Yesterday, Jiusheng Electric Co.,Ltd (Stock Code: 301082) went public on Shenzhen Stock Exchange, becoming the 5th newly listed company in Huzhou City this year. As of now, the city owns up to 44 listed companies.

Founded in May, 2004, Jiusheng Electric Co,.Ltd is a high-tech company specializing in the R & D, production, sales and service of special fire-proof cable and power cable.  Honored as “Zhejiang Brand Product” with over 30 patents, it ranks first with its product market share rate. In 2020, the company’s operating revenue reached 1.193 billion yuan, with a profit totalling 94.7429 million yuan. After going public, it will continue to explore the segmented areas of special fire-proof cables and further enrich its high value-added product lines while promoting the competitive edge of existing products. In the process of continuously improving its profitability, the company is expected to better satisfy market demand and gradually replace some imported high-end special cables in the current domestic market.