Anhui Wanyi Science and Technology Co Ltd is listed on the Shanghai Stock Exchange's sci-tech innovation board on July 3. [Photo/WeChat account: hefeigaoxinfabu]

The Anhui Wanyi Science and Technology Co Ltd, a global provider of analytical instruments, was listed on the science and technology innovation board of the Shanghai Stock Exchange on July 3.

It is the first company in Anhui province to be listed on the board, which is also known as China's Nasdaq-style STAR Market for technology companies.

The company publicly issued 33.34 million shares at a price of 15.50 yuan ($2.21) per share. The total amount of funds raised from new shares was 51.677 million yuan and the total share capital was 133.34 million after the issuance.

According to company leaders, the company will strive to develop more competitive analytical instruments in the international market by integrating world-class manufacturing resources and purchasing high-quality components in China and from abroad.

The company was established in the Hefei National High-tech Industry Development Zone in 2003 and its instruments are applied in areas such as environmental protection, electric power, and vehicle manufacturing.

In 2019, the company recoded 409 million yuan in revenue, 74.32 million yuan in total profits, and 501 million yuan in total assets. Its main revenue came from its environmental monitoring instruments.

With an emphasis on R&D, the company boasts both a postdoctoral and an academician workstation. It is dedicated to developing high-quality and high-tech products and has grown into a leading provider of environmental instruments in China.

Zang Mu, founder of the company, thanked the government of the zone where it is located for their support throughout years of its development and during the listing process. He said that the zone has rolled out a series of favorable policies for emerging technology companies and has awarded the company for its intellectual property and high-end talent.

Song Daojun, a zone official, said that the zone is home to the most high-tech companies in Anhui province, and the zone government has been striving to help such promising companies get listed.

The Anhui Wanyi Science and Technology Co Ltd, located in the Hefei National High-tech Industry Development Zone. [Photo/WeChat account: hefeigaoxinfabu]

Environmental monitoring products produced by Anhui Wanyi Science and Technology Co Ltd [Photo/WeChat account: hefeigaoxinfabu]