Auto parts maker JAPHL Powertrain lists in Beijing at RMB30.7 per share

What's the deal? JAPHL PowertrainDealroom has a profile for this one. Try Dealroom → debuted today on the Beijing Stock ExchangeDealroom has a profile for this one. Try Dealroom → under stock code 920269, pricing its offering at RMB30.7 per share. The listing carries a price-to-earnings ratio of 12.98.

What's the endgame? The company designs, develops, and manufactures components for the automotive sector. Its range spans intake and exhaust systems, key engine parts including VVT phasers and solenoid valves, key transmission parts, and key intake-system components for fuel cells.

The signal: The move onto the Beijing Stock Exchange gives a specialist supplier a public platform as automakers keep shifting toward electrification and fuel-cell technology — segments the company already targets with its parts business.

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