On December 2, a new stock, Jingchuang Electric (920035.BJ), listed on the Beijing Stock Exchange. The company specializes in the R&D, production, and sales of intelligent controllers for cold chain equipment, monitoring recorders for pharmaceutical and food cold chains, refrigeration and heat pump testing instruments, and environmental particulate detection devices. It also provides IoT and cloud-based system solutions. Jingchuang Electric is a national high-tech enterprise and a national-level "Little Giant" specializing in niche sectors.

Technologically, as of November 17, the company has participated in drafting 38 national, industry, and group standards closely related to its core products, securing a leading position in cold chain control and monitoring technology standards.

In terms of global market expansion, Jingchuang Electric has established subsidiaries in the U.S., U.K., and Brazil. Additionally, the company has entered the supply chains of leading refrigeration equipment manufacturers such as Panasonic, Haier Electronics, and Aucma. Domestically, it serves customers through direct sales, trade partnerships, and consignment models. Internationally, online sales are conducted via major e-commerce platforms like Amazon and Shopify, while offline sales involve ODM, OEM, and direct sales to renowned global manufacturers. The company has built a strong reputation overseas due to its high quality, cost-effectiveness, and customization capabilities.

According to QYResearch, in 2023, Jingchuang Electric held 13.13% and 4.64% market shares in China and the global cold chain temperature and humidity control markets, respectively, ranking first domestically and among global leaders. In the refrigeration and HVAC testing instrument market, its shares were 3.62% in China and 2.20% globally, placing it among the top five domestically and in the global forefront.

Jingchuang Electric cautioned about potential risks from changes in government subsidies and tax incentives. From 2022 to the first half of 2025, government subsidies accounted for 24.44%, 23.59%, 19.50%, and 4.84% of total profits, respectively. Tax benefits during the same period represented 12.22%, 13.27%, 13.74%, and 15.56% of total profits. Adverse policy changes or loss of high-tech enterprise status could negatively impact the company's financial performance.