On October 16, 2024, Shangda Superalloy Materials Co., Ltd. was officially listed on the ChiNext Market of the Shenzhen Stock Exchange, with the stock short name “Shangda Co., Ltd.” and stock code 301522.
Leaders including Zheng Zhuanji, Member of the Standing Committee and Executive Vice Mayor of Xingtai Municipal Committee of the CPC; Tang Ying, Executive Deputy Director of the Hebei Provincial Financial Office; Wang Guihai, Executive Deputy Director of the Hebei Provincial Office for Civil-Military Integration; Gao Junzhao, Counselor of the Hebei Provincial People‘s Government; Wang Hefu, Second-level Inspector of the Hebei Provincial Department of Industry and Information Technology; Lyu Yaru, Vice Chairwoman of the Xingtai Municipal Political Consultative Conference; Zhang Jian, Secretary of the Qinghe County Committee of the CPC; Lin Zuoming, Chairman of the Chinese Society of Aeronautics and Astronautics; Liu Daxiang, Academician of the Chinese Academy of Engineering; Liu Wenqiang, Party Committee Secretary of the China Academy of Electronics and Information Technology; Gu Huizhong, Director of the Investment Committee of the Chinese Society of Aeronautics and Astronautics; Ran Xing, Chairman of AVIC Heavy Machinery Co., Ltd.; Hu Linghong, General Manager of AVIC Heavy Machinery Co., Ltd.; Gao Quanxi, Assistant to General Manager and General Manager of the Investment Department of SDIC Mining Investment Co., Ltd.; Wang Shuguang, Member of the Management Committee and Head of the Investment Banking Department of China International Capital Corporation Limited (CICC); Luan Donghai, Chairman and General Manager of Shangda Co., Ltd.; along with partners, intermediaries, and other friends who have long cared for and supported Shangda Co., Ltd., jointly witnessed the listing ceremony.
Leadership Speeches
Zheng Zhuanji, Member of the Standing Committee and Executive Vice Mayor of Xingtai Municipal Committee of the CPC, first extended warm congratulations to Shangda Co., Ltd. on its successful listing on the ChiNext Market and expressed sincere gratitude to the leaders and people from all walks of life who have long cared for and supported Xingtai’s economic and social development. He stated that Shangda Co., Ltd. has always adhered to its corporate culture of “integrity and innovation, precision and rigor.” This listing on the ChiNext Market of the Shenzhen Stock Exchange is a concrete manifestation of the company‘s pursuit of excellence and determination to be the best, setting an example for other Xingtai enterprises seeking to go public. He expressed hope that Shangda Co., Ltd. would ride the wave of its listing, showcase its strength, scale new heights of development, and give back to society with higher-quality products and outstanding performance.
Lin Zuoming, Chairman of the Chinese Society of Aeronautics and Astronautics, on behalf of the Society, expressed warm congratulations to Shangda Co., Ltd. He stated that in just over a decade, Shangda has not only successfully applied scrap-recycled superalloys to mass-produced aero-engines, initially fulfilling its original mission, but has also achieved import substitution for many materials, significantly narrowing the gap with imported products in terms of performance indicators and economics. This has strongly promoted the development and progress of domestic material R&D capabilities and independent support capacity, making positive contributions to the development of China‘s aviation industry. He expressed hope that Shangda would take this listing as an opportunity, empowered by capital, to achieve sustained, rapid, and healthy development, and to join the ranks of the world’s top-tier high-end material manufacturers as soon as possible.
Wang Shuguang, Member of the Management Committee and Head of the Investment Banking Department of China International Capital Corporation Limited (CICC), expressed warm congratulations on behalf of CICC on Shangda Co., Ltd.’s successful listing. He stated that throughout their cooperation with Shangda, he deeply appreciated the company‘s spirit of craftsmanship in innovation and development, and had been fortunate to witness its arduous journey of continuous growth and rapid development. Today’s successful listing on the ChiNext Market is an affirmation of Shangda’s past hard work and also a new starting point for the company‘s leapfrog development. CICC will continue to provide high-quality capital market services to Shangda, effectively fulfill its responsibilities as a sponsor, and assist Shangda in achieving sustained, high-quality development.
Luan Donghai, Chairman and General Manager of Shangda Co., Ltd., delivered a speech. On behalf of all employees of the company, he expressed heartfelt gratitude and sincere respect to all the distinguished guests who have supported Shangda‘s development.
He stated that Shangda’s development vision is to become a national safeguarding base for key strategic materials and a top-tier global supplier of core materials for high-end equipment manufacturing. After 17 years of dedicated innovation, the company has grown into an important production and R&D base for key strategic materials. Shangda will, as always, remember its original aspirations and mission, actively assume social responsibilities, protect investor rights, and safeguard investor interests. At the same time, the company will further accelerate scientific and technological innovation, providing customers with products of better quality, lower cost, and more timely delivery, and making even greater contributions to industrial progress and social development.
Signing Ceremony
Yu Huali, Chief Engineer of the Shenzhen Stock Exchange, and Luan Donghai, Chairman and General Manager of Shangda Co., Ltd., jointly signed the “Securities Listing Agreement.”
The Shenzhen Stock Exchange presented Shangda Co., Ltd. with an “Entrepreneurial Bull” sculpture as a listing souvenir.
Listing Bell-Ringing Ceremony
Six leaders jointly rang the opening bell: Zheng Zhuanji, Member of the Standing Committee and Executive Vice Mayor of Xingtai Municipal Committee of the CPC; Tang Ying, Executive Deputy Director of the Hebei Provincial Financial Office; Lin Zuoming, Chairman of the Chinese Society of Aeronautics and Astronautics; Ran Xing, Chairman of AVIC Heavy Machinery Co., Ltd.; Wang Shuguang, Member of the Management Committee and Head of the Investment Banking Department of China International Capital Corporation Limited (CICC); and Luan Donghai, Chairman and General Manager of Shangda Co., Ltd.
Company Profile
[Shangda Co., Ltd.] was founded in August 2007. The company is primarily engaged in the R&D, production, and sales of specialty alloy products such as superalloys and high-performance alloys, as well as high-quality special stainless steels. It has achieved high-quality, low-cost, short-cycle production and delivery of national key strategic materials like superalloys. Main product delivery forms include forged bars, forged flats, forged discs, forged rings, forged shafts, and other open-die forgings. The company‘s products are widely used in the production and manufacturing of high-end equipment in both military and civilian fields, including aerospace, gas turbines and steam turbines, nuclear engineering, and petrochemicals.