On June 5, Zhongce Rubber Group Co., Ltd. (ZC Rubber) was successfully listed on the Shanghai Stock Exchange (stock code 603049). The number of shares issued in the initial public offering was 87.4486 million shares, the issue price was 46.50 yuan per share, the net amount of funds raised was approximately 4.06 billion yuan, and the total market value exceeded 45 billion yuan as of the morning opening. The funds raised this time will be mainly used for construction projects in Qiantang District, such as the high-performance radial tire green 5G digital factory project and the annual production of 2.5 million sets of all-steel radial truck tire production line project, as well as construction projects in Jiande, Tianjin and Thailand.
This listing marks the company's entry into a new stage of development in the capital market and a milestone in the development history of ZC Rubber, injecting new impetus into the realization of the company's beautiful blueprint.
Since the establishment of ZC Rubber, generation after generation of Zhongce people have been deeply engaged in the tire industry, braved the wind and rain, and braved the waves to achieve growth from small to large, from weak to strong, and finally became the leader of China's tire industry. Since the beginning of the 21st century, under the leadership of Shen Jinrong, the group's party secretary, chairman, and general manager, ZC Rubber has been dedicated and focused on making a world-famous tire that belongs to the Chinese people. In the Chinese tire industry, it took the lead in digital transformation of traditional industries, took the lead in research on semi-steel radial tires, and seized market opportunities, making Zhongce tires cover more than 190 countries and regions around the world.
ZC Rubber will also take this as an opportunity to adhere to the strategy of strengthening the company through science and technology and talent, continue to increase its efforts in scientific and technological innovation, accelerate the formation of new quality productivity with Zhongce recognition, and continuously expand its high-end product matrix. Adhere to the international development path, strengthen and expand national tire brands, further enhance corporate competitiveness and global market share, further unleash growth potential, continuously improve corporate profitability, create long-term value for investors, provide a broader stage for the growth and development of employees, and contribute to the high-quality development of the industry.
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