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Chenqi new chapter noble future - Chenguang cable successfully landed on the North Stock Exchange




Release time:2022-07-14 22:40


On the morning of July 12, Chenguang Cable (stock code: 834639) was successfully listed on the NSE in a public offering to unspecified qualified investors, becoming the third "Made in Jiaxing" enterprise in Jiaxing to land on the NSE this year, and the 103rd listed enterprise on the NSE, as well as the sixth listed enterprise in Pinghu City. Zhong Xudong, Secretary of Pinghu Municipal Party Committee, and other leaders of the municipal party committee, municipal government, Municipal People's Congress and the Municipal People's Political Consultative Conference, Pinghu City Economic and Information Bureau, Finance Office and other major bureaus and offices of the leadership, Dushan Harbor District (Town) Party Secretary Zhuang Zhihao, Pinghu City Chamber of Commerce President Zhu Zailong, Dushan Harbor District (Town) Chamber of Commerce President Huang Derong, Western Securities, Jintiansheng Law Firm, and Tianjian Accounting Firm leaders and representatives of the China Electrical Apparatus Industry Association, Wire and Cable Branch Deputy Secretary General Ling Chenggang, and China Electrical Apparatus Industry Association Deputy Secretary General Ling Chenggang. Ling Chenggang, Deputy Secretary General of China Electrical Apparatus Industry Association, Ke Yongjin, Yu Limin, He Wurong of Zhejiang Wire and Cable Association, Zhu Shuliang, Chairman and General Manager of the company, Zhu Weiyi, Secretary of the Board of Directors of the company, all the company's middle-level leaders, some investors on behalf of some of the Dushan Harbor District (town), some enterprise representatives, supplier representatives and other representatives of more than 200 people to participate in the listing ceremony. Because of the epidemic, the listing bell-ringing ceremony was carried out in the way of cloud live broadcast.


At the ceremony, Secretary Zhong Xudong delivered a speech, in which he expressed his warm congratulations to Chenguang Cable on its listing on the NSE, and hoped that Chenguang Cable would take the listing of the enterprise as a new starting point, set up a new goal, adhere to the intensive cultivation of the main business, further expand and strengthen the enterprise, and push forward the enterprise to better and faster development.


On behalf of the company's board of directors, management and all cadres and staff, Zhu Shuliang expressed his heartfelt thanks to all the leaders, investors, partners, intermediaries, and guests who have long cared for and supported us! He said: in the context of China's economic double cycle and the development of new infrastructure and new energy, and in the critical period of changes in the pattern of the cable industry, the successful listing on the Bejing Stock Exchange is undoubtedly an important milestone for Chenguang Cable, and is a solid guarantee for the company to promote high-quality development in the future. Taking intelligent manufacturing as the focus point, promoting the advanced industrial base, creating a more innovative and higher value-added product structure, implementing the strategy of strengthening enterprises with talents, comprehensively integrating into the industrial Internet, new infrastructure and the new era of digital economy, and continuously enhancing the brand value of Chenguang Cable.


Not forgetting the original intention, traveling steadily and making progress. Setting sail for a new journey, we, Chenguang people, will, as always, go all out to return shareholders and contribute to the society with more excellent performance! Adhering to innovation and rigor, based on the capital market, we will unswervingly fulfill the obligations of a listed company, be a responsible enterprise, and live up to the love and expectations of all investors for Chenguang Cable!


Zhong Xudong and Zhu Shuliang and other leaders went on stage to ring the bell for the listing of the company, the municipal government, Dushan Harbor District (town), representatives of the listed service providers and cable associations and other participating leaders and guests, the company's board of directors and the management team of the leadership of a total of 18 people went on stage to witness the listing bell-ringing ceremony, and all the participants congratulated the company's listing event with warm applause.


In the course of thirty-eight years of development, Chenguang Cable aims at the development trend of the industry, adheres to the technology-based, industry-university-research mechanism to drive the continuous development of its own technology. The company focuses on building a technological innovation system, with a provincial enterprise research institute, provincial enterprise technology center, provincial postdoctoral workstation, provincial key enterprise technology innovation team, national skill master studio, national demonstration academician expert workstation, etc., and the organization has established stable cooperation with Xi'an Jiaotong University, Zhejiang University, Shanghai Electric Cable Research Institute, State Grid Electric Power Research Institute, Harbin University of Science and Technology, and other domestic scientific research institutes. Stable cooperation. Based on the effective mechanism of production, learning and research, the company's technical reserves continue to strengthen the heritage, and achieved fruitful technical results, with two national torch plan projects, 18 national invention patents, dozens of provincial and municipal scientific and technological achievements, a number of new products every year through the provincial level or above identification and acceptance, in recent years, the research and development of the design of the 110kV crosslinked polyethylene insulated composite smooth aluminum sheath power cables and 220kV split isolation capacity-enhancing In recent years, the design and development of 110kV cross-linked polyethylene insulated composite smooth aluminum power cables and 220kV split isolated capacity-enhancing power cables have passed the national appraisal, and the comprehensive performance of the technology has reached the international leading level and international advanced level respectively.


As one of the top 50 most competitive enterprises in China's wire and cable industry, Chenguang Cable owns a perfect quality management and control system, and the quality of its products is safe and reliable. The company organizes production in strict accordance with international standards, national standards and enterprise standards, and has obtained certification accordingly.From 2019 to 2021, the company has been at the forefront of the list of winning bids for power cables of the State Grid, and is the first echelon supplier of the State Grid, and its products serve China's electric power construction.With the industry's leading technological innovation and excellent product quality, Chenguang Cable has been the first supplier of power cables for the Beijing Olympic Games, Shanghai World Expo, Shenzhen Universiade, Shanghai World Expo, Shenzhen Universiade, etc, Shanghai World Expo, Shenzhen Universiade, Shanghai Disney, Beijing APEC, Hangzhou G20 Summit, Beijing Daxing International Airport, Beijing Winter Olympics and a large number of other key national construction projects suppliers. Chenguang Cable's products are found in the Hangzhou Bay Cross-sea Bridge, Jiasao Bridge, Jiaxing Wanda Plaza and Jiaxing Railway Station renovation projects, which are familiar to Jiaxing people.


All the shares issued by the Company are new shares. The number of shares issued in the public offering is 46,666,667,000 shares, and the total share capital after the issuance is 18,666,666,700,000 shares, and the number of shares issued in this offering accounts for 25.00 % of the total share capital after the issuance (before the exercise of the over-allotment option). The Issuer granted Western Securities an over-allotment option of not more than 15% of the initial issue size. If the over-allotment option is exercised in full, the total number of shares to be issued will be enlarged to 53,666,6667,000 shares and the total share capital after the issue will be enlarged to 193,666,6667,000 shares, and the number of shares issued will account for 27.71 % of the total share capital after the issue upon exercise of the over-allotment option in full. All the proceeds raised from the issue will be used for the main business, including further expanding the production capacity of mineral insulated cables, accelerating the pace of the company's intellectualization and upgrading, and promoting process innovation and product upgrading. Under the continuous growth of the national economy, national industrial policies and other strong support, Chenguang Cable officially landed on the stage of the NSE, which is expected to further enhance the brand influence and strengthen the overall competitiveness, embracing new development opportunities.



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