Rychen Technologies, which is located in Malu town in Jiading district, was listed on the Growth Enterprise Market of Shenzhen Stock Exchange (SZSE) on Oct 25.
The company issued over 17.91 million shares at 37.89 yuan ($5.29) per share.
Rychen Technologies is a high-tech company specializing in the field of energy conservation and environmental protection. It focuses on high-tech research and development, energy-saving product design and production in the fields of fluid transportation, permanent magnet motors, precision control combustion, and high-efficiency heat exchange to provide professional technical services to users.
In 2021, the company achieved an operating revenue of 408 million yuan.
As of Oct 25, the company has acquired 73 patents, including seven invention patents and 66 utility model patents.
Jiading district-based Rychen Technologies celebrates its listing on the Growth Enterprise Market of Shenzhen Stock Exchange on Oct 25. [Photo/WeChat account: sh-jiading]