Fulai New Material(SH:605488) Zheng Quan Shi Bao Wang·2026-01-14 11:04Core Viewpoint - The company has received approval from the China Securities Regulatory Commission for a stock issuance to specific investors, aiming to raise funds for expansion projects and enhance its market position in the label printing materials and electronic-grade functional materials sectors [1][2]. Group 1: Stock Issuance and Financials - The company plans to issue up to 84.07 million shares, raising no more than 707 million yuan, primarily for expanding label printing materials, upgrading electronic-grade functional materials, enhancing its R&D center, and supplementing working capital [1]. - As of January 9, the company has 28,800 shareholders, a decrease of 3,900 from the end of 2025, indicating a significant concentration of shares [1]. Group 2: Market Growth and Expansion Projects - The label printing materials industry is experiencing rapid growth due to the expansion of consumer sectors such as daily chemicals, food and beverages, pharmaceuticals, cosmetics, and small appliances, alongside the e-commerce and logistics industries [1]. - The electronic-grade functional materials expansion project is expected to increase market share, driven by the growth in global consumer electronics and automotive electronics markets, with smartphone shipments projected to grow by 6.2% in 2024 and a significant 175% increase in flexible OLED display shipments in Q1 2025 [2]. Group 3: R&D and Technological Advancements - The R&D center upgrade will accelerate the development and industrialization of high-end materials, focusing on OLED display materials to break foreign monopolies and meet domestic market demands [2]. - The company is transitioning from a functional coating material supplier to a smart sensing solution provider, with plans to launch three generations of electronic skin products by 2025, integrating flexible materials, chips, algorithms, and large models for advanced sensory capabilities [3]. - The company has established a pilot line for flexible sensors and is actively expanding its global market presence, including setting up a subsidiary in California to enhance its international strategy [3].