Guiyang enterprise one step closer to going public

Guiyang Yongqing Instrument and Electronics Technology Co, a subsidiary of State-owned Guiyang Industrial Investment Co, completed its shareholding system reform on Oct 9 and changed its name to Guiyang Yongqing Intelligent Control Technology Co, marking another key step on the road to going public.

The Guiyang municipal government has been committed to developing its industrial sector and supports companies like Guiyang Yongqing in their efforts to go public. Established in 1965, Guiyang Yongqing is a high-tech enterprise specializing in engineering machinery monitoring systems, automation instruments, and low-voltage electrical products.

In recent years, the company has continuously integrated information technology and production techniques, established smart factories, independently developed multiple products, and obtained certifications as a national green factory and a national "Little Giant" enterprise specializing in a particular industry. In 2019, it was designated as a pilot enterprise for mixed ownership reform by the State Council.

The company has been driving technological innovation to further develop domestic chip production. It has been actively exploring applications of big data and intelligent manufacturing, constructing digital production lines, as well as undertaking digital and intelligent factory transformation through various forms of technological cooperation.

With its technical center as the foundation, Guiyang Yongqing has established an electrical control engineering technology research center and a national-level postdoctoral research workstation. It has received multiple technology awards and patents, becoming an important enterprise in the engineering machinery supply chain.