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3 Zhejiang companies listed on new S&T innovation board

ezhejiang.gov.cn| Updated: July 23, 2019 L M S

Hangzhou-based ArcSoft is a world-leading provider of algorithm and software solutions in the computer vision industry, serving customers around the world, including Samsung, LG and Huawei.

In the first six months of 2019, the company's revenue was estimated to be between 276 million ($40.11 million) to 286 million yuan, a year-on-year increase of 38.69 to 43.72 percent. ArcSoft plans to raise 303.1 million yuan at the STAR Market for further research and development.

Michael Deng, CEO of ArcSoft, said in a letter to his staff that the company will seize the opportunity and give full play to its strengths in research and development, industrial chain, brand building and customer service for the application of computer vision technologies in more fields.

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Zhejiang Hangke Technology Inc Co is one of the first companies to list on China's tech-focused board. [Photo/IC]

Zhejiang Hangke Technology Inc Co, a world-class lithium cell processing system integrator, is committed to the development of the global charging and discharging industry. It is the first Zhejiang company to receive approval to list on the new tech-focused board.

Cao Ji, chairman of Hangke, said the S&T innovation board will support Hangke to go farther than it ever has.

Ningbo Ronbay Lithium Battery Materials Co, a high-tech new energy company, is engaged in the development, production and sales of anode materials for lithium batteries. On the first trading day, it reported an increase of 86.06 percent, closing at 49.53 yuan per share. 

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