On the morning of March 8, 2024, Fujian Tietuo Machinery Co., Ltd. (stock abbreviation: Tietuo Machinery, stock code: 873706) was successfully listed on the Beijing Stock Exchange, with the listing ceremony held grandly in Quanzhou.
The ceremony was attended by Zhang Yi, Secretary of the Quanzhou Municipal Committee and Director of the Standing Committee of the Municipal People's Congress; Xiao Hanhui, Secretary of the Quanzhou Municipal Committee of the Chinese People's Political Consultative Conference; Huang Jingchun, Standing Committee Member and Executive Vice Mayor of Quanzhou; Yan Liming, Secretary of the Luojiang District Committee; Guo Ning, District Chief of Luojiang District Government; Zhang Hao, Member of the Party Committee and Vice General Manager of Zhongtai Securities Co., Ltd.; Chen Deqing, Secretary of the Party Leadership Group of the Quanzhou Financial Bureau; Xu Yue, Director of the Quanzhou Financial Bureau; Li Dexiong, Director of the Quanzhou Market Supervision Administration; Hong Dongqing, Party Secretary and Chairman of the Quanzhou Transportation Development Group; Liu Xiaoning, Third-Level Researcher of the Quanzhou Industry and Information Technology Bureau; Tu Dewang, Executive Vice District Mayor of Luojiang District Government; Zhao Dejian, Vice President of Shandong Jiaotong University; Tong Yigong, Chief Partner of Huaxing Accounting Firm; Zeng Liping, Sponsoring Representative of Huaxing Accounting Firm’s Shanghai Investment Banking Headquarters; Lin Baoming, Director of the Huaxing Accounting Firm’s Management Committee; Zheng Jianling, Chairman of Tianheng Jianling Road and Bridge Engineering Technology Co., Ltd.; Liu Jiansheng, Partner and Xiamen Branch Director of Huaxing Accounting Firm; Lin Hui, Partner at Tianheng Law Firm; Sun Liping, President of China Merchants Bank Quanzhou Branch; Huang Songchang, former Deputy Chief Engineer of the Ministry of Communications Highway Research Institute; Li Huizhong, General Manager of Beijing Municipal Road and Bridge Material Group Co., Ltd.; and leaders, partners, and friends from all walks of life who witnessed the bell-ringing ceremony for Tietuo Machinery's listing on the Beijing Stock Exchange.
At the listing ceremony, Yan Liming, Secretary of the Luojiang District Committee, delivered a speech. She noted that as an outstanding local private enterprise in Quanzhou, TTM is an active practitioner of the national carbon peak and carbon neutrality goals. The successful entry into the capital market marks a significant transformation for Tietuo Machinery. The past achievements are a foundation for the future, and the company should embark on a new journey with greater determination and perseverance. The listing is a new starting point, and Tietuo Machinery should use this opportunity to contribute to the new round of high-quality development in Quanzhou and repay society with even better results.
Zhang Hao, Member of the Party Committee and Vice General Manager of Zhongtai Securities, stated during the ceremony that Tietuo Machinery, with twenty years of deep industry engagement, has become a respected and influential overall solution provider for traffic engineering equipment. As TTM’s sponsor, Zhongtai Securities is honored to have accompanied the company through its development and listing process and looks forward to continuing to work closely with Tietuo Machinery and provide excellent capital market services.
Wang Xiren, Chairman of TTM, expressed sincere respect to all levels of government, partners, and Zhongtai Securities and the Beijing Stock Exchange, who have supported and guided the company throughout the listing process. Chairman Wang stated that TTM will always adhere to a market-oriented approach, continuously pursue product and technological innovation, and strive to become a service provider for the entire lifecycle of asphalt mixture technology, from production to recycling, winning the trust of customers and investors with the core value of "creating maximum value for customers" and contributing more to society.
Spring rain nurtures growth, and brilliance shines upon the fields; after twenty years of hard work, harvest time has come! Founded in 2004, Fujian Tietuo Machinery Co., Ltd. has always focused on the research, development, production, and sales of asphalt mixing equipment and its supporting equipment, primarily used for asphalt pavement construction and maintenance in various transportation infrastructure projects such as highways, roads, airports, and ports. The company has established a comprehensive product system, including asphalt mixing equipment, hot mix asphalt recycling equipment, RAP flexible crushing and screening equipment, and aggregate shaping and sand-making equipment. TTM continues to innovate in areas such as equipment large-scale production, energy-saving and environmental protection, and intelligence, and has developed technologies and products such as low-temperature mixing, counterflow heating, and continuous mixing. The "Hot Mix Asphalt Recycling Equipment" has been recognized as a national "Manufacturing Industry Single Champion Product."
The funds raised from this listing are planned to be invested in two projects: intelligent production construction and the R&D center for asphalt equipment. The intelligent production project will plan and layout an intelligent factory, create an intelligent manufacturing production line for asphalt mixing equipment, and establish an intelligent storage system. It will also upgrade the MES system and industrial internet smart systems to achieve intelligent interaction, agile supply, and smart decision-making, improving the company's production automation and intelligence levels, enhancing flexible manufacturing capabilities, and further strengthening the supply capacity of asphalt mixing equipment to meet the growing order demands. The R&D center project will build a new R&D testing building, establish professional laboratories and engineering design centers, introduce advanced R&D and testing equipment, further optimize the R&D software and hardware environment, and strengthen the technical R&D team by recruiting high-end talent and improving the R&D system. Additionally, the company will conduct in-depth research on topics such as large integrated machines and high-recycling ratio equipment based on industry trends and customer needs, further enriching the company's technological reserves.
Tietuo Machinery's listing is not only a significant milestone in the company's development but also a major event for the development of Quanzhou's private economy. The listing not only brings value to TTM but also paves the way for the company to access the global resource network and build a world-class enterprise.
TTM has always been an important participant in promoting the standardization of the domestic asphalt mixing equipment industry. The successful deployment of the company’s equipment in many high-standard demonstration projects both domestically and internationally has earned the company a high market reputation and established a significant brand advantage. After the listing, Tietuo Machinery will further enhance its market competitiveness through capital operations and provide strong support for the company’s long-term development.
With vigorous strides and determined efforts, TTM will use this grand stage of the Beijing Stock Exchange to achieve industrial upgrades, continuously improve technological innovation capabilities, embark on a path of high-quality product development, and help Chinese manufacturing advance to Chinese intelligence, offering more excellent "Chinese innovation" products and solutions globally.
This is a moment of great leap for TTM. On the future journey, the company will continue to focus on core technologies and products, adhere to professional operation strategies and international development strategies, enhance digitalization and intelligence levels, forge ahead, and embrace a bright future. As a new starting point, TTM will bear greater social responsibility, give back to society, and investors, contribute to the local economy, provide value to partners, and create returns for investors. The company will adhere to the principles of supervision by the CSRC, Beijing Stock Exchange, and investors, regulate operations, develop healthily, and steadily advance, further leveraging the capital market platform to inject Tietuo Machinery’s strength into the progress of the economy and society!
