Zhuzhou CRRC Times Electric Co., Ltd. was officially listed on the A-share Science and Technology Innovation Board on the 7th. Photo courtesy of Times Electric
Chinanews, Changsha, September 7 (Jiang Yangmin) Zhuzhou CRRC Times Electric Co., Ltd. (hereinafter referred to as "Times Electric") in Hunan, was officially listed on the A-share Sci-tech Innovation Board on the 7th Going public, the public offering of shares of 240.76 million shares, the issue price of 31.38 yuan per share, the total amount of funds raised reached 7.55 billion yuan, is the largest A-share IPO company in the history of Hunan Province.
Times Electric is a leading traction converter system supplier in China's rail transit industry. It produces traction converter systems covering a variety of vehicles in the locomotive, EMU, and urban rail fields, and has been in the domestic urban rail traction converter system market for many years. The first one. The company's full range of high-reliability IGBT products have broken the monopoly of core components of rail transit and UHV transmission projects by foreign companies, and is currently solving the problem of autonomy of core components of China's new energy vehicles.
By cultivating the field of rail transit traction converter system and strengthening independent technology research and development, Times Electric currently has a complete independent intellectual property system. As of the end of 2020, Times Electric has obtained a total of 2,810 patents at home and abroad, and has presided over and participated in the formulation of 33 international standards and 96 domestic standards (including national standards, industry standards and group standards).
On December 20, 2006, Times Electric was officially listed for trading on the main board of the Hong Kong Stock Exchange, becoming the first company in the field of rail transit in China to be listed in Hong Kong. Thanks to the continuous and stable industrial operation, Times Electric has achieved a "double harvest" of performance and capital. This time, Times Electric was listed on the A-share sci-tech innovation board and completed the "A+H" two-location layout.
It is reported that Times Electric’s funds raised this time will be used in the company’s main business. Through the rapid improvement of R&D and production capacity, it will continuously improve the efficiency of scientific and technological achievements transformation, and continue to strengthen the company’s technical advantages in the field of rail transit and new industries. Product advantages. (End)
Source: China News Network
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