- 2024,04,27
Cheng Yi Pharmaceutical rose to its highest limit on the first day of listing, rising 43.97% to 22.69 yuan. The company's total market value exceeded 1.933 billion yuan on the first day.
Zhejiang Cheng Yi Pharmaceutical Co., Ltd., a 50 year old "Shinise" pharmaceutical enterprise, was officially listed on the Shanghai Stock Exchange at 9:30 a.m. on the 15th. The company is from Dongtou District of our city, and it is also the only listed pharmaceutical company. It is understood that there are currently 20 listed companies in Wenzhou.
As the first listed company in Dongtou District, Zhejiang Cheng Yi Pharmaceutical Co., Ltd. performed well on the first day of the securities market. When it opened at 15.76 yuan, it quickly rose to the upper limit of the first day of listing, up to 43.97%, with a share price of 22.69 yuan. According to this calculation, the total market value of Cheng Yi Pharmaceutical has reached 1.933 billion yuan.
The chairman of the company, Yan Yiyi, stated that after the company goes public, it provides greater space for the development of the enterprise, and the company's funds will be more abundant. Next, the company will increase its research and development of new drugs, investing at least 210 million yuan in new drug development and production process technology transformation during the 13th Five Year Plan period, so that the company's business will shift from being mainly based on raw materials to mainly based on preparations.