On July 24, the initial public offering application of Jiangsu Fangyi Friction Materials Co., Ltd. for listing on the Beijing Stock Exchange was officially approved upon review. This high‑end manufacturing enterprise, rooted in Yancheng for more than a decade, is about to embark on a new journey in the capital market.
Founded in 2010, Fangyi Co., Ltd. specializes in the R&D, production and sales of disc brake pads and drum brake shoes. The company has independently mastered over 80 formulations for friction materials, developed more than 3,000 types of disc brake pads and over 1,600 types of drum brake shoes, and holds 52 patents including 17 invention patents. It also operates a provincial‑level engineering technology research center and a national‑level CNAS‑accredited laboratory. Backed by solid technical strength, its products have obtained authoritative international certifications such as EU E‑Mark and US AMECA. Sold to many countries and regions across the globe, they have earned sound brand reputation both at home and abroad.
As a national‑level “Little Giant” enterprise specializing in sophisticated, specialized, unique and innovative production, Fangyi Co., Ltd.’s long‑term dedication to brake friction materials is highly aligned with the investment focus of Yueda Private Equity Fund on strategic emerging industries including smart manufacturing and new materials. Taking capital as the link and industry as the foundation, Yueda Private Equity Fund has provided all‑round support in capital injection, resource matchmaking and corporate governance improvement, helping the enterprise achieve the critical leap from technological breakthroughs to large‑scale development.
Going forward, Yueda Private Equity Fund will further advance the dual‑driven model of “equity investment plus industrial empowerment”. With more targeted capital input and in‑depth industrial coordination, it will inject fresh impetus into the high‑quality development of smart manufacturing and make greater contributions to the transformation and upgrading of the regional economy.
