Liying Environmental Technology (7820) officially listed on the stock market today (22nd) at an offer price of 60 Yuan per share, marking its entry into the green energy and environmental industry.

On its first day, the stock surged 38.66% in early trading, peaking at 83.2 Yuan. Lucky investors who sold at the high could earn 23,000 Yuan for one lot.

Liying specializes in providing recycling solutions for chemical waste generated in the semiconductor industry, aiming to achieve zero waste and zero emissions as part of its circular economy goals.

Currently, Liying has factories in Pingzhen and Central Science Park, with a Southern Science Park factory set to start operations by the end of 2025. The Pingzhen factory has reached a capacity of 1,800 tons per month by the end of 2023, and the Central Science Park factory is expected to commence trial operations in the second half of 2024, initially operating at 50% of its designed capacity of 1,500 tons per month, with expectations for increasing production capacity quarterly by mid-2025.

Founded on December 30, 2003, and led by chairman Chen Junqi, Liying reported a paid-in capital of 312 million Yuan as of the end of March 2025, with consolidated revenue of 188 million Yuan and profit of 48.82 million Yuan last year, showing year-on-year growth rates of 9.3% and 70.5%, respectively.