Company Overview - Crown New Materials Technology Co., Ltd. (Crown New Materials) has changed its listing review status on the Shenzhen Stock Exchange to "inquired," with CICC as its sponsor, aiming to raise 918.68 million yuan [1] - The company specializes in the research, production, and sales of functional composite materials, including industrial-grade adhesives, electronic-grade adhesives, and functional film materials, with applications across various sectors such as light industry, home appliances, automotive manufacturing, new energy batteries, consumer electronics, smart IoT, and semiconductors [1] Industry Context - The domestic market for functional composite materials is fragmented, with many small manufacturers focusing on low-end products, resulting in a weak position within the industry chain [1] - A few early entrants, including Crown New Materials, have achieved large-scale production and possess advanced production technologies for high-end materials, enabling them to compete with international leaders [1] Product Applications and Performance - Crown New Materials has successfully entered markets previously dominated by international giants like 3M, Nitto, and Tesa, providing products to well-known clients such as OPPO, vivo, Huawei, Apple, Google, Amazon, BYD, Tesla, CATL, and Gree [2] - The company has shown steady growth in performance and profitability, focusing on functional new materials as a strategic priority and aiming to enhance its competitive edge in high-end products [2] Fundraising and Financial Projections - The fundraising will support several projects, including the expansion of functional composite materials production and the establishment of a research center, with a total investment of approximately 1.032 billion yuan and planned use of raised funds amounting to 918.68 million yuan [3] - Financial projections indicate revenues of approximately 2.567 billion yuan, 2.895 billion yuan, 3.159 billion yuan, and 1.592 billion yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively, with net profits of around 206 million yuan, 278 million yuan, 302 million yuan, and 155 million yuan for the same periods [3] Financial Metrics - Total assets are projected to grow from approximately 2.304 billion yuan in 2022 to 3.561 billion yuan by mid-2025, with a decrease in the debt-to-asset ratio from 43.76% in 2022 to 37.41% in 2025 [4] - The company’s net profit is expected to increase from 205.50 million yuan in 2022 to 154.99 million yuan in the first half of 2025, with a basic earnings per share of 0.38 yuan for the first half of 2025 [5]
皇冠新材深交所IPO已问询 拟募资9.1868亿元
智通财经网·2025-12-12 11:35