CINDERSON Tech (Suzhou) Co Ltd, a company engaged in the R&D, production and sales of micro-motors and related products, went public on the Main Board of Shanghai Stock Exchange on Mar 20, becoming the first company in SIP to have been listed on the domestic A-share market this year.
Founded in 2004, the company has mastered a number of core technologies related to micro-motors. Its products are mainly used in electrical cleaning appliances such as vacuum cleaners, and also high-speed hair dryers, power tools and garden tools.
The company has manufacturing bases in the cities of Suzhou and Taixing of China’s Jingsu province and also in Vietnam, and its products are sold in North America, Europe and the Asia-Pacific region.
Based on the listing, the company will seek to expand its business coverage. It will increase input in developing products for smart home, environmental engineering, new energy vehicles and industrial robots to strengthen its core competitiveness in market.
March 20, 2024
