新广益IPO启动发行：抗溢胶等膜材性能卓越，创新领航新材料蓝海

Core Viewpoint - New Guangyi (301687.SZ) is set to go public on the ChiNext board with an initial public offering (IPO) of 36.716 million shares, accounting for 25% of the total share capital post-issue, aiming to leverage its technological strengths and strategic positioning in the capital market [2] Group 1: Company Overview - Established in 2004, New Guangyi focuses on the research, production, and sales of high-performance special functional materials, adhering to a technology development route of "independent innovation and import substitution" [3] - The company has successfully broken the technological monopoly of foreign firms in key product areas, establishing itself as a leader in the industry [3] Group 2: Product Highlights - New Guangyi's core product, the anti-overflow special film, is crucial in the production of flexible circuit boards and has achieved a market-leading position in China, overcoming significant supply issues previously faced by domestic clients [3][4] - The company’s anti-overflow special film exhibits superior performance compared to foreign competitors, including higher tensile strength and lower thermal expansion rates, making it more reliable in high-temperature environments [4] Group 3: Innovation and Development - New Guangyi is actively exploring new business areas such as acoustics, optics, and new energy, seeking opportunities for self-innovation and technological breakthroughs [5] - The company has developed a high-precision acoustic film that surpasses foreign counterparts in key technical indicators, successfully entering the high-end headphone market through partnerships with major clients [6] Group 4: Financial Performance - From 2022 to June 2025, New Guangyi's main business revenue showed steady growth, with figures of 455 million yuan, 516 million yuan, 657 million yuan, and 313 million yuan, while net profits were 81.51 million yuan, 83.28 million yuan, 115.70 million yuan, and 59.21 million yuan respectively [7] - The company forecasts a revenue of 704 million yuan in 2025, representing a 7.10% increase from 2024, and a net profit of 127.27 million yuan, reflecting a 10% growth [7] Group 5: Future Strategy - New Guangyi has outlined a clear development strategy aimed at becoming a world-class innovative materials enterprise, focusing on polymer modification, adhesive formulation, and film manufacturing [8] - The company plans to leverage its core competencies in niche markets to expand its market share and enhance product value while also investing in new energy materials to align with global carbon neutrality trends [8]