On January 26, Changzhou Zhongying Science & Technology Co., Ltd. (SZSE: 300936) went public on the Growth Enterprise Market of Shenzhen Stock Exchange, with an offering of 18.8 million shares, raising 571 million yuan for the company.

Yang Fen, vice mayor of Changzhou Municipal People’s Government, and Yu Weizhong, president of Zhongying Science & Technology, rang the opening bell together.

The Shenzhen Stock Exchange (SZSE) launched a long-planned small-cap exchange known as the Growth Enterprise Market (GEM) and also as ChiNext, which debuted in 2009 to such enthusiasm that trading was briefly suspended on its opening day.

Changzhou Zhongying Science & Technology Co., Ltd. was founded on March 28, 2006 and is headquartered in Changzhou. The company engages in the research, development, production and sales of high-frequency PCB materials required for the construction of 5G and 4G base stations, and for technological upgrades such as unmanned millimeter-wave radar and high-precision satellite navigation. It is the 73rd Changzhou-based enterprise listed on the stock exchanges.

Zhongying Science & Technology is planning to use the fund raised through initial public offering (IPO) to build its new production and R&D center for high-frequency PCB materials such as PTFE copper clad laminate. The 300,000-square-meter facility is expected to enhance the company’s R&D and production capacity, and to increase its market share.

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