Recently, Pulin Chengshan (Cayman) Holdings Co., Ltd. submitted an IPO prospectus to the Hong Kong Stock Exchange for the listing of the Main Board and BOC International Asia Limited as its sole sponsor.

In the listing application, the company detailed its business, product advantages, and multiple risks in its operations.

The company said that it has a strict quality management system and production management system, is committed to technological innovation, has a senior, stable management team, and has been supported by China National Heavy Duty Truck.

In addition to China, its products are sold to more than 130 countries through about 150 dealers, and sales in the supporting market and replacement tire market are very strong.

In addition, Pulin Chengshan highlighted that fluctuations in raw material prices may have a material adverse effect on its business, financial and operating results.

Regarding the future strategy, the company proposed the following five points:

First, strengthen its position in the all-steel radial tire market and continue to expand its business in this area;

Second, enhance global influence and grasp the growing opportunities in the tire industry;

Third, increase brand portfolio, brand awareness and brand influence;

Fourth, strengthen research and development capabilities and carry out technical reserves;

Fifth, take environmental protection measures and upgrade production equipment and processes.

It is understood that Pulin Chengshan (Shandong) Tire Co., Ltd. is an indirect wholly-owned subsidiary of Pulin Chengshan (Cayman) Holdings Co., Ltd.

Subsequently, the company acquired 100% of Hong Kong Pulin Investment Co., Ltd. for US$75,000 and assumed all of its assets and liabilities.

Mobile Shelving Unit

Mobile Shelving Unit is that can be moved on tracks'. The installation of running wheels at the bottom of the shelves has the greatest advantage of improving space utilization, as a group of shelves only requires one passage. Mobile Shelving have the following characteristics: suitable for warehouses with high cost per unit area, such as cold storage, explosion-proof warehouses, etc; No chain transmission, more energy saving, and more reliable structure; mobile Shelving can be either electric or manual, making them more flexible and convenient. Mobile Shelving Unit can be divided into open mobile shelving and closed mobile shelves. The transmission mechanism of open mobile shelves is located in the base of the shelves, and the operating panel is located at the end of the shelves, with a simple appearance and convenient operation. There are safety branching switches at the front and back of the shelves, which immediately stop the entire shelf when encountering obstacles. Closed mobile shelves, when there is no need to access goods, all shelves are closed and can be fully locked after being moved together. Rubber seals are installed at the interfaces of each shelf, also known as enclosed shelves. Mobile shelving have the following advantages: mobile shelving move along tracks, so usually a group of shelves only requires one channel. This greatly increases the usage area of the warehouse, and the ground usage rate can reach 80%. This is a storage capacity that other types of shelves cannot reach, which is much larger than regular fixed shelves, saving space; Suitable for the storage of small samples and large quantities of low-frequency items. Items with few types of goods, large quantities, and low frequency of use; Can directly access every item of goods, without being limited to first in, first out; The storage capacity per unit area can be increased to about twice that of pallet shelves.Most of the medium, low, and high level warehouses in this type of warehouse use forward moving battery forklifts, balanced weight battery forklifts, and three-way forklifts for storage and retrieval operations. The space utilization rate of the shelf system is high. Flexible and convenient access. Accompanying with computer management or control can basically meet the requirements of modern logistics systems.

Widely used in manufacturing, third-party logistics, and distribution centers. It is suitable for both multi variety and small batch items, as well as for small variety and large batch items. This type of rack is most commonly used in high-level warehouses and super high-level warehouses (most shelves in automated warehouses use this type of rack).

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