A-share subscription | Jinhua New Materials (920015.BJ) opens subscription to focus on the production, research and sale of ketoxime series fine chemicals

The Zhitong Finance App learned that on September 16, Jinhua New Materials (920015.BJ) began subscription. The issuance price was 18.15 yuan/share. The maximum subscription price was 1,551,600 shares, with a price-earnings ratio of 11.52 times. It belongs to the Beijing Stock Exchange, and Zheshang Securities is its sponsor.

According to the prospectus, Jinhua New Materials is engaged in R&D, production and sales of ketoxime series fine chemicals. The main products include silane crosslinkers, hydroxylamine salts, methoxamine hydrochloride, acetaldehyde oxime, etc., which are mainly used in construction materials, energy and electricity, electronics, new energy vehicles, pesticides, pharmaceuticals, metal extractants, ion exchange resins and environmentally friendly dyes.

Jinhua New Materials's silane crosslinker products are mainly used as key raw materials for the production of silicone sealants and adhesives. The terminal products are widely used in other fields such as construction materials, energy and electricity, electronics and new energy vehicles, and are key products in the field of new materials in the country's strategic emerging industries; the company's hydroxylamine salt products are mainly used to produce broad-spectrum high-efficiency, low-toxic pesticides and antimicrobials, high-efficiency and environmentally friendly metal extractants, novel ion exchange resins, and environmentally friendly dyes.

According to the national silane crosslinker production data according to ACMI/SAGSI statistics and combined with the company's silane crosslinker production calculation, the domestic market share of the company's silane crosslinker in 2022, 2023, and 2024 was 27.85%, 31.60%, and 38.16% respectively; according to the national hydroxylamine salt market size and sales data combined with the company's hydroxylamine salt sales, the domestic market share of the company's hydroxylamine salt in 2022, 2023 and 2024 was 34.86%, respectively , 33.21%, 42.37%

With excellent product quality, technological advantages and strong production and delivery capabilities, during the reporting period, Jinhua New Materials has established stable cooperative relationships with large multinational companies such as Bayer and Bruntag, as well as listed companies such as Wanhua Chemical (600309.SH), Xinan (600596.SH), Xianda (603086.SH), Lianhua Technology (002250.SZ), and Hunan Haili (). 600731.SH

In addition, domestic and foreign listed companies such as Silicon Bao Technology (300019.SZ), Fuller (FUL.US), Jitai (002909.SZ), Huitian New Materials (300041.SZ), Dongfang Yuhong (002271.SZ), Lanxiao Technology (300487.SZ), Syns (688480.SH), and Kangpu Chemical (834033.BJ) are all terminal customers of the company's major traders.

According to the resolution of the first extraordinary general meeting of shareholders of the company in 2024 and the sixth meeting of the sixth board of directors, the net amount of the capital raised by the company in this issuance after deducting the issuance fee will all be used for the following projects:

On the financial side, in 2022, 2023, and 2024, Jinhua New Materials achieved operating income of approximately 994 million yuan, 1,115 million yuan, and 1,239 million yuan, respectively. Net profit for the same period was approximately 79.5922 million yuan, 173 million yuan, and 211 million yuan, respectively.