Huayang variable Speed has successfully listed the selected layer of the new third board, and its performance has increased in recent years.

Today, Hubei Huayang Automobile Transmission system Co., Ltd. publicly issued to unspecified qualified investors and listed the project in the selected layer successfully listed in the selected layer of the national small and medium-sized enterprise stock transfer system. It is also the 58th new third board enterprise to enter the selected layer.

The selected layer public offering attracted 9 war investors, including Jin Changchuan, Dan Guishun, Qingdao Chenrong and other famous war investors, with a total commitment to subscribe 24.772 million yuan.

Huayang changed the speed of the public offering at a price of 4.20 yuan per share, a price-to-earnings ratio of 10.65 times, and a fund-raising scale of 160 million yuan. A total of 55000 investors effectively applied for 3.045 billion shares, and the corresponding frozen funds reached 12.79 billion yuan. In the end, the number of households allocated to online distribution was 28200, and the proportion of online distribution was only 0.92%.

Huayang Transmission listed the new third board on November 25, 2016, which is mainly engaged in the research, development, production and sales of commercial vehicle transmission parts. The lightweight of automobile parts is realized through aluminum alloy application, structure optimization, thermoforming and modular design. The company began to invest in lightweight research and development of auto parts in 2015, and completed the product development iteration after completing the lightweight process research on the shell of Faste high-end light truck gearbox in 2017. A number of horizontal machining centers were purchased in mid-2018, and a 2500-ton die-casting machine was purchased at the end of 2018, gradually expanding the production focus from steel as raw materials to aluminum alloy as raw materials.

With the domestic implementation of lightweight development, the domestic commercial vehicle industry continues to maintain a high demeanor, Huayang variable speed in line with the development trend of the industry to launch new aluminum alloy products, a good grasp of the market opportunity, the company has made rapid development in the past few years. According to information, from 2018 to 2020, the company's operating income was 171 million yuan, 254 million yuan and 325 million yuan respectively. At the same time, the company's net profit from 2018 to 2020 was 16.5 million yuan, 36.23 million yuan and 52.89 million yuan respectively.