Recently, the auto parts manufacturing enterprise Sling shares, micro-channel continuous reaction technology research and development manufacturer Wande shares were listed on the Shenzhen Stock Exchange GEM and Beijing Stock Exchange respectively. Among them, the funds raised by the automotive parts manufacturer, Sling, are planned to be used for the annual output of 6.29 million sets of high-end automotive bearings technology transformation and production expansion project, and Sling's technology research and development centre upgrading project. This will be conducive to improving the company's production efficiency and production capacity, which will be conducive to the company to better provide customers with various types of products and enhance the company's market competitiveness.

In addition to the listing of these two enterprises, there are three other enterprises ringing the bell for listing this week, including Centec Telecom, the head enterprise of domestic Ethernet switching chips, Heatwell, a developer of electric heating components and assemblies, and Forsythe Technology, a developer and manufacturer of automotive interior parts, which landed on the SSE and the SZSE, respectively. Details of the listed companies are as follows:

Silin shares  Shenzhen Stock Exchange

On 15 September, a professional production of automotive bearings, automotive parts manufacturing enterprises, Zhejiang Slings Automotive Bearing Co. The total amount of funds raised from this public offering is RMB 103,290.00 (1.033 billion yuan), which is planned to be used for the annual production capacity of 6.29 million sets of high-end automotive bearings technology transformation and production expansion project, Sling shares of the technology research and development centre upgrading project, and supplementary working capital.

According to the prospectus, the main business of Silin shares is the research and development, manufacturing and sales of automotive bearings, the main products can be divided into four series of wheel bearing units, wheel bearings, clutches, tensioner and idler bearings and tapered bearings, etc. In the year of 2020, the company's sales of wheel bearing units ranked among the top three of the same kind of enterprises in China.

Wande Stocks Beijing  Stock Exchange

On 15 September, Xi'an Wande Energy Chemical Co., Ltd (Wande, stock code: 836419), a company focusing on the research and development of microchannel continuous reaction technology and its industrial application, was listed on the Beijing Stock Exchange (BSE). Wande raised about 179 million yuan for the construction project of intelligent manufacturing industrial park (base), supplementing working capital.

Wande's net profit in the first half of this year increased 24 per cent year-on-year to 24.32 million yuan. The company mainly produces and sells oil additives, petroleum refining agents, oilfield chemicals and other fine chemicals, and its products serve the fields of oil blending, petroleum refining and oilfield extraction. Due to the high market share of domestic large-scale oil producers, Wonder's customer resources are more concentrated, mainly including various oil extraction and refineries under PetroChina and Sinopec and other oil additives intermediaries, with the sales market covering all over the country.

Shengke Communication  Shanghai Stock Exchange

On 14th September, the domestic Ethernet switching chip head enterprise Suzhou Centec Communications Co., Ltd (abbreviation: Centec Communications, stock code 688702) officially gong landed on the Shanghai Stock Exchange Science and Technology Board, adding a new force for the construction of domestic digital network. Prospectus shows that Centec Telecom intends to raise funds of 100,000.00 million yuan, which will be used for the new generation of network switching chip R & D and mass production projects, routing and switching convergence network chip R & D projects, and supplementary working capital.

Centec's main business is the research, development, design and sales of Ethernet switching chips and supporting products. After more than 10 years of technology accumulation, the company has now formed a rich sequence of Ethernet switching chip products, covering Ethernet switching products from the access layer to the core layer, providing rich chip solutions and strong guarantee for the construction of China's digital network.

Heatwave shares   Shanghai Stock Exchange

On the morning of 11 September, a professional engaged in the research and development of electric heating elements and components, production and manufacturing Hangzhou Heat Power Electric Heating Technology Co. The funds to be raised by the IPO is mainly used for the annual output of 40 million pieces of electric heating element production line expansion project, Hangzhou heat Wei Auto Parts Co., Ltd. annual output of 5 million units of new energy automobile heating management system heater project, and technology research and development centre upgrading project.

As an enterprise listed on the main board in the field of electric heating, the successful listing of Hotway will help the enterprise to grasp the opportunities of industry development, broaden the downstream application fields, enhance the core competitiveness, and consolidate its position in the field of international electric heating, and at the same time, it will also apply its products more in the field of new energy automobile heat management system, air source heat pump, semiconductor equipment, energy storage equipment and other fields in line with the guidance of the national industrial policy.

Forsythe Technology  Shenzhen Stock Exchange

On 11th September, Wuhu Fusai Technology Co., Ltd (Fusai Technology, stock code 301529), a manufacturer engaged in the research, development and production of automotive interior parts, was listed on the Growth Enterprise Market of Shenzhen Stock Exchange.

Prospectus shows that the proceeds will be invested in the annual output of 4 million sets of automotive functional parts project (a) and supplementary working capital, which will help increase the company's automation, intelligent production equipment, improve the company's production efficiency and production capacity, for the company to continue to develop the market, and to expand the scale of business to lay the foundation.

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