【DT新材料】 获悉，近日，北交所官网披露了 昌德新材 招股说明书(申报稿)，公司上市申报材料被正式受理，并于1月20日问询。 值得注意的是，2022年6月，公司曾向证监会提交了首次公开发行股票并在主板上市的申请，并获得受理；2023年2月，因全面实施注册制平移至深交 所，并获得受理，然而， 2024年7月1日，因公司撤回发行上市申请，深交所决定终止其发行上市审核。 本次IPO， 公司计划募集资金5亿元，比之前的11.69亿少了很多，所募资金中7700万元用于补充流动资金，其余资金投向 年产65万吨化工新材料一体 化项目（二期）2万吨/年C5醇及衍生物项目 、多产品线协同扩能与品质提升项目。 本次IPO第一轮询问的问题主要聚焦在业绩的可持续增长性、对中石化的高度采购比率以及本次募投项目的必要性。 | | | | | 中1V: /JJJ | | --- | --- | --- | --- | --- | | 序号 | 项目名称 | 项目投资总额 | 事集资金投资额 | 项目备案情况 | | | 年产 65 万吨化工新材料 一体化项目(二期)2万 | 29.605.29 | 29.600.00 | 2508-45 ...

Core Viewpoint - The article discusses the recent developments of Changde Technology, including its IPO application and strategic partnerships, highlighting its position in the chemical materials industry and its relationship with Sinopec [1][2]. Group 1: IPO and Financial Developments - Changde Technology has initiated its IPO process, with the application for public offering submitted to the Hunan Securities Regulatory Bureau, aiming for listing on the Beijing Stock Exchange by August 6, 2025 [1]. - The company previously attempted to go public in 2022 and 2023 but withdrew its application in July 2024 [1]. - The planned fundraising of 1.169 billion yuan will support various projects, including a 650,000-ton chemical new materials integrated project [1]. Group 2: Company Overview and Market Position - Established in 2017 in Yueyang, Changde Technology is recognized as a national "specialized, refined, characteristic, and innovative" small giant enterprise and a national intellectual property advantage enterprise [2]. - The company specializes in resource utilization and green chemical products, with major products including organic synthesis intermediates, solvents, and polyether amines [2]. - Changde Technology is a leader in the domestic market for the comprehensive utilization of caprolactam by-products [4]. Group 3: Strategic Partnerships and Industry Context - Sinopec Capital acquired a 4.79% stake in Changde Technology, indicating a strategic partnership that aligns with Sinopec's broader goals in the chemical sector [2]. - The caprolactam project is a key focus, as it is essential for nylon-6 production, which has historically been reliant on imports due to high domestic production costs [3]. - Sinopec has developed new green production technologies for caprolactam, significantly increasing China's self-sufficiency from less than 15% to 98% [3]. Group 4: Product Offerings and Market Competition - Changde Technology is a major supplier of polyether amines, particularly for epoxy resin curing agents used in wind turbine blades, with notable clients including leading new material companies [6]. - The company is one of the few in China producing propylene glycol using a water-based method, positioning itself as a high-quality supplier in the market [7]. - Financially, Changde Technology reported a revenue of 719 million yuan for the first half of 2025, a 9.73% increase year-on-year, with a net profit of 49.25 million yuan, reflecting a 22.19% growth [7].