Representatives from Jiangsu Caiqin Technology Co Ltd take a photo after striking the gong at the Shanghai Stock Exchange on Nov 16. [Photo/WeChat account: zhangjiagangfabu365]

Jiangsu Caiqin Technology Co Ltd was listed on the STAR Market of the Shanghai Stock Exchange on Nov 16, becoming the seventh company in Zhangjiagang, Jiangsu province to go public this year.

The company began trading at 10.5 yuan ($1.64) per share under the stock code 688182.

Established in 2004, Caiqin Technology is a high-tech enterprise specializing in the research and development, production and sales of microwave dielectric ceramic components.

Its products are widely used in mobile communications, radar and radio frequency circuits, satellite communication navigation and positioning, and in the aerospace and science and technology industries.

Zhu Tianzhong, chairman of Caiqin Technology, said that the company would ramp up efforts to explore new electronic ceramics materials and focus on solving the technological difficulties that limit the development of the industry.