New stock news | Sheng Software Technology submits documents to the Hong Kong Stock Exchange for the second time this year, completing approximately 5000 smart energy projects.

According to the disclosure of the Hong Kong Exchanges and Clearing Limited (HKEX) on July 25th, Shandong Shengruan Technology Co., Ltd. (referred to as Shengruan Technology) has submitted its application for listing on the HKEX Main Board, with GF SEC (Hong Kong) as its exclusive sponsor. This is the company's second submission this year. According to the prospectus, Shengruan Technology is a provider of digital solutions, committed to accelerating industrial development and transformation. The company provides end-to-end solutions in three main directions, including smart energy solutions for large and medium-sized energy enterprises in the oil and gas industry, intelligent manufacturing solutions for small and medium-sized manufacturers in vertical industries such as petrochemicals, oil equipment, and automotive parts, and smart city solutions for public management agencies. According to a Frost & Sullivan report, by revenue in 2024, the company is the only independent solution provider among the top five participants in the Chinese smart oil and gas solutions market, and ranks second in the Chinese independent smart energy solutions market. After decades of operation, the company's business has expanded from the Shengli Oilfield to other oil and gas fields of China Petroleum & Chemical Corporation, as well as to other major energy company oil and gas fields in China and expanding to some overseas markets in the Middle East. They have completed approximately 5,000 smart energy projects. The company's solutions are designed to meet the comprehensive needs of smart oil and gas field construction, and are widely used by major energy companies such as China Petroleum & Chemical Corporation, PetroChina, CNOOC Limited, and Zhenhua Oil. Leveraging their technological expertise and R&D capabilities in the oil and gas industry, the company has actively expanded into other application scenarios. In the field of intelligent manufacturing, the company focuses on the vast market opportunities for digital transformation in small and medium-sized manufacturing enterprises in China and actively provides integrated solutions. So far, they have developed digital solutions covering nine key areas including safety production, energy conservation and emission reduction, quality control, supply chain management, design and development, manufacturing execution, operations management, warehousing and logistics, and operations and maintenance. The company provides intelligent manufacturing solutions for 12 industries such as petrochemicals and oil equipment, and supports 88 industrial application scenarios, creating lightweight cloud services and cloud collaborative services that integrate operational technology (OT) systems for the industry. In smart city solutions, the company empowers public management agencies with solutions for industrial parks, emergency command, and government affairs. As of April 30, 2025, they have completed over 330 smart city projects, contributing to the efficiency of urban management. Financially, in the fiscal years 2022, 2023, 2024, and the four months ending on April 30, 2025, the company achieved revenues of approximately RMB 391 million, RMB 502 million, RMB 525 million, and RMB 30.699 million respectively; during the same period, the annual profits were RMB 37.607 million, RMB 53.664 million, RMB 59.298 million, and -RMB 20.499 million respectively.