Guizhou SMEs accelerate their entry into capital market

Guizhou Huifeng Zhongyi Machinery Manufacturing Co, a provincial professional, refined, special and innovative enterprise, resumed production in an orderly manner and stepped up to make orders on Sept 27.

The company is located in the Guiyang Economic and Technological Development Zone in Guiyang, capital of Southwest China's Guizhou province. It mainly produces high-end rock drilling tools.

Two months ago, the company was acquired by Shareate Tools Co, a company listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, with a 51.0005 percent stake.

Since then, the company has seen a large increase in orders, becoming a small and medium-sized enterprise (SME) in Guizhou leveraging the multi-level capital market to achieve rapid development.

This is thanks to the help of Guizhou Equity Exchange Co. It is the only legal operating institution in the regional equity market in Guizhou, and is also an important financial foundation for the multi-level capital market in Guizhou.

Since Guizhou Huifeng Zhongyi Machinery Manufacturing Co was listed on the Guizhou Stock Exchange Quotation Trading Board in March 2021, Guizhou Equity Exchange Co has continued to provide the company with various capital market services such as financing roadshows, business plan training, and exchange listing service week activities.

In March, the Guizhou Provincial Department of Industry and Information Technology rolled out a notice to help Guizhou Equity Exchange Co establish a board for professional, refined, special and innovative enterprises.

As of the end of July, 80 such enterprises in Guizhou had been listed on the board.