Jiaxuan Smart Files Hong Kong IPO Application with 80%+ Global Market Share in Permanent Magnet Drive Drums

According to ZhiTong Financial, Jiaxuan Smart Industrial Technology Co., Ltd. submitted its Hong Kong Stock Exchange main board listing application on June 30, with Dongxing Securities (Hong Kong) as the sole sponsor. The China-based permanent magnet industrial drive solutions provider holds over 80% global market share in permanent magnet direct-drive drum supplies and ranks first worldwide in mining industry solutions by revenue, according to Frost & Sullivan data. For the year ended December 31, 2025, the company generated revenue of approximately 936 million yuan, net profit of 41.6 million yuan, and has established partnerships with around 1,500 global clients across mining, manufacturing, and new energy sectors.
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