Crown New Materials's Shenzhen Stock Exchange IPO has inquired about plans to raise 9186.8 million yuan

The Zhitong Finance App learned that on December 12, Crown New Materials Technology Co., Ltd. (Crown New Materials) applied for listing on the Shenzhen Stock Exchange Main Board and changed its review status to “Inquired”. As its sponsor, CICC plans to raise 9186.8 million yuan.

According to the prospectus, Crown New Materials 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.

In terms of industry, there are many domestic manufacturers engaged in the manufacture of functional composites, but most of them are small in scale, 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.

Currently, Crown New Materials 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 Aviation, Gree, Galanz, Deli, etc., providing good business support for the steady growth of the company's business performance.

After years of accumulation, Crown New Materials's performance has been rising steadily, and profitability continues to increase. In the future, it will continue to use functional new materials as its strategic focus, 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 capacity 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.

An overview of the company's current fund-raising investment projects is as follows:

On the financial side, in 2022, 2023, 2024, and January-June 2025, the company achieved operating income of approximately RMB 2,567 million, RMB 2,895 million, RMB 3.159 billion, and RMB 1,592 billion; during the same period, the company's net profit was approximately RMB 206 million, RMB 278 million, RMB 302 million, and RMB 155 million respectively.