CSRC Approves IPO of JD Capital-invested Haozhi Electromechanical
The China Securities Regulatory Commission (CSRC) announced on June 19 that the application for the Initial Public Offering (IPO) of Guangzhou Haozhi Electromechanical Co., Ltd. (hereinafter referred to as Haozhi Electromechanical), a JD Capital-invested company, was approved. The company would be listed on the Shenzhen Stock Exchange (SSE) soon.
Established in 2006, Haozhi Electromechanical is an environment-oriented high-tech enterprise specializing in the R&D, manufacture, sales and maintenance of high-precision motor spindles and spare parts. Now, Haozi has formed a business system, with “taking medium and high-end motor spindle products as the core business, motor spindle spare parts as supporting, and auxiliary maintenance service as distinctive features”, thus putting in place a complete business chain of “complete machine— spare parts—services” of motor spindles.
In recent years, consumer electronics industry develops rapidly, with innovative products as smart phones, tablet computers, Ultrabooks and wearable devices emerging in an endless stream. The market is expanding continuously, and the material, structure and technology of related spare parts are changed constantly. The application of capacitive touch screen in consumer electronics goes viral around the world, and the penetration rate of metal outer and structural parts increases gradually, providing opportunity of explosion growth to the upstream industry of CNC engraving and milling machine and its key functional parts. Against this background, Haozhi accelerated its development and has taken the leading position in the domestic market of medium and high-end motor spindle products. The company now has several hundred sets of advanced production equipment and instruments, imported from the UK, the US, and Switzerland, etc. or manufactured in Taiwan and Shanghai. With nearly 300 invention patents and utility model patents, it boasts an annual production capacity of more than 40,000 motor spindles and owns gained .
JD Capital became Haozhi’s shareholder in 2011, holding 10% stake before the public offering. So far, another seven JD Capital-invested companies have been listed on the A-share market.