EqualOcean has learned that on August 29th, Shandong Golden Empire Precision Machinery Technology Co., Ltd . (hereinafter referred to "GEB" or 金帝股份) conducted its initial public offering of CNY ordinary shares and was listed on the Shanghai Stock Exchange main board under the ticker symbol "603270". Guosen Securities（国信证券）served as the sponsor for this issuance.
The offering consisted of a combination of strategic placement, offline offering, and online offering. The IPO price was set at CNY 21.77 per share, with a total of 54,776,667 shares issued.
Established in 2006 and headquartered in Liaocheng, Shandong, GEB is the largest domestic manufacturer of bearing cages. It holds several prestigious titles, including "Little Giant" enterprise, a national-level single champion in manufacturing, and a national high-tech enterprise.
GEB focuses on research and development, production, and sales of bearing cages and automotive core components. Leveraging precision stamping technology and a range of processes such as laser cutting, CNC precision machining, injection molding, and precision casting, its products are widely used in high-end equipment sectors including rail transportation, automotive, CNC machine tools, wind power generation, construction machinery, machinery, new energy vehicles, and household appliances.
In the bearing cage business, GEB supplies leading bearing manufacturers both domestically and internationally, including SKF, Schaeffler, NSK, Tianma Bearing（天马轴承）, Luoyang Bearing（洛阳轴承）, and Newstrong（Xinqianglian Slewing Bearing）. In the automotive precision components business, it provides products to mainstream automakers such as NIO（蔚来）, Great Wall Motor（长城汽车）, as well as globally renowned automotive parts suppliers like Magna,Hanon,Borse,Jtekt,Valeo, Aisin, and BorgWarner.
According to data from the China Bearing Industry Association（中国轴承工业协会）, the global bearing market reached USD 118.7 billion in 2021, with the Chinese bearing market reaching CNY 227.8 billion. In terms of market size and revenue, China has become the world's third-largest bearing manufacturer.
Notable global bearing companies include SKF, Schaeffler, NTN, Timken, and IKO, while prominent Chinese bearing firms include ZWZ（瓦房店轴承）, Sinomach Precision Industry（国机精工）, LYC （洛阳LYC轴承）, and HBR（哈尔滨轴承）.
Benefiting from the rapid growth in the sales of new energy vehicles, it is expected that the Chinese bearing industry will experience further expansion.
GEB's IPO proceeds will be allocated to six major projects, including the intelligent manufacturing upgrade of high-end precision bearing cages, marketing network construction, the establishment of a high-precision bearing cage technology R&D center, intelligent production of key automotive precision components, and a technical research center for automotive precision stamping components.