Weiwan seals initial public offering and is listed on the Growth Enterprise Market

Latest News: On September 1st, the online roadshow for the initial public offering of shares and listing on the ChiNext Board was held at the Panorama Roadshow this Thursday. Secretary Liu Zhengshan, Deputy General Manager and Chief Financial Officer Chen Zhonghua, and relevant personnel of the sponsor (lead underwriter) Guosen Securities attended the roadshow and conducted real-time online exchanges with investors.

Dong Jing, chairman and general manager of Viwan Seal, said in his speech that Viwan Seal is a high-tech enterprise specializing in the research and development, production and sales of hydraulic and pneumatic sealing products. The company is committed to breaking the domestic high-end seal market, which is monopolized by foreign brands, and has independently developed more than a thousand kinds of seal products. The company always adheres to the mission of “based on customer needs, adheres to the research of materials, products and application technology, and provides the most professional sealing solutions”, actively increases R&D investment, and provides sufficient power for the rapid development of the company in the future. In terms of sealing materials, the company has the ability to independently develop and produce polyurethane sealing materials, and independently develop TecThane® series of polyurethane sealing materials. Some technologies have broken the monopoly of foreign sealing products in the domestic high-end application market.

Dong Jing, Chairman and General Manager of Weiwan Sealing.jpg

Vaiwan Sealing Chairman and General Manager Dong Jing delivers a speech

Dong Jing said that the company will practice the strategy of “multi-market”, “multi-material” and “multi-business model” in the future, adhere to the goals of “quality, cost, service and research and development”, strengthen the company’s execution, and build a learning organization , to seek the company’s long-term healthy development!

Zhang Qunwei, Managing Director of the Investment Banking Division of Guosen Securities, said in his speech that with the development of the Belt and Road Initiative and new infrastructure, robotics and industrial automation, and dual-carbon development, construction machinery, mining machinery, new energy, and industrial automation are in a period of vigorous development. , a number of policies have been implemented to support the development of the industry, and Weiwan Seal has developed into a high-tech enterprise specializing in the research and development, production and sales of hydraulic and pneumatic sealing products by superimposing its own rich technical accumulation and high-quality and stable customer resources.

Zhang Qunwei said that Viwan Sealing continued to maintain its research and development capabilities and technological advancement. With its sealing material modification technology and sealing application technology reserves, it promoted the research of sealing materials and successfully created a TecThane® series polyurethane sealing material system with independent intellectual property rights. It has established a technical platform for various material systems such as standard material system and high-performance material system, and focuses on the development of high-performance polyurethane sealing materials. Based on this, many products of the company have realized the substitution of imported brands.

Weiwan sealed the public offering of 30 million new shares, all of which were public offerings. Calculated based on the issue price of RMB 18.66 per share, the total amount of funds raised by the issuer is expected to be RMB 560 million. After deducting the estimated issuance expenses, the net amount of funds raised is expected to be about RMB 491 million, which is planned to be used for new construction with an annual output of 80 million pieces/set High-performance sealing parts project; construction project of sealing technology research and development center; intelligent upgrading and reconstruction construction project; supplementary working capital.