Sound as a bell: Nantong's mayor and executives at Jiangsu Hongde Special Parts Co Ltd show their excitement as the company gets listed on the Shenzhen Stock Exchange. [Photo/WeChat account: wxntfb]

Metal castings foundry Jiangsu Hongde Special Parts Co Ltd – located in the Tongzhou district of Nantong in East China's Jiangsu province – listed its shares recently.

The company – which develops, produces and sells cast iron and aluminum products in China – listed its shares on the growth enterprise market, also known as the GEM board, of the Shenzhen Stock Exchange in South China's Guangdong province on April 19.

The company started trading at 26.27 yuan ($4.12) per share under stock code 301163. A total of 20.4 million shares were issued on the first day, raising 536 million yuan.

Founded in 1994, Hongde is a national high-tech firm specializing in research, development, production and marketing of key castings for high-end equipment. It is one of the major suppliers of key casting products in domestic and overseas markets.

Adhering to scientific and technological innovation, the company has undertaken and completed several sci-tech projects sponsored by national ministries and provincial departments.

It has also won the Jiangsu provincial science and technology award and took first prize in the Nantong municipal awards for scientific and technological advancement.