Ningbo Jiansen Superconducting Technologies listed on STAR Market

The listing ceremony of Ningbo Jiansen Superconducting Technologies Co. [Photo/WeChat account: nbfb0574]

Ningbo Jiansen Superconducting Technologies Co made its debut on the Shanghai Stock Exchange's STAR Market on Dec 24. The listing marks the ninth domestic or overseas IPO by a Ningbo-based company this year, bringing the city's total number of A‑share listed firms to 124.

Jiansen Superconducting Technologies opened at 65.03 yuan ($9.27) per share, more than tripling its issue price of 18.58 yuan.

Founded in 2013 and headquartered in Cixi, the company focuses on the research, production, and sale of core components for medical MRI systems. Its main products — superconducting magnets and gradient coils — are considered the "heart" of MRI equipment and account for roughly half of the cost of core components.

According to Xu Hui, company secretary, the high cost and supply‑chain risks of liquid helium have long limited the wider adoption of superconducting MRI systems. Jiansen Superconducting Technologies has developed an all‑solid conduction‑cooling technology that enables fully helium‑free superconducting magnets, achieving a global first. Its 1.5T helium‑free magnet has already entered large‑scale commercial use worldwide.

China Insights Consultancy's data showed that Jiansen Superconducting Technologies held a 4.2 percent global market share in 2024, ranking fifth worldwide. It is also the world's largest independent supplier of superconducting magnets.