Core Points - Zhejiang Jinhua New Materials Co., Ltd. (Jinhua New Materials) was listed on the Beijing Stock Exchange, opening at 39.00 CNY and closing at 42.29 CNY, marking a 133.00% increase with a trading volume of 1.132 billion CNY and a turnover rate of 91.23% [1] Company Overview - Jinhua New Materials specializes in the research, production, and sales of ketoxime series fine chemicals, including silane crosslinking agents, hydroxylamine salts, methoxyamine hydrochloride, and acetaldehyde oxime [1] - The company is controlled by Juhua Group Co., Ltd., which holds 82.49% of the shares, while the Zhejiang Provincial State-owned Assets Supervision and Administration Commission indirectly holds 90.00% of Juhua Group [1] Financial Highlights - The total amount raised from the issuance before the exercise of the over-allotment option was 592.90 million CNY, with a net amount of 549.15 million CNY after deducting issuance costs [3] - The company plans to use the raised funds for a 60kt/a high-end coupling agent project, a 500 tons/year JH-2 pilot project, and the construction of a ketoxime industrial chain smart factory [3][4] Performance Metrics - Jinhua New Materials reported revenues of 993.97 million CNY, 1.114 billion CNY, and 1.239 billion CNY for the years 2022, 2023, and 2024 respectively, with net profits of 79.59 million CNY, 172.51 million CNY, and 210.94 million CNY during the same period [5][6] - For the first half of 2025, the company reported revenues of 570.62 million CNY, a decrease of 11.68% year-on-year, and net profits of 113.55 million CNY, down 11.48% year-on-year [7] Future Projections - The company forecasts a revenue of 1.063 billion CNY and a net profit of 199.39 million CNY for the year 2025, representing a decline of 14.25% and 5.47% respectively compared to the previous year [7]