Golden Equator Technology (301297) successfully landed on the ChiNext board of the Shenzhen Stock Exchange on April 13. After the opening of the market, Golden Equator's stock price rose sharply, with the highest increase of more than 37% on the first day.

Zhejiang Jindao Technology Co., Ltd. is the 2625th listed company on the Shenzhen Growth Enterprise Market. With the addition of Golden Equator Technology, the number of listed companies on the Shenzhen Stock Exchange has reached 1132. The total number of shares issued by the company is 25 million, the issue price is 31.20 yuan, and the total share capital after the issuance is 100 million shares.

Tao Guanfeng, member of the Standing Committee of the Shaoxing Municipal Party Committee and executive vice mayor, Chen Hao, secretary of the Keqiao District Party Committee, Li Hui, member of the Party Committee and deputy general manager of the Shenzhen Stock Exchange, and Jin Yanrong, the actual controller and chairman of Zhejiang Jindao Technology Co., LtdGuotai JunansecurityinvestmentBankYu Weijun, general manager of the department, attended the event and delivered a speech.

Zhejiang Jindao Technology Co., Ltd. has been focusing on the industrial vehicle transmission device industry, mainly engaged in the research and development, production and sales of various types of forklifts and other industrial vehicle transmissions. The company is one of the few companies in China that has entered the supply chain of internationally renowned forklift factories, and the data shows that Golden Equator Technology has achieved more than 20% market share in the domestic market, and has obvious competitive advantages in the industry.

At the listing ceremony, Tao Guanfeng, member of the Standing Committee of the Shaoxing Municipal Party Committee and executive vice mayor, said in his speech: Jindao Technology is the 93rd listed company in Shaoxing and the first listed company in the city this year. Today's successful listing of Golden Equator Technology is not only a full affirmation of the past development process, but also a new starting point for Golden Equator Technology to face the future.

Tao Guanfeng said that he hopes that after Jindao Technology lands in the capital market, it will seize the development opportunities, further enhance its core competitiveness, return investors with more excellent operating performance, and make new contributions to the economic and social development of Shaoxing.

As the first enterprise listed on the ChiNext board of the Shenzhen Stock Exchange, Chen Hao, secretary of the Keqiao District Party Committee, said: Jindao Technology, as an outstanding representative of the high-end equipment manufacturing industry in our region, in recent years, with advanced technology and excellent quality, has always firmly occupied the market head position, especially the new energy logistics transmission machinery project with an investment of 650 million yuan, which will become a world-class production base. The successful listing is not only an important milestone in the development of the enterprise, but also another major achievement of Keqiao's "racing to the province", which will play a huge role in promoting the construction of "intelligent manufacturing strong zone" and optimizing the financial ecology.

According to the data, the core products of Golden Equator Technology are various types of forklift gearboxes, and the company's products have technical characteristics such as strong bearing capacity, high transmission efficiency, low vibration noise, smooth operation, and compact structure. The company adheres to independent research and development and continuous innovation, has a strong R & D advantages, the company has been rated as Zhejiang Provincial Science and Technology SMALL AND Medium-sized Enterprises, Zhejiang Provincial High-tech Enterprises Research and Development Center, Zhejiang Boutique Manufacturing, Zhejiang Province "Hidden Champion" cultivation enterprises, etc., and passed the ISO9001: 2008 international quality management system certification. As of the end of June 2021, the company has 24 invention patents and 60 utility model patents.

As of now, the company is associated with the world's top ten forklift manufacturersHangcha GroupIn-depth cooperation, products cover 95% of its models, and with Mitsubishi Heavy Industries, Doosan forklift trucks, JAC UnionPay,LiuGongAt the same time, the company has gradually opened cooperation with well-known forklift factories such as Toyota, KION Group, and Jungheinrich, and some products are being sample tested or produced in small batches.

From 2018 to 2021, the company's revenue was 451.6 million, 450.6 million, 529.7 million, 639.8 million, and the revenue in 2021 increased by 20.78% year-on-year; the net profit was 60.87 million, 51.82 million, 71.26 million, 79.39 million, and the net profit in 2021 increased by 11.41% year-on-year.

The company expects to achieve revenue of 150 million to 180 million yuan in January-March 2022, an increase of 7.98% to 29.57% year-on-year; expected net profit of 14.5 million to 17 million, an increase of 8.05% to 26.68%; and expected to deduct non-net profit of 13.5 million to 16 million, an increase of 5.37% to 24.88% year-on-year.

　　Guotai JunansecurityinvestmentBankYu Weijun, general manager of the department, believes that Golden Equator Technology focuses on the research and development, production and sales of industrial vehicle transmission devices such as forklifts, and the main products include hydraulic transmission transmissions and electric forklift transmissions. The company has been deeply engaged in the field of industrial vehicle transmission for many years, with forklift gearbox as the core, technological innovation and process improvement as the means, rooted in China, entering the international market, and established long-term and stable cooperative relations with forklift leading enterprises at home and abroad, becoming one of the most influential forklift transmission manufacturers.

The company raised funds to invest in the construction project of new energy logistics transmission machinery and hydraulic transmission transmission and the project of technology research and development center. The market believes that the company's investment project to increase the electric forklift gearbox, with the company's large customersHangcha GroupThe development trend of new energy forklift construction projects and forklift electrification can be expected to digest the capacity of the company's fundraising projects; as of the disclosure date of the prospectus, the company's fundraising projects may have been built in advance, and the capacity release node may not be far away. The company's fundraising project will add an annual output of 80,000 sets of new energy electric forklift drive units, and the plant may be under construction and nearing the end. The company acts asHangcha GroupThe core supplier, the electric forklift gearbox purchased by Hangcha Group from the company in the reporting period accounted for about 97% of its similar procurement; based on Hangcha Group's proposed investment in the construction of an annual output of 60,000 new energy forklift projects, it is expected to provide good development expectations for the gradual digestion of the company's investment project production capacity.

According to the World Association for Industrial Vehicle Statistics (WITS), from 2016 to 2018, global forklift sales maintained rapid growth, and in 2020, global forklift sales reached 1.5826 million units; in the decade from 2010 to 2020, the compound growth rate of global forklift sales was 7.89%. In 2020, China's forklift sales have reached 800,200 units, with a compound growth rate of 13.16% in the past decade, which is generally in line with the changes in world forklift sales.

Talking about the company's future development, Jin Yanrong said that the company will always take "the world's leading transmission expert" as the development vision, continue to pay attention to customer needs, and put quality first throughout all levels of manufacturing, sales and service, and the company will continue to strive for "building a benchmark enterprise in the field of industrial vehicle transmission devices".

As of the close, Golden Equator's share price per share was 37.1 yuan, up 18.62%.