Shengu Group Listed on SSE Main Board, Capitalization of Domestic High-End Compressors Accelerated

Shengu Group, a leading domestic major equipment manufacturer, completed its main board listing on the Shanghai Stock Exchange in September. Its core products include ultra-high-pressure compressors, energy storage compressors and large centrifugal compressors for chemical processes. Funds raised from this IPO will be invested in high-end compressor R&D and the construction of domestic testing platforms. Industry analysis indicates that capital support will speed up technological iteration of domestic large process compressors and energy storage compressors, breaking the long-term reliance on imported compressors in high-end chemical and energy storage sectors, and driving the upgrading of supporting industrial chains for domestic main engines, seals and other core components.