Zhejiang Zhongkong Technology Co., LTD. (hereinafter referred to as “Zhongkong Technology” or the “Company”) Global Depositary Receipt (hereinafter referred to as “GDR”) was officially listed and traded on the Swiss Stock Exchange (hereinafter referred to as “SWisSEX”). This marks the opening of international financing channels, enhancing the company’s global brand image, and will further help the company’s overseas business layout, and the company’s globalization strategy has entered a new stage.
As a leading enterprise in the field of intelligent manufacturing of process industry in China, Zhongkong Technology has always adhered to the vision and mission of “making industry smarter and life easier”, and is committed to meeting the needs of automation, digitalization and intelligence of process industry enterprises by building the “135 customer value innovation model” with “1 business model +3 major product technology platform +5T technology” as the core. Seizing the strategic opportunities of a new round of scientific and technological revolution and industrial transformation, technological innovation ability and speed continue to improve, products and solutions to further strengthen the competitive advantage, the company’s development to a new level. According to the preliminary calculation, in 2022, Zhongkong Technology achieved a total revenue of 6.621 billion yuan, an increase of 46.50%, and a net profit of 796 million yuan, an increase of 36.77%, mainly due to the strong demand of downstream customers in the domestic process industry, and the increasing importance of improving quality, reducing cost, increasing efficiency, safety and low-carbon. Digital and intelligent transformation and upgrading have accelerated, and the company’s various businesses have achieved rapid growth, and the market share of core products has steadily increased.
The digital economy industry in which the company is located is in the stage of national key cultivation and rapid development. In order to further strengthen research and development investment, expand technological advantages, expand overseas layout, and actively respond to the call of capital market reform and opening up, Zhongcong Technology chooses to issue GDR overseas and list on the Swiss Stock Exchange.
On April 11, Zhongkong Technology successfully completed the pricing of GDR issuance, attracting extensive participation and active subscription from well-known investors around the world. The number of GDRS issued by the company was 20,958,000, representing 41,916,000 A-shares of underlying securities, and the final price of the issuance was US $26.94 per GDR. The total amount raised is about $565 million. The A-shares of the basic securities represented by the company’s GDR this time accounted for 8.39% of the total A-share capital before the issuance, which is the largest proportion of issuance since the expansion of the Shanghai-London Stock Connect to the Central Europe Stock Connect, and Zhongkong Technology has also become the company that completed the issuance of GDR in the shortest time after the IPO listing.

The successful listing of the GDR is another important milestone in the development of the company. While embarking on a new journey, the company will transform the results of the release of GDR into a new round of industrial upgrading of the company, and continue to use the concept of innovation, excellence and sustainable development to continue to help the high-quality development of the process industry; With advanced digital technology, artificial intelligence technology, create value for customers. The company will also take this opportunity to continue to deepen the process industry automation, digital, intelligent global market.