- Micro-motor maker expands capital access as zhejiang sustains IPO momentum
- Listing highlights region’s growing presence in China’s advanced manufacturing supply chain
Zhoushan Chenguang Electric Motor Co. Ltd. began trading on the Beijing Stock Exchange (BSE) on April 8, becoming the first company from the eastern Chinese port city to list on the bourse and the ninth new listing from Zhejiang province this year.
The company manufactures specialized micro electric motors used primarily in cleaning appliances, underscoring investor appetite for niche industrial suppliers tied to China’s consumer electronics and smart-home manufacturing ecosystem.
Zhejiang has remained one of China’s most active IPO regions. In the first quarter of this year, mainland China’s A-share market saw 30 new listings raising a combined 25.9 billion yuan ($3.8 billion), with Zhejiang accounting for eight deals — roughly a quarter of the total — ahead of Jiangsu’s five.
Guangdong, Shandong, Anhui and Shaanxi each recorded two listings.
According to a quarterly review by Deloitte China’s capital markets services team, Zhejiang-based Zhenshi Co. ranked as the largest IPO by fundraising size during the period, raising about 2.92 billion yuan.
Following the latest listings, Zhejiang’s total number of A-share listed companies reached 739, maintaining its position as China’s second-largest provincial listing hub behind Guangdong, which has 891 listed firms, while neighboring Jiangsu counts 725.
