The company (836720:BJ) is among the first listings on the new bourse.
Wuxi Yoshioka Precision Engineering Co., Ltd. (836720:BJ) is set to start trading its shares on the Beijing Stock Exchange, China's new equity trading on November 24, 2021.
Yoshioka specializes in customized manufacturing zinc/aluminum alloy die casting. The company's components are used in Tesla Model 3 and Model Y. It has also been active in the home appliances industry, supplying to the likes of SharkNinja. Here are a few business highlights:
Yoshioka markets its products across several industries, which allows it to keep revenues stable.
The company's gross profit margin is at the industry average level, with stable cash flow from operating activities.
In July 2021, the company announced a CNY 3.1 billion expansion plan caused mainly by a high equipment utilizing rate (over 90%), as the business keeps attracting new customers.
The casting industry is slowly growing and hasn't seen much technological disruption in recent years.