① The listing guidance filing materials of China Electronics Technology Defense Co., Ltd. have been registered, planning an IPO on the A-share market, with China International Capital Corporation as the guidance institution. ② The core research capabilities of China Electronics Technology Defense cover shortwave communications, satellite communications, ultra-shortwave communications, reconnaissance and early warning, electronic interference, anti-radiation guidance heads, unmanned operations, electromagnetic spectrum warfare, and intelligent equipment.
According to the Star Daily on May 14, the CSRC disclosed that the listing guidance filing materials of China Electronics Technology Defense Co., Ltd. have been registered, planning an IPO on the A-share market, with China International Capital Corporation as the guidance institution.
According to the Peking Property Exchange, China Electronics Technology Defense is a backbone in the modernization of China's weaponry and equipment; its shortwave communications, satellite communications, and electronic countermeasure technologies are at the leading level domestically, and it is the leading unit for formulating the technical system for satellite and shortwave communications in China. Its core research capabilities cover shortwave communications, satellite communications, ultra-shortwave communications, reconnaissance and early warning, electronic interference, anti-radiation guidance heads, unmanned operations, electromagnetic spectrum warfare, and intelligent equipment. It has a complete R&D and production chain for military communications and electronic countermeasures, possessing the necessary qualifications and permits for engaging in research and production business.
China Electronics Technology Defense was formerly known as Nanjing Panda Handa Technology Co., Ltd. (State-owned 714 Factory); Panda Handa was wholly owned by Nanjing China Electronics Panda Information Industry Group Co., Ltd. under the China Electronics Information Industry Group, with a history tracing back to 1936 when it was founded and is regarded as the cradle of China's electronics industry, the Central Radio Equipment Company.
In 2023, China Electronics Technology Defense initiated a mixed ownership reform. According to the disclosure of the mixed reform project, China Electronics Technology Defense had total assets of 16.817 billion yuan, revenue of 4.188 billion yuan, and net income of 0.302 billion yuan in 2022.
In the mixed reform, China Electronics Technology Defense introduced investors such as Zhongbing Investment, CHINA BEST Satellite Application Industry Fund, National Civil-military Integration Industry Investment Fund, Nanjing New Engineering Investment, China Electronics Jin Investment, Double Hundred Fund, Greater Bay Area Technology Innovation Fund, and China Electronics Smart Fund.
Recently, JUNGONGHANGYE sentiment has been "ignited". Similarly, the Changsha Beidou Industrial Safety Technology Research Institute Group Co., Ltd. (Beidou Institute), also a military enterprise, has recently launched IPO guidance.
On May 11, the People's Daily published an article titled "Accelerate the Liberation and Development of New Quality Combat Power," emphasizing that currently, a new round of technological revolution and industrial transformation is flourishing, with a large number of advanced technology weapons being used in real combat; intelligent technology, unmanned equipment, and Big Data applications have become new growth points for combat capability. In-depth research on the characteristics and laws of modern warfare, accelerating the liberation and development of new quality combat power, is both an urgent task for building a first-class military and a requirement for winning future wars.
Analysts from Zhongyou Securities, Bao Xuebo and Wang Yutong, pointed out in a Research Report: Looking ahead to 2025, with the "Centenary Goal of Strengthening the Military" entering its second half, the JUNGONGHANGYE orders are expected to reach a turning point. There will be new technologies that enhance equipment performance or lower equipment costs, new products represented by new domains and qualities of combat power, and new market directions brought about by military trade and the conversion of military technology, which may contain greater elasticity.
