The Securities Regulatory Commission approved Crown New Materials's IPO registration on the Shenzhen Stock Exchange main board

The Zhitong Finance App learned that on August 14, the Securities Regulatory Commission issued the “Approval to Register the Initial Public Offering of Shares by Crown New Materials Technology Co., Ltd.” According to reports, Crown New Materials plans to be listed on the main board of the Shenzhen Stock Exchange, and CICC will raise 9186.8 million yuan as its sponsor.

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.

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.