Warmly celebrate the successful listing of Chongqing Wangbian Electric (Group) Co., Ltd. on the A-share market

Warmly celebrating the successful listing of Chongqing Wangbian Electric (Group) Co., Ltd. on the A-share market

On April 28, Shanli's partner, Chongqing Wangbian Electric (Group) Co., Ltd. (hereinafter referred to as "Wangbian Electric", stock code: 603191), was successfully listed on the Shanghai Stock Exchange!

Wangbian Electric is the third largest producer of grain-oriented electrical steel in China and the first domestic company to integrate the production of electrical steel, iron core processing, and the manufacturing of transformers and complete sets of equipment. In addition to steelmaking and hot rolling, it has the full cold rolling production capacity from chemical pickling, cold rolling, decarburization annealing (nitriding), high-temperature annealing, tension leveling, and laser scribing. The funds raised from this public offering will mainly be invested in projects such as the construction of an intelligent complete set of electrical equipment industrial base, the technological transformation of a 110KV and below energy-saving transformer intelligent factory, the intelligent manufacturing project of low iron loss and high magnetic induction electrical steel cores, and the construction of a research and development center and information system. This will play a positive role in the high-quality development of Southwest China.

Huangshi Shanli Science and Technology Co., Ltd. is an important strategic partner of Wangbian Electric. In 2016, Shanli undertook the research, design, and construction of three production lines for Wangbian Electric's Phase I high-performance grain-oriented electrical steel project: "grain-oriented silicon steel chemical pickling unit", "grain-oriented silicon steel continuous decarburization annealing and magnesium oxide coating unit", and "grain-oriented silicon steel insulation coating and hot leveling unit", marking the beginning of a deep strategic partnership between the two companies. On October 18, 2017, Wangbian Electric's grain-oriented silicon steel project was successfully put into production, becoming one of the few private enterprises in China that produce high-performance grain-oriented silicon steel. In July 2019, the two parties reached a cooperation plan for Wangbian Electric's Phase II high-performance grain-oriented silicon steel project, once again adopting a turnkey model to build the "grain-oriented silicon steel chemical pickling unit", "grain-oriented silicon steel continuous decarburization annealing and magnesium oxide coating unit", and "grain-oriented silicon steel insulation coating and hot leveling unit" for Wangbian Electric. The successful completion of the project has achieved an annual production capacity of 100,000 tons of grain-oriented electrical steel.
 

 

 

 

 

 

 

 

 

 

 

All employees of Shanli extend their warmest congratulations on the successful listing of Wangbian Electric's A shares! Zhang Guanghua, director and general manager of Shanli, and director Ma Guohe attended the Wangbian Electric's IPO appreciation meeting, presenting a painting of "Five Oxen" representing "Fortune Ox", "Official Rank Ox", "Longevity Ox", "Happiness Ox", and "Wealth Ox", to express their sincere congratulations to Mr. Yang Zeming, chairman of Wangbian Electric, and wishing Wangbian Electric continued success!

The successful listing of Wangbian Electric also marks the thriving development of China's electrical steel industry chain. We firmly believe that the cooperation between Shanli and Wangbian Electric will contribute to the development of China's electrical steel industry!