04,01,2026 10 views
On March 30th, Shandong Yuelong Rubber and Plastic Technology Co., Ltd. (stock abbreviation: Yuelong Technology, stock code: 920188) held a listing bell ringing ceremony on the Beijing Stock Exchange, officially landing on the Beijing Stock Exchange, marking the company's entry into a new stage of capital market development and also serving as a platform for ShandongrubberInjecting new vitality into the high-quality development of the industry. Chairman Zhang Hongmin of Shandong Rubber Industry Association was invited to attend the listing ceremony and congratulated Yuelong Technology on its successful listing.
According to public information, Yuelong Technology was founded in 1989 and has been deeply involved in the field of high-end fluid transportation flexible pipelines for many years. It is a national key "little giant" enterprise specializing in precision and innovation, and a single champion enterprise in the manufacturing industry. Its main products include flexible pipelines for marine oil and gas, industrial rubber hoses, etc., which are widely used in marine oil and gas equipment, onshore oil and gas engineering, high-end industrial equipment, mining metallurgy and other fields.
Yuelong Technology has multiple core technologies and holds authoritative certifications such as API 17K, API 16C, and API 7K. It is the first enterprise in China and one of the few in the world to have the qualification to produce adhesive flexible hoses with API 17K. At the same time, it participates in the formulation of multiple domestic and international standards, and its products have passed China CCS, Norway DNV, and the United StatesABSCertified by global mainstream classification societies such as BV in France, our product quality and technical level have been recognized by the industry. Some of our products are matched with major domestic equipment projects and exported to multiple countries and regions around the world, serving many well-known energy enterprises at home and abroad.
In this IPO, Yuelong Technology issued at a price of 14.04 yuan per share, with 21.9932 million shares publicly issued and a total fundraising of 309 million yuan. The funds raised will mainly be used for the construction of high-end flexible pipeline production capacity, intelligent information upgrading and transformation, and research and development center projects, helping the enterprise further optimize its production capacity structure and enhance its technological research and development capabilities. On the first day of listing, Yuelong Technology opened at 39.86 yuan/share and closed at 30.20 yuan/share, up 115.10% from the issue price. Its total market value reached 2.506 billion yuan, and the capital market gave positive feedback on its development potential.
