Representatives of Kerun Intelligent Control Co Ltd ring the opening bell during the listing ceremony on July 13. [Photo/qz828.com]

Kerun Intelligent Control Co Ltd in Jiangshan, a county-level city in Quzhou, East China's Zhejiang province, became the first company to be listed on the Beijing Stock Exchange in Quzhou on July 13, according to local media reports.

It began trading under the stock code 834062 and its initial public offering was 4.3 yuan ($0.63) per share.

The company plans to raise 150 million yuan through public offerings, mainly investing in the construction of an energy-saving transformer production line to improve the production capacity of energy-saving transformers and other products.

The company is mainly engaged in the research, development, production and sale of power transmission and distribution equipment such as transformers, complete sets of high and low voltage switchgear, and complete sets of outdoor equipment.

The company has 67 related patents, including 8 invention patents and 59 utility model patents.