TH Capital portfolio company Focuslight successfully completes their IPO, confirming once again our hard-tech investment strategy
Beijing, 18 March 2022 – Earlier this week, Chengdu Lihang Technology Co., Ltd. ("Lihang Technology"), a leading domestic aviation ground support equipment company invested by TH Capital, was successfully listed under stock code 603261. A strong first day performance closed 44% above issuing price.
The integrated business system of production and research provides comprehensive services for aviation ground support
Lihang Technology is a Chinese key player in the industry for aviation and aerospace specialty equipment. The company's main products are aircraft ground support equipment such as loading and transfer vehicles, trailers and engine installation vehicles. It has become the largest private supplier of aircraft ground support equipment for key OEMs and operators in the aviation industry in China.
Following long-term research and development, Lihang Technology has built a comprehensive technology and product offering towards its customers. It provides leading solutions and proven results in the field of complex and precise electromechanical and hydraulic equipment, used as core technology of ground assistance systems and assembly systems across aircraft assembly and operation.
Unique Top-Down research capabilities as basis for superior investment performance
Based on its unique Top-Down research capabilities, TH Capital has successfully completed a holistic investment approach across the entire aviation equipment value chain. Focusing on the key links in the upstream and downstream direction of the aircraft manufacturing value chain, TH Capital has successfully invested in this value chain across various fields: in the upstream material field, it has invested in Goldsky Titanium Metal and Golden Mountain Ceramic Composites; in the midstream aviation component manufacturing field, it has invested in Future Aerospace, Triangle Manufacturing, Bei Mo Gao Ke and Guanglian Aviation. Lihang Technology is the corresponding success case in the downstream ground support segment of the aircraft manufacturing field.
About LiHang Technology
Lihang Technology offers an extensive product portfolio around the production, maintenance, and servicing of aircraft. It is a high-tech enterprise, integrating professional R&D, design, and manufacturing capabilities. The product portfolio covers aircraft ground support equipment, aircraft testing equipment, aircraft manufacturing equipment, and aircraft parts, as well as aircraft component assembly.
With a deep technology and product understanding, the company works closely with their customers and serves as a deeply integrated provider of key equipment for the Chinese aviation industry, certified according to AS9100D Aerospace Organization Quality System and all other relevant scientific research and production certificates.
About TH Capital
TH Capital is a Beijing based private equity fund investing in Advanced Manufacturing, Next Generation Technologies, and Healthcare. Since 2007, The company has been actively investing in small and medium sized companies (SMEs) in high-growth markets in China and beyond. With more than RMB 10 billion raised and a track record of over 70 successful investments, we are one of the leading growth capital funds in China. As a recognized expert in our focus industries, we are the preferred fund manager for international investors to participate in the coming decade of hard-tech growth in China.
