Zhangjiagang Zhonghuan Hailu Advanced Equipment Co is listed on the Shenzhen Stock Exchange's board of growth enterprises on Aug 3, becoming the fifth newly listed company in Zhangjiagang this year. [Photo/WeChat account: zhangjiagangfabu365]

Zhangjiagang Zhonghuan Hailu Advanced Equipment Co, an industrial metal forgings company, was listed on the Shenzhen Stock Exchange's board of growth enterprises on Aug 3, becoming the fifth newly listed company in Zhangjiagang this year.

Trading under the abbreviation of "Zhonghuan Hailu" and the stock code 301040, the issue price was 13.57 yuan ($0.75) per share.

Founded in 2000, the company is a high-tech company with independent R&D and innovation capabilities. It also has proven its abilities to undertake various business modes, such as cross-industry, multiple specifications, as well as large, medium and small batches.

It is specializing in the research and development, production, as well as sales of industrial metal forgings, which are mainly applied in fields like wind power, construction machinery, mining machinery, nuclear power, shipbuilding, electricity, and petrochemicals.

Zhonghuan Hailu has been developing under the concept of "leading by science and innovation, driven by intelligence, green development, high quality and efficiency" for more than 20 years, said Pan Guoqiang, Party secretary of Zhangjiagang, adding that the company has won the National Science and Technology Progress Award.

The previous four market-listed companies from Zhangjiagang this year were Jiangsu Feymer Technology Co, Jiangsu Boiln Plastic Industry Co, Hyzon Motors, and Jiangsu Libert Inc Co.