Since its inception on December 16, 1999, ZGC Sci-tech Guarantee Company, a member of ZGC Development Group, has always adhered to its original mission of serving technology-based SMEs and provides financing services throughout firms’ life cycle and across the industrial chain.  Among them, IAT Automobile Technology Co., Ltd. ("IAT") is one of the most typical customers.

ZGC Sci-tech Guarantee and IAT, sticking to the customer-centered service concept, have cooperated for 18 years, witnessing each other’s development from small to large and from weak to strong, really reflecting the original mission of ZGC Sci-tech Guarantee to grow with innovation and start-up firms. 

Provide guarantee services of millions of yuan to help start-ups ride through difficulties. 

In 2002, a group of graduates from Automotive Department of Tshinghua University invested half million yuan and established Beijing Jinwei All-around Technology co., Ltd. (the predecessor of IAT). It undertook 5 vehicle design and development projects in the next year. The early-stage startup faced challenges like a lack of funding for R&D equipment, at the time when car design was not yet a national priority. 

In 2004, ZGC Sci-tech Guarantee learned the management and technical advantages of the vehicle-design start-up and the potential of car-design market (at that time domestic automobile design field was blank) after investigation. It decided to provide IAT with a loan guarantee of 1 million yuan without collateral of physical assets through the “Green Channel for Returnees Studying Abroad”, ensuring the start-up to tide over difficulties. 

Provide tens of millions of comprehensive credit to help clients grow quickly.

In 2007, the start-up obtained the first strategic investment and formally established IAT, stepping on the fast track. However, the global financial crisis broke out and the car market turned down, seriously affecting the car-design sector and increasing the risk of contract default.

However, ZGC Sci-tech Guarantee firmly believed that IAT could come out of the temporary trough with its excellent team, advanced technology and timely capital support. From 2009 to 2011, the guarantee company provided more than 100 million yuan of financing guarantee for IAT, including medium-term working capital loan guarantee, trust plan guarantee and three-year credit guarantee for high-end talents, etc.

IAT’s design ability and project undertaking capacity had been significantly improved after several rounds of financing. Its revenues increased from 156 million yuan in 2009 to 272 million yuan in 2011. In 2013, ZGC Sci-tech Guarantee timely satisfied the needs of IAT, which was affected by macroeconomic policies and the capital market downturn in 2012, by increasing the comprehensive credit line to 80 million yuan. With the efforts of various parties, IAT’s business grew steadily, and increased its main business income to 380 million yuan in 2016. 

Provide multiple financial services to help clients go public.

In 2016, IAT was listed on the New Third Board and successfully raised 185 million yuan. However, with the rapid growth of demands for new energy vehicle design, the company has invested a lot in technology research and new projects in recent years, and challenges such as insufficient liquidity funds had gradually appeared.

ZGC Sci-tech Guarantee took comprehensive measures to address the funding needs of IAT by raising the guarantee amount to 110 million yuan and providing other financial support in time according to the progress of work.  

With the guarantee company’s comprehensive financial services, IAT’s business revenue hit 885 million yuan in 2019 and successfully went public on Growth Enterprise Market in March 2020.

ZGC Sci-tech Guarantee Company has provided more than 600-million-yuan financial support for IAT. It provided IAT with diversified and comprehensive financial services, such as comprehensive credit granting, short-term working capital loan, medium-term loan, trust, and helped IAT with direct financing by issuing innovative-enterprise bonds and start-up bonds. Thus, it has continuously assisted IAT to address its capital bottlenecks during the development process, effectively solving the problem of difficult and expensive financing commonly faced by technical innovation firms, enabling them to achieve healthy, sustainable and rapid development.

As of August 2021, IAT has registered capital of 306 million yuan, more than 1,700 employees and a total market value of 9.15 billion yuan. It has developed into one of the largest independent automobile design companies in China. Its clients encompass many well-know domestic and international automobile manufacturers and joint venture automobile manufacturers. IAT has effectively filled the gap in the field of domestic automobile design. 

Assist Tech startups to go public on the Beijing Stock Exchange. 

In addition to IAT mentioned above, ZGC Sci-tech Guarantee Company has also assisted a number of tech startups successfully go public on the Beijing Stock Exchange. 

As a high-tech enterprise in the field of environmental protection, Zhonghang Taida (ZHTD) is committed to the comprehensive treatment of industrial flue gas. Many of its new patented techniques have been widely applied and achieved good effects, which are highly praised by customers and environmental protection administrations at all levels.

Since 2013, ZGC Sci-tech Guarantee has provided financing guarantee services for ZHTD, with the total amount more than 1 billion yuan, providing financial support for its different development stages.  

In 2016, ZHTD was listed on the New Third Board and entered the innovation layer in the same year; in July 2020, ZHTD was listed in the select tier in the first batch, and was selected as one of the leading small and medium enterprises that specialize in niche sectors; on November 15, 2021, ZHTD officially went public on BSE.  

BJB has been deeply engaged in the field of intelligent vision for 13 years, focusing on R&D and innovation. It constantly applies new technologies to upgrade their intelligent vision system solutions. Its products are widely used in many sectors and fields, such as enterprise display, digital exhibition halls, VR education, digital cinemas and so on.

ZGC Sci-tech Guarantee Company has been providing financing guarantee service for BJB since 2016, with the guarantee amount gradually increasing from 5 million yuan in 2016 to 14.85 million yuan now, putting BJB on the fast track.

As of August 23, 2021, BJB owns 188 patents and copyrights in display control, internal broadcast control and multimedia intelligent interaction.  On November 15, BJF was listed on Beijing Stock Exchange. 

As a petroleum and petrochemical enterprise, Henghe provides the environmental protection departments with online monitoring system of oil and gas recovery, online monitoring-data management platform, oil leakage detection system and other comprehensive management solutions.    

In July 2020, ZGC Sci-tech Guarantee provided Henghe with 10-million-yuan credit support to address its liquidity crunch during the pandemic, and to help it quickly resume production. Recently, Henghe was selected as one of the leading small and medium enterprises that specialize in niche sectors; on November 15, 2021, Henghe officially went public on BSE.  

Since its establishment, ZGC Sci-tech Guarantee has provided more than 70,000 tech firms with guarantee services of nearly 350 billion yuan in total, with an annual guarantee capacity of more than 42 billion yuan.

It has solved the problem of “first-loan difficulty” for thousands of enterprises. The guarantee company has helped more than 1,100 clients to go public in domestic and foreign capital markets (including the New Third Board and Beijing Stock Exchange). It realizes its own sustainable development while focusing on serving clients.