On February 18, Changzhou Qianhong Bio-pharma Co. Ltd. (002550) was successfully listed on Shenzhen Stock Exchange with issuing price of RMB 32 and issuance price-earnings ratio of 40.51 times.
On February 25, Jiangsu Nanfang Bearing Co., Ltd. (002553) was successfully listed on SME Board (Shenzhen Stock Exchange) with issuing price of RMB 17 and issuance price-earnings ratio of 60.71 times. It is the leading enterprise of needle bearing and overrunning clutch in China. The products are broadly applied in auto industry, motorcycle industry and tools industry. The two companies were the third and the fourth enterprises listed at stock exchange market in this year.
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