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Hefei high-tech zone sees group listed on Beijing market

Updated: 2022-12-23

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(chinadaily.com.cn)

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Hefei Gaoco Science & Technology Co Ltd - based in the Hefei National High-tech Industry Development Zone in Hefei city, in East China's Anhui province - held a public offering of its stocks, which were listed on the Beijing Stock Exchange or BSE on Dec 22.

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Hefei Gaoco Science & Technology Co Ltd goes public on Dec 22. [Photo/WeChat ID: hefeigaoxinfabu]

The enterprise became the first company listed on the BSE from the Hefei high-tech zone and the first stock on that market from Anhui province's appliance parts sector.

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Excited company representatives ring the bell at the Beijing Stock Exchange. [Photo/WeChat ID: hefeigaoxinfabu]

Founded in 2009, Hefei Gaoco is a metal structure parts supplier. It specializes in the development, production and sales of special accessories and molds for household appliances and its products are mainly used in the field of household appliances manufacturing.

It has established long-term contracts with well-known home appliance manufacturers, including the Haier Group and Hisense.

It's also been recognized as a "little giant" company, which refers to the elite of China's SMEs that specialize in a niche market, boast cutting-edge technologies and show great potential.

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The Hefei National High-tech Industry Development Zone is also known as the China Speech Valley and Quantum Center. [Photo/xuexi.cn]

To date, the Hefei high-tech zone has cultivated 36 listed companies and four more enterprises are currently under review for a listing.

Plans are afoot for the area to continue to streamline its business environment to help more businesses to go public.