On January 19th,2023 Xinlei Compressor Co,.Ltd was officially listed on the GEM of the Shenzhen Stock Exchange, with the stock name: Xinlei ,Stock Code: 301317.
On January 18th, Xinlei held a code launch ceremony. At the ceremony,MR.Zhu Jianjun, Standing Committee Member of Taizhou Municipal Party Committee and Secretary of Wending Municipal Party Committee,expressed congratulations and expectations for the successful landing of Xinlei on the ChiNext Board of Shenzhen Stock Exchange.
Secretary Zhu said:” It is hoped that Xinlei will take the stock listing as a new starting point,rely on the capital market,further optimize the product structure ,improve the management level,promote industrial upgrading,and become a high-quality listed company and industry benchmark company with outstanding performance and rich investment returns.
At the same time, Mr. Feng Yidong, General Manager of Zhongtai Securities Co., Ltd., Mr. Li Jiang, President of China Refrigeration and Air-Conditioning Industry Association, and Mr. Liu Jianbo, Chairman of Kunshan Dongwei Technology Co., Ltd. Industry association representatives and customer representatives to the identity of the successful landing of Xin Lei capital market warm congratulations!
On the first day of the listing, Mr. Ma Licai, deputy secretary of Wenling Municipal Committee and mayor, attended the listing ceremony of Xinlei and delivered a speech.
Mayor Ma said in his speech, "As an excellent representative of private enterprises in Wenling, Xinlei are the leader in the air compressor industry. It is hoped that Xinlei will take the listing as an opportunity, adhere to technological innovation, institutional innovation, and management innovation, continuously improve the company's development level, strive to achieve sustained and steady development, return the majority of investors with more excellent performance, and become a bright pearl in the capital market as soon as possible!"
Subsequently, Mr. Feng Yidong, General Manager of Zhongtai Securities Co., Ltd., and Mr. Zhong Renzhi, Chairman of Xinlei , delivered speeches respectively.
With the listing bell ringing, Xinlei opened at 23 yuan/ share, an increase of 11.27%, Xinlei opened a new journey of development!
After years of development, Xinlei has become an enterprise with strong competitiveness in the field of air power equipment in terms of technological innovation, product types, quality control and customer service.
The company has been rated as a high-tech enterprise, the Ministry of Industry and information Technology specializing in the new "little giant" enterprise, The first batch of domestic and foreign trade integration "leader" cultivation enterprises in Zhejiang Province, carbon neutral 5A certification enterprises, the company's products are sold to more than 100 countries and regions in the world with technology, performance and brand advantages, and have established cooperative relations with a number of well-known enterprises at home and abroad.
After many years of deep cultivation, Xinlei have a certain market share, and in 2019, the main business income of Xinlei ranked sixth among the main power air compressor manufacturers, and the export business ranked second; In 2020, Xinlei's export business ranked third in the export volume of major power air compressor manufacturers; One of the main domestic air compressor production and export enterprises.
Xin Lei the funds raised will be mainly used to add an annual output of 30000 units of screw air compressor technical improvement projects, an annual output of 800 thousand units of small air compressor technical improvement projects, an annual output of 2200 units of centrifugal blower projects and supplementary liquidity.
Xinlei will also be based on the domestic, facing the world to build a world-class air power equipment production and service enterprises. With the smooth implementation of the fund-raising investment project, it will comprehensively enhance the company's production capacity, improve the market share and brand awareness at home and abroad, and help the company to become a strong comprehensive competitive strength of the air power equipment manufacturers.
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