皇冠新材深主板IPO获受理：年入31.6亿，8家子公司2家盈利

Core Viewpoint - Crown New Materials Technology Co., Ltd. has received approval for its IPO on the Shenzhen Stock Exchange, with a focus on functional new materials and a wide range of applications across various industries [2][3]. Company Overview - Crown New Materials specializes in the research, production, and sales of industrial-grade adhesives, electronic-grade adhesives, and functional film materials, positioning itself as a high-tech enterprise [2]. - The company's products are utilized in numerous well-known brands, including OPPO, vivo, Huawei, Apple, Google, Amazon, BYD, Tesla, and others [2]. Financial Summary - The total investment for the IPO is approximately 10.32 billion, with 9.2 billion intended for expansion projects and working capital [3]. - Revenue figures for the years 2022 to 2025 are projected to be 2.567 billion, 2.895 billion, 3.159 billion, and 1.592 billion respectively, with net profits of 206 million, 278 million, 302 million, and 155 million [5]. - The company’s total assets are expected to grow from 2.303 billion in 2022 to 3.560 billion by mid-2025, while the debt-to-asset ratio is projected to decrease from 43.76% in 2022 to 37.41% by mid-2025 [4]. Subsidiary Performance - As of the date of the prospectus, Crown New Materials has eight wholly-owned subsidiaries, with only two subsidiaries, Jiangsu Crown and Guangdong Crown, reporting profits in the first half of the year [6].