A-share IPO subscription | Zhigao Machinery (920101.BJ) opens subscription, main products are drilling rigs and screw machines.

On August 5th, Zhigao Machinery (920101.BJ) started its subscription with an issue price of 17.41 yuan per share, a subscription limit of 1.0203 million shares, a P/E ratio of 14.50 times, listed on the North Exchange, with Orient as its sponsor. According to its prospectus, Zhigao Machinery is a high-tech enterprise specializing in the research, development, production, sales, and service of rock drilling equipment and air compressors. It is one of the fourth batch of specialized and new "little giant" enterprises in the country. The company focuses on providing energy-saving, environmentally friendly, safe, and efficient drilling and screw machines, dedicated to providing downstream customers with professional comprehensive solutions for rock drilling projects and air power applications, widely used in mining, construction, equipment manufacturing, petrochemicals, and other fields. The company has established a complete product development system, mastered core technologies with independent intellectual property rights, and achieved a series of technological achievements. Various models of drilling machines and screw machines have been rated as provincial industrial new products or scientific and technological achievements in Zhejiang Province. Among them, the ZGYX-6500 full hydraulic open-pit rock drilling vehicle was rated as the first key product in the field of equipment manufacturing in Zhejiang Province (China) and included in the national torch plan by the Ministry of Science and Technology. The company was rated as a "hidden champion" enterprise in Zhejiang Province by the Economic and Information Technology Department of Zhejiang Province, and its technology center was recognized as a "Zhejiang Enterprise Research Institute." The company is one of the few domestic manufacturers with independent production capabilities for core components of underground drilling machines and screw machines and has participated in international market competition. The company has a high-end manufacturing level and a complete production system, is an advanced manufacturing base in Zhejiang Province, and has scale production capabilities. The company is one of the drafting units for industry standards for crawler-type open-pit rock drilling vehicles, tire-type hydraulic rock drilling vehicles, and crawler-type integrated down-the-hole drilling rigs, and one of the drafting units for the Zhejiang manufacturing standard for crawler-type open-pit down-the-hole drilling rigs. It is a member unit of the China General Machinery Industry Association. The company has rich experience in the design and development of drilling machines and screw machines, and many products have been certified as "Zhejiang Manufacturing" and are recognized by customers in China and countries along the Belt and Road such as Russia, Saudi Arabia, and Kazakhstan. The company's main products are drilling machines and screw machines. After years of continuous technological research and development, the company's drilling machines and screw machine products have reached more than 400 types, forming a series of integrated drilling machines, split drilling machines, engineering screw machines, industrial screw machines, and other products, with a complete range of product categories. Financially, in 2022, 2023, and 2024, the company is expected to achieve operating revenues of approximately RMB 7.95 billion, RMB 8.40 billion, and RMB 8.88 billion, respectively, with net profits of approximately RMB 88.98 million, RMB 104 million, and RMB 105 million, respectively.