Betley (301697.SZ), a supplier of electronic materials and new chemical materials, plans to go public on the GEM IPO

According to the Zhitong Finance App, Betley (301697.SZ) issued an initial public offering of shares and a prospectus for listing on GEM. The current public offering of 65.7 million shares accounted for 25.01% of the company's total share capital after issuance. The subscription date is August 19, 2026.

The company is a new materials enterprise guided by customer needs and driven by innovative research and development. Its main business is R&D, production and sales of electronic materials and new chemical materials. Its products cover the three major sectors of conductive materials, silicone materials and coating materials. The company's products are widely used in photovoltaics, 3C electronics, silicone deep processing, electronic packaging, medical care, new energy vehicles and other fields.

This fund-raising investment project will focus on the existing main business. It is proposed to invest in the “Phase III Project with an annual output of 500 tons of special conductive materials”, “Dongguan Betley New Materials Co., Ltd. (3rd renovation and expansion) project”, “Wuxi R&D and Marketing Center Construction Project” and supplementary working capital. The third phase of the project with an annual output of 500 tons of special conductive materials will be used for Jiangxi Betley to build 500 tons of low-temperature photovoltaic paste production capacity, lay the material foundation for new photovoltaic cell technologies such as HJT, HBC, and perovskite, and improve the management level; the Dongguan Betley New Materials Co., Ltd. (third renovation and expansion) project will optimize the production capacity of silicone materials and automate upgrades; the Wuxi R&D and marketing center construction project will lay a good foundation for the company to improve R&D capabilities and marketing levels, and significantly enhance the company's competitiveness in terms of talent attraction, R&D equipment, and marketing environment. Facilitate the industrialization of R&D results; supplementing working capital is conducive to enhancing the company's financial strength, reducing the company's financial risks, and promoting the healthy and sustainable development of the company's main business.