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 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.
Originally published at https://equalocean.com.