On August 25th, Ningbo TIP Rubber Technology Co., Ltd. (SHA: 605255), which is from "China (Ninghai) Automobile Rubber Parts Industrial Base", was listed on the Shanghai Futures Exchange.

The number of IPO shares is 33.52 million, and the issue price is RMB 12.66 per share. It reached the daily limit on the first listing day. The net amount of funds to be raised is approximately RMB 362.16 million yuan, which will be used in the construction of medium-pressure and high-pressure rubber hose production base, the innovative capacity for automobile lightweight pipefittings, and the construction of assembly production lines.

TIP was established in 2009, mainly engaged in the R&D, production and sales of parts and assemblies of automotive polymer fluid piping systems and sealing system. The main customers include Nissan Investment, Dongfeng Nissan, Kurashiki, Jiangling Motors, Inrigat, Bondi, etc. In addition to the automotive field, its customer also includes internationally renowned engineering machinery manufacturers such as Kubota.