Industrial glass maker enters Beijing Stock Exchange
2024-03-26 19:03:45
By Tan Maolin, Yichang International Communication Studio
On March 25, Hubei Gabrielle-Optech Co., Ltd. went public on the Beijing Stock Exchange. Gabrielle is the first listed company from Zigui County and 18th from Yichang.
<caption>Listing ceremony of Hubei Gabrielle-Optech Co., Ltd.
Gabrielle sold at 10 yuan (US$1.39) per share at the initial public offering, which raised about 200 million yuan proceedings. The fund will be used for the expansion of special high-definition imaging optical glass materials, the construction of the optoelectronic materials R&D center and the replenishment of working capital.
As a high-tech enterprise, Gabrielle is engaged in the R&D, manufacturing and sales of optical glass and special functional glass materials. The products are used in a variety of fields, including vehicle lenses, optical instruments, photo and video cameras, intelligent car lights and high-end handicrafts.
Formerly known as Zhongyi Optical Glass Factory, it has been the leading manufacturer of high-end crystal glass materials in China. Beginning the development of optical glass in 2011, they now have the third largest market share for optical glass products in China.
In 2023, the company’s revenue hit 808 million yuan, nearly 90 percent higher than the year prior, of which 517 million yuan came from special functional glass. Net operations profits reached 125 million yuan, up more than 211 percent year-on-year, according to the company's annual report.
On March 25, Hubei Gabrielle-Optech Co., Ltd. went public on the Beijing Stock Exchange. Gabrielle is the first listed company from Zigui County and 18th from Yichang.
<caption>Listing ceremony of Hubei Gabrielle-Optech Co., Ltd.Gabrielle sold at 10 yuan (US$1.39) per share at the initial public offering, which raised about 200 million yuan proceedings. The fund will be used for the expansion of special high-definition imaging optical glass materials, the construction of the optoelectronic materials R&D center and the replenishment of working capital.
As a high-tech enterprise, Gabrielle is engaged in the R&D, manufacturing and sales of optical glass and special functional glass materials. The products are used in a variety of fields, including vehicle lenses, optical instruments, photo and video cameras, intelligent car lights and high-end handicrafts.
Formerly known as Zhongyi Optical Glass Factory, it has been the leading manufacturer of high-end crystal glass materials in China. Beginning the development of optical glass in 2011, they now have the third largest market share for optical glass products in China.
In 2023, the company’s revenue hit 808 million yuan, nearly 90 percent higher than the year prior, of which 517 million yuan came from special functional glass. Net operations profits reached 125 million yuan, up more than 211 percent year-on-year, according to the company's annual report.
