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Source: Changhui Instruments, http://yunrun.com.cn/. On August 6, Ningbo Kelisensor Technology Co., Ltd. (referred to as “Kelisensor”, stock code 603662), a company in the instrumentation industry, was successfully listed on the main board of the Shanghai Stock Exchange, beginning its trading on the A-share market. This marked the emergence of the 7th listed company in Jiangbei and the 97th in Ningbo. According to available information, Ningbo Keli Sensing Technology Co., Ltd. is a company located in the Jiangbei Industrial Zone of Ningbo. It is a company designated as a champion in a specific manufacturing sector, and was established in December 2002. The company’s main business involves the development, production, and sales of strain sensors (primarily strain-based weighing sensors) as well as various instruments; it also provides system integration services and third-party systems for dry powder mortar. In recent years, the company has also introduced components, software, and system integration products suitable for the weighing IoT industry. As one of the leading players in the research, development, and deployment of Internet of Things solutions for weighing applications worldwide, Ningbo Kelite Sensing Technology Co., Ltd. has successfully transformed from a traditional manufacturing company into a service-oriented enterprise. It offers professional industrial weighing Internet of Things solutions, customized Internet of Things software, Kelite ERP data management systems, as well as digital factory solutions. To date, over 20,000 IoT systems have been sold. Ningbo Kelisi Sensing Technology Co., Ltd. is issuing 29.850114 million shares in its initial public offering, raising a total of 591.9278 million yuan. According to the previous prospectus, once the construction phase of the \"high-precision sensor and related high-end instrumentation production project\" funded by the raised capital is completed, it will be capable of producing 500,000 weighing sensors and 80,000 units of instrumentation per year. “Once the “Weight Measurement IoT Project” reaches full production capacity, it will be able to produce 80,000 sets of W-series IoT meters, 2,000 sets of application software and data services, as well as 1,500 sets of complete industry IoT system solutions. “The “Third-party system services project for the dry powder mortar industry” will involve the addition of 3,000 dry powder mortar tank units and 1,000 machine spraying services. Looking at the financial situation of Ningbo Kelisi Sensing Technology Co., Ltd., both operating revenue and net profit showed rapid growth during the reporting period. During the period 2016–2018, the operating revenues were 576 million yuan, 628 million yuan, and 709 million yuan respectively, while the net profits attributable to the shareholders of the parent company were 72.26 million yuan, 109 million yuan, and 141 million yuan respectively. In 2017 and 2018, the net profit attributable to the parent company increased by 49.86% and 29.67% on a year-on-year basis, respectively. Although Ningbo Keli Sensing Technology Co., Ltd. is at the forefront of the industry in China when it comes to strain sensors, weighing instruments, and weighing system integration, it is worth noting that the market in which it operates is highly fragmented and competitive. Compared with international leaders such as Vishay Measurement Group and HBM, the company still lags behind in terms of research and development capabilities, high-end products, and financial strength. To date, 6 out of the 7 listed companies in Ningbo Jiangbei are located in the Jiangbei Industrial Zone. In addition to Ningbo Kelisensor Technology Co., Ltd., other companies from Ningbo that went public on the A-share market this year include Ningbo Water Meter Co., Ltd., Ningbo Jinlang New Energy Technology Co., Ltd., and Ningbo Rongbai New Energy Technology Co., Ltd. In addition, there are 15 companies waiting to be reviewed; one company on the Science and Technology Innovation Board has had its application accepted, while 34 companies are in the guidance phase.