Representatives of the local government and Anhui Ronds Science and Technology Incorporated Company ring the bell to celebrate the company's listing on the Shanghai Stock Exchange on July 26. [Photo/WeChat account: hefeigaoxinfabu]

Anhui Ronds Science and Technology Incorporated Company was listed on the Nasdaq-styled STAR Market, or the Science and Technology Innovation Board of the Shanghai Stock Exchange, on July 26.

The company issued 13.72 million shares and is expected to raise more than 25 million yuan ($3.84 million). After the issuance, the total share capital of the company reached about 54.87 million shares.

It is the seventh STAR Market-listed company in Hefei National High-tech Industry Development Zone, which is located in Hefei, capital of East China's Anhui province. The zone has incubated 32 listed companies so far.

The company is a professional integrated solution provider for the intelligent operation and maintenance of industrial equipment. Its main products are industrial equipment condition monitoring and fault diagnosis systems, which have been widely used in the wind power, petrochemical, as well as metallurgical industries.

After years of development, the company boasts 56 patents, including 42 invention patents. It is striving to make innovations in self-made core components, data collection and analysis, intelligent algorithm models, smart diagnostic platforms, as well as smart equipment management.