Representatives from Zhangjiagang Haiguo New Energy Equipment Manufacturing Co Ltd pose for a photo after announcing the company's listing on the Shenzhen Stock Exchange on Sept 24. [Photo/WeChat account: zhangjiagangfabu365]

Zhangjiagang Haiguo New Energy Equipment Manufacturing Co Ltd rang the opening bell on the ChiNext of the Shenzhen Stock Exchange on Sept 24, becoming the sixth listed company in Zhangjiagang, Jiangsu province this year.

The company (stock code is 301063) began trading at an issue price of 17.4 yuan ($2.69) per share.

Based in Nanfeng town, Haiguo was founded in 2001 and is engaged in the research and development, production and sales of forgings for large and medium-sized equipment. Its products are mainly used in oil and gas exploitation, wind power generation, and mechanical equipment manufacturing.

The company has a good reputation in the international forging market and is one of the few Chinese companies that can serve both the world's well-known large-scale oil and gas equipment manufacturers and wind power equipment manufacturers.

The successful flotation marks a milestone in the company's development and will encourage more local companies to go public.