According to the notice of the Shenzhen Stock Exchange, the RMB common stock of Huizhou Huayang Group Limited Ltd in Guangdong province was listed on the small and medium board of Shenzhen Stock Exchange in October 13, 2017. Securities referred to as "Huayang Group", the securities code "002906"". The total number of RMB common shares of the company is 473100000 shares, of which the initial public offering of 73100000 shares began trading since the date of listing.



 
 
 
According to reports, Huayang Group is one of China's large automotive Denso enterprises, is a well-known industry precision electronic components enterprises. After more than 20 years of accumulation, Huayang has the core technology and strong system integration ability in the four major business, has the independent factory automation (FA) ability and the high level of lean manufacturing. The company established a research and development institutions - Huayang Industrial Research Institute, around the market demand for continuous innovation, and gradually establish a core competitiveness based on independent intellectual property rights, and well-known institutions of higher learning and international well-known companies to establish a close technology and business Partnership. The company has formed to automotive electronics, precision electronic components, precision die-casting, LED lighting four business-oriented enterprise groups.
 
Insiders pointed out that at present, automobile electronics has become the most important basis for supporting the auto control system, with the new energy vehicles, unmanned vehicle systems, information technology is increasingly mature, the automobile industry in the future will follow the intelligent network and the electronic depth direction. In the automotive electronics industry in the period of rapid development, the future industry integration and concentration of ascension, Huayang Group after listing will have more room for expansion.
 
In addition in the emerging industry, Huayang Group is the fifteenth IPO enterprises by CSC group since 2016, and it is also currently the largest scale and the longest period investment case in China venture capital fund industry. It took 6 years to IPO.       
Brokers pointed out that Huayang Group issued the price of 13.69 yuan / share, the issue price earnings ratio was 22.98 times. According to the current automotive electronic industry 30-45 times PE earnings valuation, you can roughly calculate, CSC group related funds will achieve several times return, this income is expected to be reflected in the future financial investment in the sector.