皇冠新材闯关深主板IPO 拟募资9.19亿元

Core Viewpoint - Crown New Materials Technology Co., Ltd. has initiated its IPO on the Shenzhen main board, aiming to raise 919 million yuan for expansion and development projects in the functional composite materials sector [1][4]. Group 1: Company Overview - Crown New Materials specializes in the research, production, and sales of industrial-grade adhesive materials, electronic-grade adhesive materials, and functional film materials [3]. - The company's products are widely used across various industries, including light industry, home appliances, automotive manufacturing, new energy batteries, consumer electronics, smart IoT, and semiconductors [3]. Group 2: Market Position and Competition - The domestic market for functional composite materials is fragmented, with many small-scale manufacturers focusing on low-end products, while a few established companies like Crown New Materials have developed the capability to compete with international leaders [3][4]. - Crown New Materials has successfully entered markets previously dominated by international giants such as 3M, Nitto, and tesa, supplying well-known brands like OPPO, vivo, Huawei, Apple, Google, and Tesla [4]. Group 3: Financial Performance - The company reported revenues of 2.895 billion yuan, 3.159 billion yuan, and 1.592 billion yuan for the years 2023, 2024, and the first half of 2025, respectively, with net profits of 278 million yuan, 302 million yuan, and 155 million yuan [4]. - The functional composite materials market in China reached a scale of 232.7 billion yuan in 2023, indicating significant growth potential for Crown New Materials' products [4]. Group 4: Use of IPO Proceeds - The IPO proceeds of 919 million yuan will be allocated to expansion projects in Guangdong, Jiangsu, and Zhejiang, as well as the establishment of a research and development center and to supplement working capital [4][5]. - These investments are expected to strengthen the company's market position and enhance its innovation capabilities in the functional composite materials industry [5].