reached the trial stage . On January 8,
2025, Mubang Gaoke issued the Announcement on Pre-litigation Mediation Matters of the Company, stating that the litigation case between its wholly-owned subsidiary Mubang and Jiangsong Science and Technology in Guangxi had reached pre-litigation mediation .
But only three months later, on April 7, 2025, Mubang Gaoke, Jiangxi Mubang and Guangxi Mubang were listed as the executed persons by the People's Court of Xinwu District, Wuxi City, Jiangsu Province, with the execution target of 79.3666 million yuan and the case number of (2025) Su 0214 Zhihui 94.
As of June 16, 2025, the case is still in trial status .
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