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Huashuo Technology restarts its listing and continues to deploy aluminum alloy precision die-casting
- China Aluminium Network
- Post Time: 2022/11/24
- Click Amount: 818
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【Aluminum Road Network】
Huashuo Technology, which sprinted to the main board of the Shanghai Stock Exchange five years ago, restarted its listing. On November 21, Huashuo Technology’s IPO counseling filing was accepted, and the counseling agency was Haitong Securities.
Huashuo Technology is a high-tech enterprise integrating R&D and manufacturing of core components for new energy vehicles. The company is headquartered in Ningbo City, Zhejiang Province, covering a total area of ??153 acres, with a total construction area of ??over 150,000 square meters. The company currently has more than 1,800 employees. The company has offices in Detroit and Munich, and the Hungarian factory is under construction. .
The main equipment of Huashuo Technology adopts international brands, including more than 90 sets of die-casting units ranging from 350 tons to 4400 tons, more than 30 sets of automatic processing lines, more than 500 sets of precision processing equipment, and a full set of automatic cleaning, powder coating, anodizing, test Pressure leak testing, friction stir welding, and assembly lines.
Huashuo Technology continues to invest in research and development funds. In the past three years, the cumulative investment in research and development has exceeded 100 million yuan, and it has developed key components of the water-cooled drive motor system for new energy vehicles; it has ranked first in the domestic market share of aluminum alloy motor housings for new energy vehicles for three consecutive years position.
As early as September 2017, Huashuo Technology disclosed the prospectus for the first time, planning to sprint to the main board of the Shanghai Stock Exchange. According to the prospectus of that year, Huashuo Technology planned to publicly issue no more than 25 million shares on the Shanghai Stock Exchange. However, after updating the prospectus in 2018, the review of Huashuo Technology's IPO application was terminated.
Huashuo Technology planned to raise 425 million yuan in its IPO that year, which will be used for the processing of high-precision parts and lightweight aluminum-magnesium alloys for automobile engines. Source:
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