DeHeng Assisted Shuangxin Environment-Friendly Material in Listing on SZSE

2025-12-30

On December 30, 2025, Inner Mongolia Shuangxin Environment-Friendly Material Co., Ltd. (stock abbreviation: “Shuangxin Environment-Friendly,” stock code: 001369) was successfully listed on the Main Board of the Shenzhen Stock Exchange (SZSE). The issue price was RMB 6.85 per share, with 287 million shares offered, raising total proceeds of RMB 1.966 billion. This listing became the largest IPO by financing scale in the chemical industry in the past two years and the largest A-share IPO by issuance size in the Inner Mongolia Autonomous Region under the registration-based system, making Shuangxin the first A-share listing company in Ordos City since 2002. An Runsheng, Vice Chairman of the Inner Mongolia Autonomous Region Committee of the Chinese People’s Political Consultative Conference and Chairman of the Inner Mongolia Federation of Industry and Commerce; Ma Baoguo, Deputy Secretary for Daily Work of the Inner Mongolia Autonomous Region Party Committee’s Financial Work Committee; and Li Li, Party Secretary of Ordos, attended the listing ceremony.

As the issuer’s legal counsel for this IPO, the DeHeng team, led by partner Xu Jianjun of the Beijing Office, with partner Yang Xinghui as project lead, and with primary support from partners Wang Huakun, Zhang Dingcheng, Zhang Zhaoyi, and Li Tianjiao, worked closely with the issuer, sponsor, and auditors, and provided comprehensive, professional, and efficient legal services throughout the entire IPO process. Their rigorous and dedicated approach and solid professional output earned high recognition from the client.