The IPO of Guangdong Topstrong Living Innovation & Integration Co Ltd has been approved, in which case the company is expected to be the 21st Zhongshan-based A-share company.

Topstrong sees income growth from 2015 to 2017, with annual operating revenue of 575mn yuan, 724mn yuan and 807mn yuan respectively. The company proposes to raise 668mn yuan through the IPO. About half of the raised funds will be use in smart manufacturing projects. In specific, the company will invest 355mn yuan on the custom furniture making project, 101mn yuan on intelligent production line, and 82mn on integrated information system reform and upgrading.