Core Viewpoint - Jinhua New Materials is transitioning from a traditional chemical supplier to a high-end electronic chemical supplier through continuous technological iteration, aiming for high-quality development while maintaining both efficiency and responsibility [1]. Company Overview - Founded in 2007, Jinhua New Materials specializes in the research, production, and sales of ketoxime series fine chemicals, with key products including silane crosslinkers, hydroxylamine salts, methoxyamine hydrochloride, and acetaldehyde oxime, widely used in various sectors such as construction materials, 5G/6G, rail transportation, energy, electronics, new energy vehicles, and metal extraction [3]. - The company has established a leading market position in the silane crosslinker and hydroxylamine salt segments and has received multiple honors, including national-level manufacturing champions and green factory certifications [3]. Green Circular Industry Chain - The company has developed a proprietary "oxime-silane-hydroxylamine salt" green circular industry chain, which enhances production efficiency, cost control, and environmental friendliness [4]. - This system significantly reduces raw material consumption compared to traditional processes, minimizes waste emissions, and has established a comprehensive intellectual property system [4]. Investment Projects - Jinhua New Materials went public on the Beijing Stock Exchange in September 2025, marking a significant milestone in its development [6]. - The "60kt/a high-end coupling agent project" is a core investment project that will add 30,000 tons/year of silane coupling agent capacity and 30,000 tons/year of functional silane intermediate capacity, enhancing product variety and market competitiveness [6][8]. - The hydroxylamine aqueous solution (JH-2) pilot plant is another key investment project, crucial for extending the ketoxime industry chain and solidifying the green circular system [9]. High-End Product Development - The electronic-grade hydroxylamine aqueous solution is a critical step for the company’s transition to high-end products, primarily used as a cleaning agent in chip manufacturing [9]. - The company has successfully developed a safe and green preparation process for hydroxylamine, with plans for pilot production starting in October 2024 and expected sales of 7.60 tons in the same year [9]. Industry Positioning - Jinhua New Materials is advancing from an invisible champion to an industry benchmark by leveraging its industry chain advantages, technological accumulation, and global layout in both fine chemicals and high-end electronic chemicals [10].
北交所万里行 | 锦华新材：十八年深耕酮肟赛道，以绿色循环技术构筑护城河