Zhejiang Hongxin Technology Co Ltd from Taizhou, Zhejiang province successfully debuted on the ChiNext board of the Shenzhen Stock Exchange on April 15.

The company offered 37 million shares at a price of 10.64 yuan ($1.47) per share, raising a total of 393.68 million yuan.

Situated in Huangyan district, Taizhou, Hongxin Technology specializes in the R&D, manufacturing, and sale of forged aluminum alloy wheels for automobiles, which has notably disrupted the dominance of foreign brands in the Chinese commercial vehicle market.

The company's products are directly supplied to domestic vehicle manufacturers and first-tier suppliers such as Dongfeng Liuzhou Motor and BYD. It is also actively expanding into global markets.

Hongxin Technology boasts strong technological innovation capabilities, with 44 authorized patents, including five invention patents and 31 utility model patents.

With the addition of Hongxin Technology, the total count of listed companies in Taizhou has now reached 73, with 69 A-share listed companies.