Hefei Jiang Hang's Sci-Tech Innovation Board IPO has been accepted
On November 21, 2019, Hefei Jiang Hang Aircraft Equipment Co., Ltd. (hereinafter referred to as "Hefei Jiang Hang")'s IPO application for the STAR Market was accepted by the Shanghai Stock Exchange. This is another project invested by China Zhongji Investment that has been accepted by the STAR Market since its launch this year, following Jingyuan Environmental Protection.
Located in the Aviation Industry Park of Hefei City, Anhui Province, Hefei Jiang Hang is a large-scale military-civilian integrated aviation high-tech enterprise affiliated with the Aviation Industry Corporation of China. It is China's only specialized R&D and manufacturing enterprise for aviation oxygen systems and the largest R&D and manufacturing base for military aircraft auxiliary fuel tanks in China.
Hefei Jiang Hang's business covers military aviation, civil aviation, non-aviation defense, non-aviation civilian products, and services. It mainly undertakes the R&D and manufacturing of aviation equipment such as aviation oxygen systems, airborne fuel tank inerting protection systems, and aircraft auxiliary fuel tanks for various aircraft models in China. The company has mastered world-leading onboard oxygen generation and airborne fuel tank inerting protection technologies, which have established a high technical barrier for the company.
With the further strengthening of military-civilian integration, a new situation of reform and asset securitization of military-industrial state-owned enterprises has emerged. Under the resonance of the "growth + reform" logic of military industry, the future of Hefei Jiang Hang will be clearer.
Background Information
In June 2018, China Zhongji Investment participated in the Series B financing of Hefei Jiang Hang. High-end equipment manufacturing and military-civilian integration are one of the key areas that China Zhongji Investment focuses on. Currently, it has invested in projects such as Hefei Jiang Hang and Blue Arrow Aerospace.
