Sijin Intelligent Forming Machinery Co Ltd debuts at Shenzhen Stock Exchange on Dec 11. [Photo/cnnb.com.cn]

The number of listed companies in Ningbo, East China's Zhejiang province has climbed to 112 with the new addition of Sijin Intelligent Forming Machinery Co Ltd, which debuted at the Shenzhen Stock Exchange's SME (small and medium-sized enterprises) Board on Dec 11.

The company is the 13th A-shared listed company from Ningbo this year, bringing the total number of A-shared companies in the city to 93.

Sijin Intelligent Forming Machinery is mainly engaged in the R&D, manufacture and sales of cold forming machines and die-casting machines.

At present, the company has 81 patents, including 24 invention patents.

From 2017 to 2019, the company's revenue rose from 297.29 million yuan ($45.74 million) to 326.33 million yuan, while its net profits expanded from 51.34 million yuan to 80.63 million yuan.

In the first quarter of this year, its operating revenue reached 280 million yuan, representing a yearly growth of 19.6 percent.

Through the initial public offering, the company raised a total of 379 million yuan, which would be used to expand its production capacity and market share.

There are currently another 44 enterprises in Ningbo preparing for their IPOs.