China Shijiazhuang Shangtai Technology Co., Ltd. plans to conduct the first public offering (IPO) in Shenzhen.The booming development of the new energy vehicle industry has promoted the market's demand for the company's lithium -ion battery negative materials produced by the company.

The Dow Jones News Agency reported that Shijiazhuang Shangtai Technology Monday (December 26) said in a announcement to the Shenzhen Stock Exchange that the company plans to raise 2.2 billion yuan in the first public offering (RMB, the same below, the same, appointment, contract, appointment, appointment.426 million yuan), sold 64.9 million shares at a price of 33.88 yuan per share.The company's shares will be listed on Wednesday (28th).

Shijiazhuang Shangtai Technology ’s operating profit in the first nine months of this year has doubled more than double, reaching 3.54 billion yuan, and the net profit increased by more than doubled.

Guoxin Securities is a sponsor that Shijiazhuang Shangtai Technology proposed to issue transactions.