Jiangsu Zhongjie Precision Technology Co., Ltd. issued an announcement that the company will be listed on the Growth Enterprise Market of the Shenzhen Stock Exchange today (September 29). The stock abbreviation is Zhongjie Precision and the stock code is 301072. The public issuance of 26,263,700 shares with a total capital of 196 million yuan will be used for the intelligent production line base of high-strength auto parts, Haoxin Auto Parts Manufacturing Wuxi Co., Ltd., lightweight auto parts automated production, and Jiangsu Zhongjie Jinggong Technology Co., Ltd. R&D center construction and other projects.
Zhongjie Precision was established in 1988, and its main business is the research and development, production and sales of automotive precision parts. The company’s main products are automotive shock-absorbing parts, and mainly provide product services for domestic and foreign new energy automobile companies and automakers. The company currently masters and uses a variety of production processes to organize production and manufacturing, including die-casting, stamping, welding, injection molding, aluminum extrusion, metalworking, coating, etc.
The 2021 semi-annual report shows that the main business of Zhongjie Precision is stamping parts, die-casting parts, metalworking parts, other, and injection parts, accounting for 44.84%, 26.14%, 12.79%, 10.36%, respectively. 5.27%.