On September 7, the results of the deliberations of the Listing Committee of the Shenzhen Stock Exchange' s Growth Enterprise Market showed that Sunwin Furniture Co., Ltd. (referred to as "Sunwin Furniture") met the issuance conditions, listing conditions and information disclosure requirements for the first launch. This also means that the road to IPO of Sunwin Furniture is basically clear, and it is expected to be listed in 2021.

Sunwin Furniture is a service-oriented trader with original design as its core competitiveness. It is positioned as "the most valuable partner of global customers and suppliers", providing characteristic home textiles and home furnishings for medium and large-scale retailers and mid-to-high-end brands around the world. Clothing and specialty fabric products, including cushions, blankets, shawls in the living room scene, bedding, bathrobes, pajamas in the bedroom scene, and home casual wear, sports and leisure wear, accessories, etc.

Sunwin Furniture plans to be listed on the Shenzhen Stock Exchange' s ChiNext this time. It is planned that the number of new shares issued to the public will not exceed 25 million shares, and the number of shares issued by the company this time will account for no less than 25% of the total share capital after the issuance.

Sunwin Furniture plans to raise 534 million yuan, of which 292 million yuan will be used for the "annual production of 5.22 million cushions, 4.59 million blankets, 1 million sweaters and accessories construction projects" and 86.218 million yuan for the "digital design exhibition center" "Construction Project", RMB 33,681,100 were used for the "Digital Management Platform Construction Project", and RMB 122 million was used for the "Supplementary Working Capital".

In terms of finance, from 2017 to the first half of 2020, its operating income was 1.088 billion yuan, 1.081 billion yuan, 1.104 billion yuan, and 850 million yuan; net profits were 34,527,500 yuan, 65,990,800 yuan, 73,025,200 yuan, and 58,898,800 yuan. Overall performance has maintained growth.