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New Stock: TOPSCOMM Listed for Transaction Instantaneously Rose by 44% Oct 20,2016

----NetEase Finance

11th, October: New stock TOPSCOMM (Code: 603421) listed in the Main Board of Shanghai Exchange Stock today. The stock opened higher and instantaneously rose by 44% on the 1st day.

TOPSCOMM: Issue price of 14.02 CNY, P/E ratio of 22.99 times. Issued shares number is 43.40 million shares, accounts for 10.01% of the total share capital, are all publicly issued new shares.


TOPSCOMM LISTED IN SHANGHAI STOCK EXCHANGE


【Company Profile】

The main business of Topscomm includes low voltage PLC (power line carrier) communications products’ development, production, sales and service. The products are including low voltage PLC communication module (including chips), data acquisition terminal equipment etc., which are mainly used in the smart grid power electricity collection system. The core products of low voltage PLC communication chip is integrated in the carrier module, and assembled in the smart energy meter, data collector, data concentrator and other acquisition terminals, finally achieve automatic meter reading through PLC communication. Meanwhile, relying on independent research and development of PLC communication technology, the company further developed  the energy meter, private data acquisition terminal product lines etc., and actively expand the new technology applications, cultivate new profit growth point. In addition to PLC communication technology, the company is also active in bus communication technology research and development, has successful developed a series of fire alarm & control system equipment.

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