On June 5, Zhongce Rubber Group Co., Ltd. (stock abbreviation "Zhongce Rubber", stock code: 603049) was officially listed on the main board of the Shanghai Stock Exchange, becoming the largest IPO (initial public offering) in the A-share market this year.
Zhongce Rubber Group Co., Ltd. (hereinafter referred to as "Zhongce Rubber") issued 87.44 million new shares for the initial public offering, with an issue price of 46.5 yuan per share, and the net amount of funds raised was approximately 4.06 billion yuan. The funds raised this time will be mainly used for construction projects in Qiantang District, such as the high-performance radial tire green 5G digital factory project, the annual output of 2.5 million sets of all-steel radial load tire production line project, as well as construction projects in Jiande, Tianjin and Thailand.
As the most "old" manufacturing enterprise in Qiantang, Zhongce Rubber was the predecessor of Hangzhou Haichao Rubber Factory established in 1958. It is currently a large tire enterprise integrating tire research and development, production, sales and automotive aftermarket services. It has well-known brands such as Chaoyang, Weishi, Haoyun, Quannuo, Yadu, and ARISUN. It has 6 major R&D centers and 12 manufacturing bases around the world.
Zhongce Rubber has always adhered to scientific and technological innovation, with an average annual R&D investment of more than 1.3 billion yuan. It has taken the lead in establishing an industry-level industrial Internet platform, creating a new speed of "Zhejiang Intelligent Manufacturing" with one tire offline every 6 seconds. At the same time, it has deeply deployed overseas emerging markets such as Indonesia, Mexico, and Thailand, and actively practiced to "go global". Currently, the products are sold to 160 countries and regions, with overseas revenue accounting for more than 48%.
On the road of industrial development, Zhongce Rubber has carefully cultivated and ranked first in mainland China for 16 consecutive years, ranked first in the top 500 manufacturing enterprises in China for 14 consecutive years, and ranked among the top 10 tire companies in the world for 12 consecutive years, setting off the brightest "China business card" in the tire industry.
In recent years, Qiantang has focused on the opportunities of deepening reform of the capital market, and has always regarded promoting the listing of high-quality enterprises as an important measure to strengthen financial innovation, cultivate leading enterprises, and promote the transformation of momentum. It has innovatively built a value-added service system of "incubation, cultivation, growth, and listing" throughout the entire life cycle of enterprises. It has linked exchanges, Zhejiang Stock Exchange, securities companies and other institutions to provide targeted and precise accompanying guidance and cultivation services for listed companies, and has promoted the successful listing of 22 high-quality enterprises, achieving nearly 35 billion yuan in capital market financing, forming a virtuous cycle of "enterprise-capital-industry".
At present, Qiantang is continuing to cultivate and cultivate fertile industrial soil, and strive to create a multi-level and sustainable "geese formation" for listing. There are more than 40 key listed companies, injecting continuous capital momentum into the high-quality development of the regional economy.
Next, Qiantang will take Zhongce Rubber's listing as a new starting point, anchor the positioning of "global advanced manufacturing base master platform", continue to deepen the full-cycle service system of "incubation-cultivation-growth-listing", smooth the "technology-industry-financial" cycle, let more "Qiantang intelligent manufacturing" go to a larger stage, and build a solid industrial foundation for Qiantang's high-quality development.
