Jiangsu Huachen Transformer Co., Ltd. held an IPO ceremony to celebrate the successful listing on the main board of Shanghai Stock Exchange on May 12, 2022.

Jiangsu Huachen Transformer Co., Ltd. issued 40 million shares this time, the issue price was 8.53 yuan, the issue price-earnings ratio was 22.97 times, and the total share capital after the issuance was 160 million shares. By the end of 2021, the company's total assets are 846,589,300 yuan, and in 2021, it will realize operating income of 871,050,800 yuan and net profit of 78,416,600 yuan.

General manager Mr. Zhang said: Jiangsu Huachen abides by its original aspiration and remains faithful to the end, contributing to the development of green power high-end manufacturing and forging a sustainable development path.  The successful listing is an important leap forward in the development history of Jiangsu Huachen, a new historical opportunity, but also a responsibility.  In the future, we will be based on the new starting point, climb new peak, continue to optimize products, constantly improve technological innovation research and development capacity and production management level, accelerate the transformation to a modern intelligent manufacturing enterprise.  

 In future,Jiangsu Huachen will take this landing in the capital market as an opportunity, firmly grasp this opportunity, further forge ahead, and strive towards the vision of a high-efficiency energy-saving electrical manufacturer and a technical application solution provider. We will live up to our mission, take on the social responsibility of a public enterprise, and build Jiangsu Huachen into an excellent listed company with sustainable growth capability.