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Representatives from Zhejiang Hengwei Battery Co Ltd announce the company's listing on March 9. [Photo/cnjxol.com]

Founded in 1999, Jiaxing-based Zhejiang Hengwei Battery Co Ltd is a national high-tech company dedicated to manufacturing high-performance eco-friendly zinc-manganese batteries, which are used in home appliances, digital products, and wireless security equipment.

To date, the company holds 21 patents, including four invention patents and 15 utility model patents.

Zhejiang Hengwei went public on the ChiNext Market of the Shenzhen Stock Exchange on March 9, 2022, making it the sixth listed company in Xiuzhou district.

The initial offering price for the company (stock code 301222), was 33.98 yuan ($5.38) per share, and it issued more than 25.33 million shares on its first day of trading.