Xin Lang Cai Jing·2025-04-15 08:39Group 1: Company Developments - Xinkai Technology will be listed on April 15, with an issue price of 12.8 yuan per share, corresponding to a price-to-earnings ratio of 14.38 times [1] - Xinkai Technology has been in the pigment industry for nearly 30 years and is a significant supplier in the global organic pigment market, holding market shares of approximately 2.71%, 3.39%, and 3.11% from 2020 to 2022 [1] - The company is gradually releasing production capacity at its Liaoning project, with the main construction of the Liaoning Ziyuan project completed, expected to begin trial production in 2025 [1] Group 2: Industry Trends - Baihehua is investing in a high-performance organic pigment project in Hangzhou, planning to produce 2,000 tons of high-performance organic pigments and other materials annually [2] - Qicai Chemical is expanding its new materials capacity, with a project producing 3,000 tons of PPDI polyurethane elastomer materials expected to release capacity in the first half of 2024 [2] - The acquisition of German pigment business by Sudarshan Chemical indicates ongoing industry consolidation, benefiting domestic high-performance organic pigment substitutes [3] - The high-performance organic pigment sector is becoming a new trend due to the saturation of classic organic pigment capacity and the high technical barriers that favor leading companies [3]