族兴新材北交所IPO过会：深耕战略性新材料赛道，铸就全球竞争力

Core Viewpoint - Zuxing New Materials is set to enter the capital market following the successful review of its IPO application, leveraging its core technology in fine spherical aluminum powder and aluminum pigment products to capitalize on growth opportunities in strategic emerging industries [2][4]. Company Overview - Established in 2002, Zuxing New Materials is one of the earliest companies in China to engage in the research and production of fine spherical aluminum powder, with its products widely used in automotive coatings, new energy, military aerospace, electronic pastes, and refractory materials [4]. - The company has an annual production capacity of 25,000 tons for fine spherical aluminum powder and 6,400 tons for aluminum pigments, ranking among the top domestic enterprises [4]. - Zuxing New Materials holds 89 authorized patents, including 48 invention patents, and has established significant industry standards, enhancing its influence in the market [6]. Technological Advantages - The company has developed seven core technologies that cover the entire aluminum pigment industry chain, allowing for precise control of production processes to meet customer needs [4][6]. - Zuxing New Materials has successfully broken the monopoly of large multinational corporations in high-end products, achieving large-scale production of advanced aluminum pigments [6]. Market Positioning - The company adopts a "mid-to-high-end + differentiation" competitive strategy, focusing on high-value-added markets while avoiding the oversaturated low-end market [7]. - Its aluminum silver powder products rank second in the domestic powder coating industry, with water-based aluminum pigments reaching international advanced levels [7]. Fundraising and Growth Strategy - The IPO aims to raise 208 million yuan, which will be allocated to three strategic projects to enhance production capacity and product performance [8]. - The market for fine spherical aluminum powder is expected to grow steadily, with domestic production projected to reach 103,000 tons in 2024 [8]. Sustainability Initiatives - Zuxing New Materials is committed to green manufacturing, with its aluminum silver powder products aligning with the industry's low-carbon transformation trends [9]. - The company is also exploring applications in agriculture and self-heating materials, contributing to sustainable development [9]. Future Outlook - The successful IPO marks a new development phase for Zuxing New Materials, positioning it to expand production capacity, optimize product structure, and explore new applications in strategic industries [9].