Sanxing Electric Files for HKEX Listing, Ranking 1st in China’s Smart Power Distribution & Utilization Equipment Market and 1st Globally in Smart Meter Shipments for 6 Consecutive Years

NewTimeSpace News: Ningbo Sanxing Medical Electric Co., Ltd. (601567.SH) submitted a Main Board listing application to the Hong Kong Stock Exchange on June 12, with China International Capital Corporation (CICC) acting as the sole sponsor. According to Frost & Sullivan, based on 2025 revenue from smart power distribution and utilization equipment and solutions, the company ranks 7th globally and 1st in China; its smart meter shipments have led the world for six consecutive years since 2020. It is also China’s largest rehabilitation specialty medical service group.

NewTimeSpace News: As disclosed by the Hong Kong Stock Exchange, Ningbo Sanxing Medical Electric Co., Ltd. (601567.SH) filed for Main Board listing on June 12, 2026, with CICC serving as the sole sponsor. Sanxing Electric is a global leading provider of smart power distribution and utilization equipment and turnkey solutions, as well as a leading rehabilitation specialty medical service group in China.

According to Frost & Sullivan, in terms of 2025 revenue from smart power distributionand utilization equipment and solutions, the company ranks 7th globally and 1st in China, with a global market share of 1.9% and a Chinese market share of 5.0%. Its smart meter shipments have been the world’s highest for six consecutive years since 2020, capturing a 10.1% global market share in 2025. In the rehabilitation medical sector, with 25 operational rehabilitation hospitals, it ranks first among China’s chain rehabilitation hospital groups, holding a 2.8% market share.

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