[digital reading IPO] the first leading precision stamping special steel material enterprise in China to apply for a share today

A total of two new shares were subscribed today, namely xianglou Xincai of Shenzhen Stock Exchange and Rongyi precision of Beijing stock exchange; No new shares are listed.

subscription of new shares today

Xianglou new material is mainly engaged in the R & D, production and sales of customized precision stamping special steel materials. Its products include carbon structural steel, alloy structural steel and other special structural steel, spring steel, bearing steel, tool steel and other special purpose steel. The company’s fine blanking special steel is mainly used in the automotive industry. It has maintained long-term cooperation with well-known auto parts enterprises such as mubel, Magna, Faurecia, Valeo, pushin, fantour, Hangzhou Xzb Tech Co.Ltd(603040) and products are widely used in BMW, Audi, Jaguar Land Rover, Volkswagen, Toyota and other models

From 2019 to 2021, the company achieved operating revenue of RMB 572 million, RMB 712 million and RMB 1063 million respectively, and net profit attributable to the parent company of RMB 62 million, RMB 68 million and RMB 121 million it is worth noting that at present, there is no listed company of fine blanking special steel in China. This time, the company can be listed successfully, which is the first A-share company

Rongyi precision is a national specialized and new “little giant” enterprise . Its main business is the R & D, manufacturing and sales of precision metal parts such as precision fasteners, connectors and structural parts. Its main products are all kinds of customized nuts, screws, rivets, SMD patch nuts, stamping parts and cold heading parts, which are widely used in 3C, automobile, communication and power equipment industries.

The company has been deeply engaged in the 3C field for many years, and has become a long-term qualified supplier of well-known electronic manufacturing service providers such as Renbao, Lianbao, Heshuo, Foxconn, Guangda, Wistron and Yingyeda, and has entered its supply chain system.

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