Core Viewpoint - Zhejiang Zhenstone New Materials Co., Ltd. is set to undergo its IPO review on November 18, 2025, marking a significant step towards entering the capital market as a national high-tech enterprise focused on clean energy [2] Group 1: Company Overview - Zhenstone specializes in the research, production, and sales of fiber-reinforced materials in the clean energy sector, covering various industries including wind power, photovoltaic power, new energy vehicles, and construction materials [3][4] - The company has established a comprehensive customer network, covering the top ten global wind turbine manufacturers, with domestic clients including Mingyang Smart Energy and Envision Energy, and international clients such as Vestas and Siemens Gamesa [3] Group 2: Production and Technology - Zhenstone has a global production network, with a market share exceeding 35% in wind power glass fiber fabric, maintaining its leading position [4] - The company holds a robust patent portfolio with 32 invention patents and 210 utility model patents, focusing on core technologies such as high-modulus glass fiber fabric weaving [4] Group 3: Strategic Initiatives - The company aims to target the "Four New" markets: new energy generation, new energy vehicle composites, new energy vehicle components, and new material applications, with its fundraising projects directly aligned with these strategic goals [5][6] - The IPO proceeds will enhance the company's asset structure and support business expansion, with a stable revenue range of 4.4 billion to 5.3 billion yuan and a net profit exceeding 600 million yuan [6] Group 4: Future Outlook - Zhenstone is positioned to lead the global market in wind power materials while exploring high-growth areas such as new energy vehicle composites, contributing to the clean energy transition [7] - The company emphasizes innovation and collaboration within the supply chain, ensuring material stability and performance improvements through partnerships with upstream suppliers and downstream manufacturers [7]