科马材料(874308.NQ)冲刺北交所IPO，汽车制动领域“专精特新”企业迎关键一役

Core Viewpoint - Zhejiang Kema Friction Material Co., Ltd. plans to raise 206 million yuan through its IPO, focusing on the development and production of friction materials, particularly in the dry clutch segment, where it holds a significant market share alongside major competitors [1] Group 1: Company Overview - Kema Materials has been dedicated to the research, production, and sales of friction materials since its establishment in 2002, evolving from a small manufacturer to a leading player in the domestic dry clutch friction plate market [1] - The company’s products include dry clutch friction plates and wet paper-based friction plates, which are widely used in commercial vehicles, passenger cars, engineering machinery, and agricultural machinery [1] Group 2: Market Position and Products - The dry clutch friction plate is a key product for Kema Materials, holding a significant share in the domestic commercial vehicle market and maintaining long-term partnerships with major manufacturers like FAW Liberation and Dongfeng Motor [2] - Kema Materials has developed the KM1790A/KM1790 series products to meet the high power demands of commercial vehicles, achieving sales revenue of 44.25 million yuan in 2024 [2] Group 3: Growth Opportunities - The rapid development of the new energy vehicle industry has prompted Kema Materials to expand into the wet paper-based friction plate business, which has excellent wear resistance and high transmission efficiency [3] - The wet paper-based friction plate market is expected to grow significantly, as domestic production is currently low, and the industry aims to achieve a higher localization rate by 2030 [3] Group 4: Financial Performance - Kema Materials has shown steady growth in its operating performance, with total revenue reaching 249 million yuan in 2024, a year-on-year increase of 25.16% [4] - The company’s net profit, excluding non-recurring items, reached 69 million yuan in 2024, reflecting a substantial year-on-year growth of 55.22%, indicating improved cost control and operational efficiency [4] Group 5: Market Expansion and Future Plans - Kema Materials has established a nationwide sales network and is actively expanding into overseas markets, with international sales accounting for 18.08% of total revenue in 2024 [5] - The IPO funds will primarily be used for upgrading the dry clutch friction material production capacity and enhancing the research and development center, aiming to meet the growing automotive market demand [5]