Hunan Zhongke Electric

Hunan Zhongke Electric Co., Ltd. researches, develops, produces, and sells electromagnetic metallurgy products in China and internationally. Its offerings include electromagnetic stirrers, tundish induction heating systems, lifting electromagnets, cable drums, magnetic separators, and induction heating systems. These products are mainly used in steel, non-ferrous metallurgy, rail transportation, scientific research institutions, mines, ports and docks, and the marine military industry. The company also exports to Canada, Brazil, Turkey, Russia, India, Thailand, Indonesia, and Iran. It was formerly known as Yueyang Zhongke Electric Co., Ltd., was incorporated in 2004, and is based in Yueyang, China.

Electrification & Mobility▲

Zhongke Electric Plans Private Placement to Raise Up to 2.4 Billion Yuan

Zhongke Electric announced that it plans to issue A-shares to specific investors, raising total proceeds of no more than 2.4 billion yuan. After deducting issuance expenses, 1.8 billion yuan will be used for the integrated construction project of Sichuan Zhongke Xingcheng with an annual output of 300,000 tons of lithium battery anode materials, and the remaining 600 million yuan will be used to supplement working capital.

300035.CS ▲

Electrification & Mobility Critical Materials & Supply Chain

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