Venture(US:VEMLY) Zhi Tong Cai Jing·2025-12-25 13:01Core Viewpoint - Shenzhen Moku New Materials Group Co., Ltd. has received acceptance for its IPO on the Shenzhen Stock Exchange's ChiNext board, aiming to raise 720 million yuan for its operations in digital printing ink production and sales [1]. Company Overview - Moku specializes in the research, production, and sales of digital printing inks, including dispersed inks, coating inks, UV inks, and water-based dye inks [1]. - The company's products are utilized in emerging digital printing technologies, integrating computer technology, electromechanical integration, precision machinery manufacturing, and fine chemicals [1]. Market Analysis - The market size for digital printing inks in China was 145,300 tons in 2022, with forecasts of 162,800 tons in 2023 and 192,100 tons in 2024 [1]. - Moku's sales of digital printing inks were 12,100 tons in 2022, 14,900 tons in 2023, and are projected to reach 18,500 tons in 2024, increasing its market share from 8.33% in 2022 to 9.63% in 2024 [2]. Financial Performance - Moku's revenue for the years 2022, 2023, and 2024 is reported as approximately 522 million yuan, 618 million yuan, and 727 million yuan respectively, with a net profit of 57.58 million yuan, 120 million yuan, and 143 million yuan for the same years [5][6]. - The company's total assets have grown from 400.50 million yuan in 2022 to 827.23 million yuan by September 30, 2025, while the equity attributable to shareholders increased from 277.27 million yuan to 636.86 million yuan in the same period [6]. Investment Projects - The funds raised from the IPO will be allocated to three main projects: the annual production of 40,000 tons of high-performance environmentally friendly ink, the construction of a new R&D center, and supplementing working capital, totaling an investment of 786.04 million yuan [4].