Potential of enterprises boosted by Qilu Bank loan project

To facilitate the development of high-tech enterprises, Qilu Bank is providing special funds under the "Xingkong Xuetang" project. Recently, the bank granted a loan worth 10 million yuan ($1.39 million) to Rizhao AMI Precision Control Technology, marking the bank's first attempt to give the investment and loan linkage loan. The action greatly relieved the financial pressure on the company.

Rizhao AMI Precision Control Technology was established in the Rizhao Hi-Tech Industrial Development Zone in September 2021 by three PhD holders, Yan Peng, Hong Caihao and Chen Zhilong. It is now a national-level high-tech enterprise.

In 2022, the company began its operations and was included in Shandong province's key research and development plan. In September 2022, it received an investment valued at 3 million yuan from a financial talent fund in Rizhao. In February 2023, it completed a pre-A round of financing.

It is mainly engaged in the R&D as well as the manufacturing of micro-nano motion measurement and high-performance control technology. It caters to the fields of micro-nano manufacturing, precision active optics, integrated circuit equipment, and electronic information, providing ultra-precise measurement and nano-precision motion servo components, as well as nano-automation solutions. Such products and achievements are greatly alleviating the bottleneck problems faced by China in the fields.

At the end of 2023, the company was invited to participate in an investment and loan promotion conference held by Qilu Bank. The Rizhao branch of the bank learned about the company's financing needs and decided to provide it with such a loan.