新股消息 | 贝斯特递表港交所 于全球声学增强材料市场排名第一

Company Overview - Zhenjiang Best New Materials Co., Ltd. (Best) is a well-established electronic functional enhancement materials company with a strong market position in acoustic enhancement materials, electronic ceramic materials, electronic adhesives, and energy enhancement materials [4] - The company has built three core technology platforms: inorganic powder technology platform, polymer materials technology platform, and composite materials technology platform [4] - Best's electronic functional enhancement materials are primarily used to enhance the acoustic, optical, thermal, and electrical performance of components and devices in consumer electronics and new energy sectors [4] Market Position - According to Frost & Sullivan, Best ranks first in the global acoustic enhancement materials market with a market share of 18.1%, second in the global LIB diaphragm coated alumina ceramic materials market with approximately 18.1% market share, fourth in the global acoustic adhesives market with about 3.5% market share, and third in the global high-reflective glaze market with a 5.0% market share [5] Production Capacity - As of September 30, 2025, Best has two production bases in China and has implemented a comprehensive production planning management system to ensure efficient utilization of manufacturing resources [7] - The utilization rates for various materials are as follows: acoustic enhancement materials at 96.7%, electronic ceramic materials at 75.7%, electronic adhesives at 83.3%, and energy enhancement materials at 66.7% [7] Financial Performance - The company's revenue for the fiscal years ending September 30 are approximately CNY 320 million for 2023, CNY 355 million for 2024, and CNY 460 million for 2025 [8] - The net profit for the same periods is approximately CNY 96.16 million for 2023, CNY 113 million for 2024, and CNY 118 million for 2025 [9] - The gross profit margins are reported as 54.0% for 2023, 56.1% for 2024, and 46.1% for 2025 [10] Industry Overview - The demand for acoustic enhancement materials is highly dependent on the shipment scale of consumer electronic smart terminals, with global shipments expected to reach 2,572.1 million units by 2030, growing at a CAGR of 3.3% from 2024 to 2030 [12] - The global acoustic enhancement materials market size is projected to grow from CNY 1,003.7 million in 2020 to CNY 1,347.7 million in 2024, with a CAGR of 7.6%, and further to CNY 2,397.8 million by 2030, with a CAGR of 10.1% from 2024 to 2030 [13] - The global core electronic ceramic powder market is expected to grow from CNY 9.6 billion in 2020 to CNY 18.1 billion in 2024, with a CAGR of 17.1%, and reach CNY 52.8 billion by 2030, with a CAGR of 19.6% from 2024 to 2030 [14] - The global electronic adhesives market is projected to grow from CNY 32 billion in 2020 to CNY 38.2 billion in 2024, with a CAGR of 4.5%, and is expected to reach CNY 55.8 billion by 2030, with a CAGR of approximately 6.5% from 2024 to 2030 [19]