Yada Enterprise was founded in 1993 in Wenzhou City, then moved to Nanhu District of Jiaxing City in 2005, initially named Zhejiang Jiaxing Yada Stainless Steel Manufacturing Co., Ltd. After completed shareholding reform in 2013, renamed Yada Piping Solution Co., Ltd. The company was listed in the national SME on August 9, 2016, then actively terminate the listing of NEEQ in January 2021. Now Yada has completed the listing guidance filing in Zhejiang Securities Regulatory Bureau, and began to prepare for IPO listing on the GEM.
Yada has a registered capital of 78.3 million yuan with total assets of 550 million yuan. At present Yada has 700 more staff (include subsidiaries) in which the technical design team has 100 above employees. Yada is a national high-tech enterprise, Zhejiang Provincial Enterprise Research Institute, a leading enterprise in Zhejiang Province, and a potential champion enterprise in Zhejiang Province. It has been listed in the marine economy project in Zhejiang Province and won the Innovation Award of Jiaxing Mayor's Quality Award in 2021. The company has obtained 34 utility model patents, 4 invention patents, and 14 invention patents under approval process, 11 software copyrights, 1 national first product (set) in key field of China manufacturing industry, 2 first product (sets) in key field of manufacturing in Zhejiang Province, 2 first product (sets) in key field of manufacturing in Jiaxing City, 2 key research and development plans in Zhejiang Province, and 1 key research and development plan in Jiaxing City.
Yada has authorized certificates of six major industries, which covers shipbuilding, marine engineering, petrochemical and refining, clean energy (LNG, LPG), nuclear power and military, and has been recognized by the AQSIQ, CNNC, PED (European Pressure Equipment Directive), ASME and other authoritative institutions, and has obtained a full range of relevant qualifications to undertake military R&D and production tasks. Yada has 39 international certifications, including American API certification, super duplex steel certification of 9 classification societies, and M650 certification of Norwegian Petroleum Institute.
Yada has been committed to the development of up-market equipment manufacturing industry by producing stainless steel pipe fittings, flanges, valves, prefabricated pipes, FGSS skids, etc., and specialized in providing a overall solution of ship and offshore engineering skids(modules), including design, production, installation&commissioning, maintenance and after-sales services. Its products are mainly applied in specialized and up-market fields such as shipbuilding, marine engineering, LNG, LPG, petrochemical, nuclear power and military industry, etc. Yada has supplied pipe fittings, flanges, prefabricated pipes, vacuum/high-pressure double wall pipes and other series of products into more than 1500 ships in China and abroad. Yada also involves in LNG marine engineering, LNG receiving stations, LNG,LPG&LEG carriers and other projects.
In recent years, the company has a precise customer focus and continue to be deeply involved in the field of marine engineering by extending to the downstream of its product chain. Yada has been focused on providing overall solutions of pipeline systems and cost-saving modular manufacture and services for upmarket ships, marine engineering and clean energy to maximize customer benefits. Yada enterprise vision is to become the leader of modular piping solutions for clean energy, shipbuilding and marine engineering.
During 29 years since its establishment , Yada has been sticking to its main business, persistently cultivating in the field of marine engineering, and attaching great importance to R&D. In recent years, the annual average investment in R&D takes about 5% of the main business income. The company is applying for IPO of GEM listing during 2023-2024 so as to achieve faster growth, and build up a military-civilian integrated upmarket manufacturing enterprise with an annual output of more than 1 billion yuan.