As the autumn wind whistled and plentiful fruits ripened, two festivals were approaching together. It was a good time for public offering. On September 28, 2023, Xi'an ACTIONPOWER Electric Co., Ltd. was officially listed on the STAR Market of Shanghai Stock Exchange (SSE) under stock code 688719.
Six guests sounded the gong to open the market for ACTIONPOWER, including Su Huchao, Secretary of the Leading Party Members' Group and Director General of Shaanxi Local Financial Supervision and Administration, Yang Yong, Deputy Director General of Xi'an Financial Work Bureau, Su Yanmin, a professor of Xi'an Jiaotong University, Chen Guochao, Vice President of Changjiang Financing Services Co., Limited, Huang Min, Chairman of GoodWe, and Bai Xiaoqing, Chairman of ACTIONPOWER. More than 300 guests, including government leaders, partner universities, customer representatives, partners, friends from all sectors of society and the management team of ACTIONPOWER, attended the listing ceremony to witness the historic moment of ACTIONPOWER.
Focusing on power conversion and control of power electronics in the past 27 years, ACTIONPOWER provides users with products and solutions of precision test power supply, special power supply, and power quality control, which are applied in many fields such as photovoltaic energy storage, electric vehicles, aerospace, rail transit, scientific research and testing, smart grids, and special equipment. The company serves as an equipment manufacturer and solution provider in related industries.
In his speech at the ceremony, Bai Xiaoqing introduced that ACTIONPOWER has been pursuing the dream of competing with international first-class brands since its founding in the 1990s. After 27 years of unremitting efforts, ACTIONPOWER has been able to compete with top international brands in various subdivided fields of the power electronics industry, and it has participated in a number of national key model projects for large-scale scientific and technological infrastructure and special equipment. As it was listed on the SSE STAR Market, the company brought its dream one step closer to reality. To achieve the carbon peaking and carbon neutrality goals, power electronics technology, as the core of power conversion and control, becomes more critical. The requirements for controllability, self-reliance and self-strengthening make it more urgent to independently produce high-end equipment. Innovation and upgrading have become the strongest voice of the era. China is transforming from an imitator and follower into a leader or co-leader in the manufacturing sector, and striving for the rise of domestic brands. This is both an opportunity of the times and a responsibility of ACTIONPOWER as a scientific and technological innovation enterprise. The company's successful entry into the capital market at this time is opportune and fitting. Based on the new platform, we will continue driving the sustained and robust development of our company with maximum efficiency, and creating value for the country, society, shareholders, employees, and partners. In addition, we will insist on scientific and technological innovation, maintain and strengthen our competitive advantages in subdivided fields, help achieve the rise of Chinese brands, and make contributions to industrial upgrading and the undertakings of building China's strength in science and technology.
As the sponsor representative, Chen Guochao stressed in his speech the spirit of ACTIONPOWER to put continuous effort into power electronics and overcome all obstacles. The listing on the STAR Market is the result of long-term meticulous efforts of the company and a new starting point for it to achieve leapfrog development. The stars will light the way forward for people who work hard, and these people will surely make some achievements. Chen Guochao is full of confidence in the future of ACTIONPOWER.
Su Huchao delivered a speech on behalf of the government. He said that listed enterprises are leaders and vanguards of local economy. To promote the economic development of Shaanxi, efforts need to be made to strengthen scientific and technological innovation and transform the development mode. The CPC Shaanxi Provincial Committee and Shaanxi Provincial People's Government attach great importance to the development of the capital market. Taking enterprise listing as an important measure to write a new chapter in Shaanxi's development as a part of Chinese modernization, they will continue to assist listed enterprises. As an excellent representative of enterprises with advanced technologies in Shaanxi, ACTIONPOWER is highly consistent with the local economy in terms of the development direction. The company's successful listing on the STAR Market is the result of its commitment to innovation and relentless efforts, as well as the diligence and concerted efforts of government departments at all levels. The province hopes that ACTIONPOWER will take the listing as a new starting point, give full play to its brand advantages as a listed enterprise, adhere to innovative development, improve its operation level, release its long-term value, repay investors and the society with better performance and a stronger sense of social responsibility, and contribute new strength to the high-quality economic development of Shaanxi.
Opening a brilliant chapter in power electronics, ACTIONPOWER will build a dream through scientific and technological innovation in the future. At the new starting point, ACTIONPOWER will start a new journey at the new starting point and write a more brilliant new chapter for the company's development.
