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Zhejiang Ronnie Precision Machine Now on Beijing Stock Exchange
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2022-06-22
Zhejiang Ronnie made it to Beijing Stock Exchange on June 9, 2022. The company issued 3,790 shares starting from a floor price of RMB 3.21 per share, raising a total of around RMB 122 million.
The company was founded in 2002, focusing on developing, manufacturing and selling precision metal parts including precision fasteners, connectors and structural parts supplied to downstream application industries including electronic products, automobile, telecommunications and power equipment. It has 90 patents.
Embedded nuts for notebooks which are the company's main product takes up over 40% of the world's market share. The income in 2020 grew 28.07% from 2019, and in 2021 it grew another 45.06% from 2020. The company has extended from electronic products to the automotive, telecommunication and medical industries to lift profitability. The funds raised in this IPO are mostly used to invest in building a smart precision parts factory that can produce 300 million parts per year, as well as building an R&D center and refilling circulating capital.
浙江
榮億精密
北交所
上市
Zhejiang
Ronnie Precision Machine
Beijing Stock Exchange
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