Group 1 - The core point of the article is that Inner Mongolia Xuyang New Materials Co., Ltd. has received acceptance for its IPO on the Beijing Stock Exchange [2] - The underwriting institution for the IPO is Changjiang Securities Co., Ltd., with representatives Xu Chao and Tong Jinshuan, and the accounting firm is Rongcheng Accounting Firm [3] Group 2 - Xuyang New Materials is a high-tech enterprise specializing in the R&D, production, and sales of functional powder and slurry materials made from non-ferrous metals, with main products including fine spherical aluminum powder, aluminum pigments, spherical zinc powder, and copper pigments [4] - The company has established stable partnerships with well-known international coating companies such as PPG, AkzoNobel, and BASF [4] Group 3 - The demand for aluminum pigments is increasing due to higher consumer expectations for the appearance and performance of various consumer goods, with applications in coatings, inks, plastics, and industries such as automotive and 3C products [5] - According to Research Nester, the global aluminum pigment market is projected to reach approximately $550.91 million in 2024, exceed $871.07 million in 2025, and reach $1.39 billion by 2035, with a compound annual growth rate of about 4.8% from 2026 to 2035 [5]