Jiangnan New Materials (603124.SH), a manufacturer of copper-based new materials, plans to IPO on the Shanghai Stock Exchange and be listed on the main board

According to the Zhitong Finance App, Jiangnan New Materials (603124.SH) issued an initial public offering of shares and a prospectus of intent to list it on the main board. The number of shares issued this time was no more than 364.363 million shares, and the number of shares publicly issued after the issuance was completed accounted for no less than 25% of the total number of shares issued. All of these issuances are new shares, and the original shareholders are not publicly offering their shares. The initial inquiry date for this offering is March 5, 2025, and the subscription date is March 10, 2025.

The initial strategic placement volume of this offering was 72872.6 million shares, accounting for 20.00% of the current offering. The final strategic placement ratio and amount will be determined after the issuance price is determined on March 6, 2025 (T-2). Investors participating in the strategic placement will be reimbursed in accordance with the principles stipulated in the rebate mechanism between the final strategic placement quantity and the initial strategic placement amount.

The company is mainly engaged in R&D, production and sales of new copper-based materials. The company's core products include three product categories: copper ball series, copper oxide powder series and high-precision copper-based heat sink series. The copper ball series products independently developed by the company have been used in various types and processes of PCB and copper plating processes for photovoltaic panels; copper oxide powder series products have been used in PCB copper plating processes, lithium battery PET composite copper foil manufacturing, silicone monomer synthesis catalysts, etc.; and high-precision copper-based heat sink series products have been used in PCB embedded heat dissipation processes. The company's core product industry chain terminals cover many fields such as communications, computers, consumer electronics, automotive electronics, industrial control and medical care, aerospace, new energy, silicone, etc.

In each period of the reporting period, the company's revenue was 6.284 billion yuan, 6.23 billion yuan, 6.818 billion yuan and 4.107 billion yuan respectively. The revenue scale was large and showed an overall upward trend. In each period of the reporting period, the production capacity of the company's main product copper balls was 100,800 tons, 100,800 tons, 100,800 tons and 50,400 tons, respectively. The production capacity was large and remained stable.

After deducting the issuance fee, the total amount of capital raised in this offering will be invested in the following projects: a construction project with an annual output of 12,000 tons of electronic-grade copper oxide powder, a R&D center construction project, a marketing center construction project, and supplementary working capital. The total amount of capital raised is 384 million yuan.