ZWSOFT Announces Launch of Initial Public Offering
GUANGZHOU, CHINA: March 11, 2021 – ZWSOFT CO., LTD. (Guangzhou), a reliable and innovative engineering software provider, today announced the initial public offering of its Class A common stock. The shares now trade on the Shanghai Stock Exchange STAR Market (Science and Technology Innovation Board) under “688083”.
In celebration of its recently completed initial public offering (IPO), the SSE opening bell has been rung at 9:30 a.m. (GMT+8). Truman Du, CEO of ZWSOFT, was joined by Guangnan Ni (Academician of the Chinese Academy of Engineering), Ailin Diao (Deputy Secretary-General of the Guangzhou Municipal Government), Zhiming Lao (Chairman of Huatai United Securities), and members of the ZWSOFT team for the ceremony.
Figure 1. ZWSOFT is now listed on the SSE STAR Market
A Recognition of the Self-Developed All-in-One CAx Technologies
ZWSOFT has been specializing in engineering software for 23 years. Through exploration and innovation, ZWSOFT has been catering to the market demands with its core technologies and products featuring “self-developed 2D CAD, 3D CAD/CAM, multidisciplinary (electromagnetic, structural, etc.) CAE simulation”. The products and services of ZWSOFT have been recognized by renowned companies worldwide, such as Deltamarin Poland, CH. Karnchang, and Dragados Offshore.
So far, ZWSOFT has formed an R&D system consisting of 2D/3D/CAE R&D centers, R&D middle office, and ZW Institute. With more than 400 members, the ZWSOFT R&D team is fully capable of developing core algorithms, platform software, and vertical applications. It is also equipped with capabilities of researching, tackling key issues in, and innovating advanced CAx technologies in the long term.
“The STAR Market has higher requirements for the competitiveness of enterprises in terms of technology and innovation, while boosting the development of high-tech enterprises,” Truman Du declared, “The IPO is a strategic step in our development and a new starting point for our progression. It allows ZWSOFT to take engineering software to the next level on a bigger platform.”
Figure 2. The bell-ringing ceremony
Integrating Technologies and Capital to Expedite the Integration of CAx
“Engineering software involves a wide range of areas, is highly specialized, and takes immense resources and a very long time to develop. Therefore, we need to bring the power of different parties together to make breakthroughs in a short period.” Truman Du believes that to perfect engineering software, ZWSOFT should not only adhere to independent R&D and innovation, but also rely on resources of the value chain to build a sustainable and win-win ecosystem.
Ever since its establishment, ZWSOFT has been relentlessly iterating its own CAD/CAM/CAE platform products as well as strengthening the APIs and expanding the ZWSOFT developer network to work jointly with experienced software developers and better serve the industries. Meanwhile, ZWSOFT has been actively exploring new methods of collaboration and established a global reselling channel network to provide users with professional software and localized services.
“ZWSOFT will live up to the expectations of the capital market and strive to make solid independent R&D and upgrade engineering software. In the future, ZWSOFT will build on the self-developed Overdrive kernel and accelerate the creation of an all-in-one CAx platform for the whole process of design, simulation, manufacturing, and construction. At the same time, we will invest heavily in building a sustainable and win-win ecosystem to lead the development of engineering software and contribute to industrialization worldwide,” Truman Du concluded.
Figure 3. Memorabilia of IPO were exchanged
ZWSOFT CO., LTD. (Guangzhou) is a reliable and innovative engineering software provider with its flagship products ZWCAD and ZW3D. Committed to providing complete and seamless user experience to worldwide users with its all-in-one CAx solutions, ZWSOFT has continuously satisfied the diverse needs of various industries such as AEC and MFG. With over 20 years’ experience in the industry, its products and service have been proven by over 900,000 clients across 90 countries.