Oulen Electric Passes BJSE IPO Review

LightningPacketLoss · 2026-03-20T14:34:14+00:00

Zhejiang Ourlun Electric Co., Ltd. successfully passed the IPO review meeting on March 17, with plans to raise approximately 754 million yuan. The company focuses on environmental control equipment, with main products including dehumidifiers and portable air conditioners. The Listing Committee required the company to explain issues related to its distributor model and procurement and inventory matters concerning related party BUBLUE.

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2026-03-20 14:34:14

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Beijing Business Daily (Reporter Wang Manlei) reported that on the evening of March 17, the Beijing Stock Exchange website showed that Zhejiang Oulun Electric Co., Ltd. (hereinafter referred to as “Oulun Electric”) was approved on the day of its IPO review.

It is understood that Oulun Electric is a comprehensive enterprise engaged in the research and development, design, manufacturing, sales, and service of environmental regulation equipment. Its main products include dehumidifiers, portable air conditioners, car refrigerators, and air source heat pumps. The company’s IPO was accepted on June 23, 2025, and entered the inquiry stage on July 16 of the same year. The company plans to raise approximately 754 million yuan in this listing attempt.

At the listing committee meeting, the committee required Oulun Electric to explain the commercial rationality of its distributor intermediary model; to clarify the reasons, rationality, and authenticity of sales to BUBLUE, a related party, given the large procurement and inventory levels in 2022.

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