Triangle on Strong up 147.3 percent the first day of hurricane Guoxin Ping asset

Technology Co., Ltd. (002383, hereinafter referred to as "Triangle on Strong") on April 2 small plates in the success of the Shenzhen Stock Exchange listed, listed on the first day intraday 92.88 yuan, to close at 91.50 yuan, representing an issue price of 37 yuan rose as high as 147.3 percent.

Listed on the first day under the closing price on Strong Triangle's largest shareholder, chairman Guo Xinping personal assets surged to 4.955 billion yuan. In addition, the recent interest in the Triangle thinking Zhuang Yao Ming's fourth-largest shareholder held shares of the Company, its listing on the first day of the book market has reached 61.7625 million yuan.

It is understood that the company placing the freezing of funds under the IPO net 32.39 billion yuan, up over-subscribed 145.9 times; online placing frozen funds 225.2 billion yuan, up 254 times over-subscribed, all small plates and record the recent GEM high. Actual and fund-raising 1.11 billion yuan, compared with plans and fund-raising 469 million yuan higher than 641 million yuan.

Triangle after more than ten years of accumulation on Strong technical reserves include GPS, Compass, GLONASS and multi-positioning navigation system hardware, software and various algorithms have a satellite navigation receiver, including RF, baseband signal processing, satellite navigation message processing core technology, has 12 patents, some of the core technology has reached world advanced level. R & D of GPS / Compass / GLONASS (the Russian Global Navigation Satellite System) triple timing equipment and GPS / Compass / GLONASS satellite triple users machine, fill our compatible system of satellite navigation applications, blank, in the satellite navigation industry leading position.

As the industry and products are unique, UCO on Strong long-term "hidden" in the public eye, only the endorsement of the civilian car navigation Yao brand "Any time I visit" is familiar. In recent years, as China's independent global satellite navigation system "Compass program," the gradual implementation of the depth of participation in the program and made many technological breakthroughs in the Triangle on Strong, was the profession of public concern. The successful listing of China's indigenous satellite navigation giant has finally surfaced.

With the rapid increases in auto coverage and the "Big Dipper plan" a large-scale implementation of the next five years, China's satellite navigation and positioning industry will usher in high-speed, cross-type growth, the overall market size in 2009 55 billion yuan, 2011 market size will be more than 100 billion yuan in 2015 will reach 300 billion yuan, becoming an important new economic growth point. To the civilian market, for example, by the end of 2009, new car consumption in China more than 13 million, ranked first in the world, and the market size will be 30%? 50% rate, according to Europe and the United States and Japan, an average of 70% of the car navigation rate inference system installed, the Chinese car navigation market capacity of at least 75,000,000,000 yuan. As the first company into the satellite navigation industry, Union has made on Strong first-mover advantage, will help China become the navigation industry in Europe, North America, the world's third pole after. Stock issuance and public listing, means that truly the core technical capabilities of industry leaders turned on the run.

Prospectus shows, Union and fund-raising on Strong main orientation of this three areas: data collection of existing satellite navigation terminal products and system expansion, technological innovation projects, multi-functional satellite navigation system, emergency equipment compatible with new product development, and car satellite navigation and intelligent information systems, the company will in Xi'an, Beijing, Shanghai, expansion of production and R & D base, the project is put into production, annual sales income is expected to be 1.1 billion, the additional annual profit of 199 million yuan.

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