Zhejiang Wellsun Intelligent Technology Co Ltd makes an initial public offering on the Shenzhen Stock Exchange on Sept 9. [Photo/taizhou.com.cn]

Zhejiang Wellsun Intelligent Technology Co Ltd made an initial public offering on the Shenzhen Stock Exchange on Sept 9, according to local media reports.

It is the first company based in Taizhou, East China's Zhejiang province to debut on the Shenzhen bourse so far this year. 

Founded in 1997, Zhejiang Wellsun Intelligent Technology Co Ltd is a national high-tech enterprise mainly engaged in the R&D, production and sales of smart meters and power consumption information collection systems, among other products. 

The company sold roughly 39.31 million new shares to investors, accounting for 25 percent of its total capital after IPO. 

In the future, Wellsun plans to develop itself into a data service platform operator in the power industry by leveraging information technologies including big data, cloud computing, internet of things, mobile internet and artificial intelligence. 

Taizhou is currently home to 56 listed enterprises in Taizhou, including 53 A-share enterprises, official data show.

A workshop operated by Zhejiang Wellsun Intelligent Technology Co Ltd, which made an initial public offering on the Shenzhen Stock Exchange on Sept 9 [Photo/taizhou.com.cn]