Deloitte China assists listing of XJ Electrics on SEHK
Deloitte China supported the listing of X.J. Electrics (Hu Bei) Co. (XJ Electrics, stock ticker: 02619.HK) on the Stock Exchange of Hong Kong (SEHK) on 25 June 2025.
XJ Electrics offered about 68.22 million shares at HKD2.86 each, raising around HKD195 million.
(From left) Andy Chen, Deloitte China’s Audit & Assurance (A&A) manager; Ming Yao, A&A director; Yan Hu, XJ Electrics’ Executive Director, secretary to the Board and Chief Financial Officer; Kitson Wong, Capital Market Services Group's (CMSG) Southern Region Offering Services partner; Dick Kay, CMSG's National leader; Shanao Yu, lead client service partner of the XJ Electrics IPO engagement and PRC Technical Co-Leader of CMSG; Yun Pan, XJ Electrics’ Chairman and Executive Director; Sonia Chu, CMSG's Southern Region Offering Services partner; Ernest Lee, Deloitte China's Technical partner and a member of the Listing Committee of the SEHK; Ying Ji, XJ Electrics’ Executive Director and Vice General Manager; Shelly Zhou, A&A manager; Celine Liu, senior auditor and Shelia Chen, auditor attend the listing ceremony in Hong Kong Stock Exchange.
(From left) Shelia Chen, Andy Chen, Sonia Chu, Kitson Wong, Shanao Yu, Yun Pan, Dick Kay, Ernst Lee, Yan Hu, Ming Yao, Shelly Zhou, and Celine Liu attend XJ Electrics’ listing ceremony in Hong Kong Stock Exchange.
Client overview
XJ Electrics is a manufacturer of lifestyle household goods, operating mainly on an original design manufacturing (ODM) / original equipment manufacturing (OEM) basis, and has built a customer portfolio comprising many globally longstanding names such as Walmart, Telebrands, SEB Asia Ltd, Sensio, Hamilton Beach and Philips. According to a Frost & Sullivan's report, XJ Electrics was one of the 10 largest companies in terms of export value in 2024 in the small kitchen appliance industry in the PRC.
Source: XJ Electrics’ IPO prospectus published on 17 June 2025
Deloitte’s role
As a core service institution, Deloitte China has been deeply involved in the entire process of offering reporting, fundraising and listing of this client. Our engagement team worked closely with various professional parties, delivered high quality professional services using our rich industry experience and assisted XJ Electrics in listing on SEHK.
Deloitte China congratulates XJ Electrics on its successful listing on the SEHK. We will continue to provide high quality professional services and outstanding resources integration to assist more clients to take one-step ahead in today's increasingly competitive and complex business environment.
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