On February 8, 2021, Hengerda New Materials (Fujian) Co., Ltd. (hereinafter referred to as “Hengerda”, stock code “300946”), a leader in the metal cutting tool industry, became officially listed on the ChiNext Board at an issue price of 29.45 yuan per share. On the first day of listing, Hengerda's stock price surged, with an opening price of 139.66 yuan per share, exceeding the issue price by 374.23%.

Deeply cultivating the field of metal cutting tools and creating industry quality benchmarks

Founded in 1995, Hengerda is a national high-tech enterprise focusing on the new metal material. The company has been deeply involved in the metal cutting tool industry for over 20 years, possessing outstanding research & development capabilities and industrial application experience. We have independent intellectual property rights and technological advantages in the three core technologies as follows: metal heat treatment process, metal material processing technology, and automation specialized equipment manufacturing. The company continuously breaks through bottlenecks and innovates products based on the hardness and toughness characteristics of metal cutting tools through the three core technologies. It has achieved domestic substitution for various imported die-cutting tools, sawing tools, and cutting tools, etc., and its market position and technological level have been widely recognized.

Accelerating serialization and integration to assist in the transformation and upgrading of China's manufacturing industry

During the development of the enterprise, Hengerda continuously deepens the serialization of metal cutting products, makes researches and innovations to launch new products, and also actively expands downstream application areas. Its business has gradually extended to provide cutting processing solutions with product serialization and supporting equipment integration for fundamental industries of national economy, such as packaging and printing, electronic information, automotive, and equipment manufacturing, etc. The diversified development has enabled the company to make achievements in both light and heavy industries, with cutting objects covering both flexible and rigid materials, achieving a balance between light and heavy industries and a combination of soft and hard materials, which has to some extent enhanced the company's ability to resist risks.

Looking ahead, the capital raised will fuel new project development, allowing us to leverage our core strengths to intensify research and development (R&D) and enhance the performance and quality of our existing product portfolio. By actively benchmarking against global leaders in metal-cutting tools, we will deepen our commitment to the industry and advance the integration of serialized products and supporting equipment. This will empower us to provide robust support for the foundational industries and advanced manufacturing sector in China, driving their transition toward higher quality, efficiency, and intelligent operations.