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Author: Ma Haijie

Zhen'an Technology suffered its first loss in 2023, five years since its listing. Its main business is the research and development, production and sales of seismic isolation products.

Started with seismic isolation bearings

Zhen'an Technology Co., Ltd. was established in 2010 and completed its share reform in 2014. Its largest shareholder is Beijing Huachuang Sanxin Investment Management Co., Ltd., and its actual controller is Li Tao, the current chairman of Zhen'an Technology.

Zhen'an Technology was listed on the Shenzhen Stock Exchange on March 29, 2019, issuing 20 million shares and raising a total of 380 million yuan, mainly used to transform its original seismic isolation product production line.Its stock price reached its highest point on August 30, 2021, at 105.63 yuan per share (before readjustment), and closed at 8.33 yuan per share on August 7, 2024, down 92.1% from its historical high.

In March 2021, Zhen'an Technology issued convertible corporate bonds, raising a total of 290 million yuan to build a new seismic isolation product manufacturing base in Kunming Airport Economic Zone. In September 2022, Zhen'an Technology issued 4.569 million shares to Fuguo Fund Management Co., Ltd., raising a total of 250 million yuan for damper manufacturing projects and R&D center construction projects.

Zhen'an Technology is one of the earliest companies in China to develop seismic isolation products. Before 2016, more than 90% of its revenue came from seismic isolation bearings.Since 2017, Zhenan Technology has gradually expanded into the market for shock-absorbing products and increased the production and sales of energy dissipation dampers, which accounted for 10.3% of its revenue in 2017, an increase of 8.9 percentage points from the previous year. From 2017 to 2023, the proportion of its revenue from energy dissipation dampers will gradually increase, reaching 27.1% in 2023.