Chenzhou Hengwei Electronics Co., Ltd. Launches the Listing Plan to Rush to Beijing Stock Exchange

On December 27, Chenzhou Hengwei Electronics Co., Ltd. held a ceremony to launch the listing plan of "listing on the New Third Board and sprinting to the Beijing Stock Exchange". It planned to complete listing on the New Third Board by the end of 2022, turn to the innovation level in 2023, and complete listing on the Beijing Stock Exchange by July 2024.

Chenzhou Hengwei Electronics Co., Ltd. is a leading enterprise in the photoelectric display industry of Yizhang County. Settled in Yizhang in 2003, it is committed to the design, development, production and sales of LCD products. The products are widely used in the fields of instruments, financial communications, household appliances, e-commerce, electronic digital, industrial control, vehicle mounted systems, etc. The design and production capacity is 1 million pairs of LCD flat panel displays per year. It is the supplier of Midea, Gree, Galanz and other Fortune 500 enterprises. In 2014, it became the first "high-tech enterprise" in Yizhang Park. In 2021, it was recognized as a national "specialized, special and new" small giant enterprise. There are 10 "computer software copyright" certificates, and 22 "utility model patents" certificates. In 2021, the sales volume will be 250 million yuan and the taxes will be 11 million yuan.

Xu Xinggang, General Manager of the Equity Department of Hunan Caixin Securities Co., Ltd., said: "Supporting the innovative development of small and medium-sized enterprises is an important decision and deployment of the central government. As a national specialized, new and high-tech enterprise, as well as an excellent local enterprise in Hunan, Chenzhou Hengwei Electronics Co., Ltd. fully meets the listing positioning requirements of the Beijing Stock Exchange. We attach great importance to the listing plan of Hengwei Electronics, send professional and capable teams, work with the company and other intermediaries, and strive to achieve the common goal of Hengwei Electronics landing in the capital market Target. "

Jiang Hengliang, chairman of Chenzhou Hengwei Electronics Co., Ltd., introduced that the company will actively standardize the company's management system, increase research and development investment, flexibly adopt equity incentives and other forms to further grow bigger and stronger relying on the launch of the listing plan. After the successful listing of the company, it is expected to achieve a revenue of 1 billion yuan in 2025, a blueprint of 3 billion yuan in 2030, and ultimately achieve the ambitious goal of more than 5000 jobs and more than 100 million yuan in tax payment.