Core Viewpoint - Hunan Juren New Materials Co., Ltd. (referred to as "Juren New Materials") has been accepted for IPO on the Beijing Stock Exchange, focusing on the research, production, and sales of caprolactam series products, marking a significant step in the domestic chemical materials industry [1][4]. Group 1: Company Overview - Juren New Materials is the largest domestic supplier of caprolactam series products, having established the first 10,000-ton continuous production line for caprolactam series products in China, filling a gap in large-scale production [2][4]. - The company has achieved a compound annual growth rate (CAGR) of 58.12% in revenue during the reporting period, indicating strong growth momentum [5]. Group 2: Financial Performance - Revenue figures for Juren New Materials from 2022 to 2024 are as follows: 192 million yuan, 282 million yuan, and 479 million yuan, respectively, demonstrating rapid growth [1]. - Net profit for the same period has also shown significant increases: 47.26 million yuan, 74.20 million yuan, and 83.35 million yuan [1]. Group 3: Investment and Projects - The company plans to raise 292 million yuan through its IPO, which will be allocated to a 40,000-ton/year special polycaprolactone intelligent factory project, a research and development center project, and to supplement working capital [1]. - In 2023, Juren New Materials completed the construction of the world's largest single-capacity caprolactam facility, with an annual capacity of 50,000 tons [7]. Group 4: Market Position and Collaborations - Juren New Materials has established partnerships with major international companies such as BASF, BIC, and Covestro, as well as long-term collaborations with domestic leaders like Wanhua Chemical and Meirui New Materials [5]. - The company's market share in the domestic caprolactam market increased from 35.19% in 2022 to 37.21% in 2023, solidifying its position as the largest supplier in the sector [5]. Group 5: Innovation and Certifications - The company has built a comprehensive technology transfer system from basic research to industrialization, supported by various innovation platforms [6]. - Juren New Materials has received multiple certifications, including being recognized as a "Little Giant" enterprise and a high-tech enterprise, and has participated in the formulation of national standards for biodegradable materials [6].