Tianrun crankshaft opened the first day price of 21.25 yuan, the highest price of 21.77 yuan, the lowest price of 19.64 yuan, the closing price of 19.90 yuan, turnover rate of 71.71%, up 42.14%, turnover of 704 million yuan. Tianrun Crankshaft Co., Ltd. is a manufacturing enterprise with the "Cheng" brand engine crankshaft as its leading product. The products cover hundreds of crankshafts such as heavy-duty trucks, medium-duty trucks, light trucks, and passenger cars. Its "Tian" brand crankshafts are currently available. Become the most influential brand in China's crankshaft industry. The Tianrun Crankshaft Co., Ltd. stock code referred to as 002283 was used for the Tianrun Crankshaft Co., Ltd. in Shenzhen Small and Medium Sized Boards. The online issuance and online issuance are combined, and the CSRC approves that no more than 60 million shares will be issued. Among them, 12 million shares were placed under the net inquiry to the placing target, and 48 million shares were issued online to public investors. The issuance price was 14 yuan per share, and the corresponding price-earnings ratio was 33.33 times. The total amount of funds raised was 840 million yuan. Tianrun crankshaft has become the company with the largest amount of funds raised in the city for the first time. It is understood that as the largest professional crankshaft manufacturer in China, Tianrun Crankshaft will raise funds mainly to invest in 4 projects including the Xichai heavy truck crankshaft production line and the Cummins heavy truck crankshaft production line. After the project is put into production, Tianrun Crankshaft will increase its net profit by 110 million yuan each year to achieve the goal of doubling production and sales within two to three years and doubling profits, further consolidating current industry-leading market position.
An extruder machine is a device that is used to create a continuous flow of a particular material, such as plastic or metal, by forcing it through a die of a specific shape. The machine operates by using a motor to turn a screw inside a heated barrel, which melts and mixes the material. The molten material is then forced through the die, which shapes it into a specific form. Extruder machines are commonly used in the manufacturing of products such as pipes, tubes, and plastic films.
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At 9:30 a.m. on August 21, with a loud bell, Tianrun Crankshaft Co., Ltd.'s stock was announced to be listed on the SME Board of the Shenzhen Stock Exchange. This is the first listed company in Weihai after the reopening of new shares, and it is also the first listed company in Shandong Province. It is also the company with the largest amount of funds raised in the initial listing in Shandong. At this point, four companies in Shandong have successfully landed Shenzhen SME Board. Sun Shutao, deputy secretary of the municipal party committee and mayor, attended the stock listing ceremony of the day. 
