Crown New Materials's Shenzhen Stock Exchange motherboard IPO was applied in well-known terminals such as Apple and Google through listing committee meeting products

The Zhitong Finance App learned that on July 17, Crown New Materials Technology Co., Ltd. (abbreviation: Crown New Materials) passed the Shenzhen Stock Exchange Main Board Listing Committee meeting. The sponsor of the IPO is China International Finance Co., Ltd., which plans to raise 9186.8 million yuan.

According to the prospectus, the company is mainly engaged in R&D, production and sales of functional composite materials such as industrial grade adhesive materials, electronic grade adhesive materials, and functional film materials. The company's products have a wide range of applications, covering various fields such as light industry, household appliances, automobile manufacturing, new energy batteries, consumer electronics, intelligent Internet of Things, semiconductors, etc.

The functional composites industry in which the company is located is a market-based and fully competitive industry. There are large differences in brand power, business scale, market share, R&D and production capacity among different participants in the industry, and there are certain differences in the overall level. Internationally renowned companies such as 3M in the US, Nitto in Japan, and Desa in Germany are pioneers in the industry. These companies have a long history, rich industry experience, leading technical levels in R&D and production, and have advantages in terms of technical and financial strength, product types, sales networks, and brand recognition. The above companies occupy the main share of the middle and high-end markets in the functional composite materials industry such as consumer electronics, automobiles, semiconductors, etc., and are leading the development direction of the industry. There are many domestic manufacturers engaged in the manufacture of functional composites, but most of them are small, have a single product range, and account for a high proportion of low-end products. They are in a relatively weak position in the industrial chain, and their market share is scattered. A few domestic manufacturers that started early and have achieved large-scale production, such as Crown New Materials, Stik, Jinghua New Materials, and Yongguan New Materials, have mastered the production technology of some high-end materials through years of technical experience and independent research and development, and have gradually developed the ability to compete with leading international companies in recent years.

At present, the company's products have entered the material field once dominated by leading international companies such as 3M in the US, Japan's Nitto, and German Desa. With excellent product performance and stable product quality, they have been applied in well-known terminals in various fields such as OPPO, Vivo, Huawei, Apple, Google, Amazon, BYD, Tesla, Ningde Era, Guoxuan Hi-Tech, China Innovation Airlines, Gree, Galanz, and Deli, providing good business support for the steady growth of the company's business performance.

After years of accumulation, the company's performance has been rising steadily, and its profitability continues to increase. In the future, it will continue to target leading international companies such as 3M, Japan's Nitto, and German Desa in the high-end product field, and continue to consolidate its advantages in terms of rapid response capabilities and integrated supporting services, so as to gain the trust of downstream end customers and promote the company to maintain strong competitiveness in the industry.

On the financial side, in 2023, 2024 and 2025, the company achieved operating income of approximately RMB 2,895 billion, RMB 3.159 billion, and RMB 3.408 billion respectively; during the same period, the company's net profit was approximately RMB 278 million, RMB 302 million and RMB 309 million, respectively.