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Zhejiang Haosheng Electronics Technology Co Ltd was listed on the Beijing Stock Exchange on July 19, becoming the third listed company in Jiaxing this year and the fifth company in Jiaxing to be listed on the Beijing Stock Exchange.

Haosheng Electronics (stock code 838701) issued 24.5 million shares at a price of 8.8 yuan ($1.22) per share, raising a total of 216 million yuan, mainly for expanding the annual production capacity to 35 million micro receivers, 25 million micro speakers, and 55 million micro speaker modules.

The company is mainly engaged in the research and development, production and sale of micro electroacoustic components and audio electro-acoustic products.

It has 63 patents, including four invention patents and 59 utility model patents, and has developed into a major manufacturer in the domestic and foreign electro-acoustic industry.

"The company has always attached great importance to the innovation of product and process technology, and has closely followed technological updates and market demand for terminal products since its establishment," said Xu Ruigen, chairman and general manager of Haosheng Electronics.

The factory of Zhejiang Haosheng Electronics Technology Co Ltd in Jiaxing, East China's Zhejiang province. [Photo/jiaxingren.com]