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Zhejiang Walrus New Material Co Ltd

chinadaily.com.cn| Updated : Oct 10, 2020

Founded in 2013, Walrus is one of China's leading PVC floor suppliers and exporters. Its products are eco-friendly, recyclable, wearproof, waterproof, and boast anti-skidding features. They are popular in the United States, Germany, the United Kingdom, and other countries in Europe and the Americas.

In 2019, Walrus' operating revenue totaled 859 million yuan, and its net profit was 138.32 million yuan.

The company boasts strong independent research and development capabilities and advanced technology. It owns 17 patents, including five patents for inventions.

On Sept 30, 2020, the company went public on the Shenzhen Stock Exchange, making it the seventh company in the city to be listed that year.

The initial offering price for Walrus, stock code SZ.003011, stood at 38.67 yuan ($5.77) per share, and the company raised 709 million yuan on its first day of trading, which will be used for projects involving PVC floor manufacturing and the establishment of a research center. It will also be used as working capital.

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Jiaxing-based Zhejiang Walrus New Material Co Ltd goes public on the Shenzhen Stock Exchange on Sept 30. [Photo/cnjxol.com]