October 19, 2021 (China Knowledge) – Hunan Hualian China Industry (001216) opened at RMB11.24 on its first day of listing on the main board of the Shenzhen Stock Exchange, an increase of 20% from its IPO price of 9.37 RMB.
The stock price ended the day at 13.49 RMB, up 44% from its issue price. Its intraday highs and lows were 13.49 RMB and 11.24 RMB respectively. A total of 0.9 million shares changed hands with a turnover of 11.8 million RMB and ended the day with a total market cap of 3.4 billion RMB.
Hunan Hualian China Industry manufactures ceramic products. The company produces and sells ceramic tableware, ceramic mugs, ceramic bottles and other products. Hunan Hualian China Industry markets its products throughout China.
Hunan Hualian China Industry said in its prospectus that the funds raised during the IPO will be used to modernize its ceramic production line and to supplement its working capital.
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