On June 14, the National Equities Exchange and Quotations (NEEQ) officially announced the Announcement on the Decision to Enter the Innovation Layer for the Fourth Batch in 2024 (NEEQ Announcement [2024] No. 254). Yantai Longgang Pump Industry Co., Ltd. formally entered the Innovation Layer. The layer adjustment result took effect on June 17.

The Innovation Layer is the “reserve force” nurtured by the Beijing Stock Exchange (BSE), representing the market’s potential and vitality. Longgang Pump’s successful inclusion in the Innovation Layer fully demonstrates its innovation capabilities and growth potential. This achievement affirms the company’s development strategy and results in the market.

Yantai Longgang Pump Industry Co., Ltd. was established in 2001. For over twenty years, it has focused on the research, development, production, and service of centrifugal pumps for the petrochemical industry. The company has successively been recognized as a High-Tech Enterprise, a Shandong Province “Specialized, Refined, Differential, and Innovative” SME, a Shandong Province Gazelle Enterprise, and a Shandong Quality Brand. In recent years, the company has achieved outstanding performance in the petrochemical sector. Notably, it has gained widespread customer recognition in fields such as ten-million-ton refining, million-ton ethylene, new materials, and CCUS, establishing itself as a leader in the industry.