Yantai-based Miracll Chemicals is listed on the Shenzhen Stock Exchange on July 20. [Photo/WeChat account: gh_5ec6eb206937]

Miracll Chemicals became the first company in the coastal city of Yantai, East China's Shandong province listed on the Shenzhen Stock Exchange this year on July 20. Its stock code is 300848.

Founded in 2009, Miracll Chemicals is a leading Chinese TPU manufacturer with registered capital of 50 million yuan ($7.13 million).

The company focuses on the R&D, production, and sale of thermoplastic polyurethane elastomer (TPU) products, while also providing technical services for such products.

The company has strong innovation capabilities. It boasts independently-designed production lines and independent intellectual property rights for key technologies, putting it at the forefront of the Chinese TPU industry.

The Yantai government has been encouraging enterprises to go public and released a series of supportive policies to support companies looking to do so.

Yantai currently has a total of 49 listed companies, among which 29 are listed on the Shenzhen Stock Exchange.