Rayfore Heavy Industry Successfully Listed on the New Third Board

Qingdao Rayfore Heavy Industry Co., Ltd. (Stock Abbreviation: Rayfore Heavy Industry; Stock Code: 839609) has received official approval for its listing application and was successfully listed on the National Equities Exchange and Quotations (NEEQ), commonly known as the New Third Board, on December 15, 2016.

Founded on April 26, 2013, Rayfore Heavy Industry has demonstrated steady business growth. According to the company’s public announcement, its operating revenue reached RMB 4.7441 million in 2014 and RMB 32.2705 million in 2015, with net profits of RMB –144,700 and RMB 2.3437 million, respectively.

Data from iFinD (300033) indicates that Qingdao Rayfore Heavy Industry Co., Ltd. specializes in the research, development, manufacturing, and sales of special containers and container-based modular housing (steel-structured mobile housing). The company’s core products include container houses, special containers, and standard shipping containers. Rayfore has been granted eight patents issued by the China National Intellectual Property Administration.

The financial audit for this listing was conducted by Zhongxingcai Guanghua Certified Public Accountants LLP, with legal services provided by Shandong Berry Law Firm.