On the 15th, there was another good news for the listing of companies in Changchun City. Changchun Yingli Automobile Industry Co., Ltd. was listed on the main board of the Shanghai Stock Exchange.
The number of shares issued in this public offering is approximately 149 million shares, with an issue price of 2.07 yuan per share, today’s opening price of 2.48 yuan per share, and a total market value of 4.452 billion yuan on the first day. Yingli Automobile’s successful listing has opened its capital path. The funds raised will be used for the construction of the R&D and testing center, as well as the upgrade and transformation of the full range of product manufacturing equipment.
Yingli Automobile is located in Changchun New District. Since its establishment in 2006, it has focused on the R&D and production of lightweight auto parts. Its main business is the design, R&D, manufacturing and sales of body structure parts and anti-collision system parts. The province has 5 large-scale production bases and R&D centers, 16 wholly-owned or holding subsidiaries, and 5 joint-stock companies in 13 provinces and cities across the country. Excellent customers such as Asia Pacific, BMW Brilliance, and GAC Fick have established in-depth cooperative relationships.
In the future, Yingli Automobile will continue to optimize existing processes, improve research and development capabilities, continue to make efforts in the direction of lightweight, improve the level of intelligent manufacturing and lean production, and further enhance its business scale and profitability.
Yingli Auto was listed on the Shanghai Stock Exchange. It is the second company listed in Changchun New District after Zhongbang Environment successfully listed on the Hong Kong Stock Exchange in early January this year. In the work of guiding enterprises to go public, Changchun New Area has been adhering to the development path of “intensive and connotative”, using the listing service platform to help enterprises connect with financial institutions, and establish a capital market service base for the Shanghai Stock Exchange with the Shanghai Stock Exchange in Jilin Province. The Shenzhen Stock Exchange has established a normalized roadshow mechanism and established a normalized consultation mechanism with the National SME Share Transfer System (New Third Board) to narrow the distance between regional enterprises and the capital market.
So far, there have been 11 listed companies in Changchun New Area.
Source: Changchun Daily
Editor: Chen Xiao
Final review: Feng Yan
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