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11
2023
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04
Warm Congratulations to ZZ’s Successfully Listing on the Shanghai Stock Exchange Main Board - Becoming One of the First-Batch Listed Companies Registered at Main Board
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On April 10, Zhongzhong Science & Technology (Tianjin) Co., Ltd, was successfully listed on the main board of the Shanghai Stock Exchange, becoming the first batch of listed companies on the main board after the registration system reform.
On April 10, Zhongzhong Science & Technology (Tianjin) Co., Ltd, was successfully listed on the main board of the Shanghai Stock Exchange, becoming the first batch of listed companies on the main board after the registration system reform.
At 9:30 a.m., the gong-ringing ceremony officially began. As the leaders of Shanghai Municipal Government and the Shanghai Stock Exchange ring the gong, the crisp sound of the gong resounded throughout the entire Shanghai Stock Exchange hall, marking the successful listing of ZZ on the main board of the Shanghai Stock Exchange and the start of a new journey in the A-share market.
Stock abbreviation: Zhongzhong Technology; stock code: 603135; issue price CNY17.8 per share; opening price: CNY25.93 per share; closing price on the same day CNY28.48 per share, an increase of 60%. ZZ has entered a new milestone in strengthening the company's R&D and operational strength.
Chairwoman Ma Bingbing delivered the speech:
First of all, congratulations on the successful listing of ZZ on the main board of the Shanghai Stock Exchange. At the same time, I would like to express my sincere gratitude to the Tianjin Municipal Government and the District Government, the Jinhu County Party Committee and Government, respected customers, expert teams, intermediary agencies, friends from all fields and ZZ employees for their long-term support and concern for the development of ZZ.
Chairman Ma Bingbing said that ZZ has been determined to follow the path of technological innovation and development since its inception. In the past 20 years of entrepreneurship, it has completed several technical breakthroughs and mastered the core technologies in key areas. Continuously innovative products and technical services have created extremely high economic value and industry core competitiveness for customers.
After being listed, the company platform has been injected with capital to enhance and strengthen the company's competitiveness, but the core of ZZ is still to maintain the ability to continuously innovate, the attitude of learning from better people, the spirit of hard work and down-to-earth, and the mission of making ZZ people happier. Only by doing so unswervingly can ZZ prosper and give back to society and investors.
The Founder Ms. Gu Fenglan, in her speech, expressed her gratitude to the participants with five "thanks". She said emotionally: "Thanks to the great era, reform and opening up have given fair opportunities to those who strive! Thanks to the national and local governments for their support! Thanks to the leaders at all levels for their strong support for the development of private enterprises! Thanks to our partners for their mutual understanding, mutual assistance and mutual trust along the way! Thanks to people from all walks of life and employees for their great help"!
ZZ has been deeply involved in the high-end equipment manufacturing industry for more than 20 years. It is a leading enterprise in Chinese special metallurgical equipment and currently has three R&D and manufacturing bases. It is committed to the research and development, process and equipment design, production and manufacturing, technical services and sales of intelligent equipment and production lines. The main products include the complete equipment for the mechanical devices, electrical system, hydraulic system for the automatic production line of hot section mill, hot strip mill, hot wire & bar mill, hot medium thick plate mill, etc. as well as the relevant spare parts. ZZ has ranked first in the domestic market share of steel equipment for three consecutive years. It has established long-term and stable product and service relationships with many domestic leading steel companies such as the top 100 steel companies in the world, and has won wide recognition and praise. In 2021, ZZ took the lead in undertaking the "High-performance Super-large Hot Rolling H-Beam Forming Technology" project, which is a key research and development plan of the 14th Five-Year Plan. The project has seized the commanding heights of international innovation. The implementation of the project will fill the world's gap in super-large H-beam production equipment and processes, and produce new types of structural steel required in the construction of new infrastructure such as steel structure bridges, green steel structure buildings, billion-ton port terminals, and urban rail transit.
The funds raised by ZZ in this IPO will be mainly used for the construction of the intelligent equipment production base of Zhongzhong Science & Technology (Jiangsu) Co., Ltd. and the project of producing three metallurgical intelligent automation production lines per year. The company will take advantage of the complete supporting industrial chain in Jiangsu Province to expand the manufacturing capacity of basic parts such as hydraulic cylinders. After the completion of the project, it will help the company to strengthen its main business, extend the industrial chain, improve its overall technical level and capabilities, and lay a solid foundation for long-term development.
The company will take the listing on the Shanghai Stock Exchange Main Board as a new starting point and a new opportunity and make use of the capital market to become better and stronger. After entering the capital market, ZZ will redouble its efforts to present itself with a new look, make new achievement with a vigorous and passionate attitude, and return investors, society, and the country with excellent performance.
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