Dahua Technology's subsidiary Huarui Technology plans to IPO on the A-share market and has started the listing guidance filing

Recently, the Zhejiang Regulatory Bureau disclosed the public disclosure documents of the coaching registration of Zhejiang Huarui Technology Co., Ltd. Its sponsor is CICC. According to the coaching plan, CICC will start coaching Huarui Technology in September 2021. The coaching plan will be implemented in three phases. The first phase is from September to October 2021; the second phase is from November to December 2021; and the third phase is from December 2021 to the coaching acceptance.

According to the information, Huarui Technology is a digital product and solution provider for the field of industrial intelligent manufacturing. It is mainly engaged in the research and development, production and sales of core machine vision components and industrial mobile robots, and provides customized industry solutions for downstream customers. Driven by technological innovation, the company helps customers build digital workshops, create smart factories, and improve the level of intelligent manufacturing, and contributes to accelerating the innovative application of industrial Internet and promoting the interconnection of all factors and the entire industrial chain of manufacturing.

In the field of machine vision, based on its long-term core technology, the company has developed an intelligent basic algorithm platform with deep learning as the core, as well as core components such as area array industrial cameras, line array industrial cameras, smart industrial cameras, 3D industrial cameras, barcode readers, algorithm libraries and configurable software, to achieve all-round visual industrial applications such as high-precision detection, identification, measurement and positioning guidance.

In the field of mobile robots, the company has independently developed various types of mobile robots such as lurking, transferring, forking and patrolling, integrating multiple autonomous navigation technologies such as laser, vision, texture, etc., and through the robot dispatching system, it provides end-to-end handling, stacking, automatic inspection and other industry applications.

In order to help customers achieve a balance in manufacturing "cost-efficiency-quality", the company has developed key industry solutions based on its technical advantages in machine vision and mobile robots by deeply understanding the actual application scenarios and diversified process requirements of industry customers, effectively improving the degree of production automation and intelligence, and helping customers improve quality, increase efficiency, reduce costs, and reduce inventory. The industry solutions provided by the company have been successfully applied to logistics, 3C manufacturing, new energy, LCD panels, textiles, semiconductors, automobile manufacturing, power inspection and other industries, and are still exploring new terminal application scenarios.

In terms of equity structure, Dahua Technology directly holds 25.5 million shares of Huarui Technology, accounting for 45.90% of the company's total share capital. In addition, the company's other shareholder holding more than 5% is CITIC Huarui Asset Management, which holds 8.38% of the company's shares.