Hangya Technology (full name: Wuxi Hangya Technology Co., Ltd.) plans to raise 672 million yuan in the IPO of the Science and Technology Innovation Board, of which 578 million yuan will be used to expand the production capacity of the company's aero-engine key components, and at the same time, 93.78 million yuan will be invested in related R&D center construction projects.
The company's signature products are aero-engine blades, which mainly serve turbofan engines, and have been applied in batches to the aero-engines used in domestic large aircraft C9 19, realizing the localization substitution of key components of imported engines.