拟募资9亿，Mini LED材料商IPO过会

Core Viewpoint - Guangzhou Huigu New Materials Technology Co., Ltd. has received approval for its IPO on the ChiNext board, aiming to raise approximately 900 million yuan for capacity expansion, R&D center construction, and production line technology upgrades [1][3]. Group 1: Company Overview - Huigu New Materials is a functional coating materials company focused on independent R&D, holding over 60% market share in energy-saving coatings for heat exchangers and 30% in metal packaging aluminum caps in China [3]. - The company has achieved mass production of optoelectronic coating materials since 2017, serving clients such as JDI, TCL, Samsung, and Philips, and is one of the few domestic suppliers for Mini LED optoelectronic coating material [3]. Group 2: IPO Details - The IPO was accepted on June 28, 2025, and entered the inquiry stage in July. The funds raised will be allocated to specific projects, including 405 million yuan for expanding production capacity and 200 million yuan for the R&D center [6][8]. - The total investment for the projects is approximately 919.24 million yuan, with specific allocations for environmental coatings and resin expansion, R&D center, and production line upgrades [8]. Group 3: Financial Performance - Huigu New Materials has shown steady revenue and profit growth, with revenues of 664 million yuan, 717 million yuan, and 817 million yuan from 2022 to 2024, and corresponding net profits of 26.84 million yuan, 96.01 million yuan, and 142 million yuan [8]. - For the first nine months of 2025, the company reported revenues of approximately 724 million yuan, a year-on-year increase of 21.52%, and a net profit of 158 million yuan, up 53.09% year-on-year [8].