Ink Bank Co., Ltd.'s GEM IPO “terminated” the digital inkjet printing ink market share in the top three among similar products in China

The Zhitong Finance App learned that on August 22, Shenzhen Moku New Materials Group Co., Ltd. (abbreviation: Moku Co., Ltd.) Shenzhen Stock Exchange GEM IPO review status changed to “terminated”. The Shenzhen Stock Exchange decided to terminate its issuance and listing review in accordance with Article 62 of the “Shenzhen Stock Exchange Stock Issuance and Listing Review Rules” due to the withdrawal of the issuance and listing application by Moku Co., Ltd. and its sponsor.

According to the prospectus, the company is mainly engaged in the R&D, production and sales of digital inkjet ink. It is a leading digital inkjet ink manufacturing supplier in China, a national-level specialty, “little giant” enterprise and a national high-tech enterprise. It has been recognized as China's digital printing inkjet ink R&D and production base, Guangdong inkjet ink engineering technology research center, and a leading enterprise in the Chinese inkjet industry. The company's industry is in the new materials industry. The company's products have been included in the “New Material Industry” category in the “Strategic Emerging Industry Classification (2018)” catalogue by the National Bureau of Statistics, and belong to the “digital inkjet printing” and “production of energy-saving and environmentally friendly inks such as water-based inks, energy-curing inks, vegetable oil inks, etc.” in the National Development and Reform Commission's “Industrial Structure Adjustment Guidance Catalogue”.

The company's products are used in emerging digital printing technology. This technology integrates high-tech technologies such as computers, mechatronics, precision machinery manufacturing, and fine chemicals. It mainly uses digital equipment and inkjet printing technology to print digital inkjet ink according to set procedures to form a pattern on the printing material through a control system. Digital printing is an advanced, environmentally friendly, and rapidly developing printing technology. It can drastically reduce energy consumption and environmental pollution, conforms to the country's energy saving and emission reduction, green and low-carbon policy guidelines, and perfectly fits the strategies of various industrial printing fields to digitalization, intelligence, energy saving and environmental protection. It is a key technology for the development of traditional industries to digital, innovative, green and new quality productivity.

The digital inkjet ink produced by the company is used as a key consumable. It is used in digital printing equipment with core components such as digital nozzles, system boards, and other accessory products. It is mainly used in digital textile printing, advertising images, desktop office printing, packaging and publications, electronic circuits, architectural decoration, and craft decorations.

According to the “Certificate” issued by the China Printing and Dyeing Industry Association, Ink Bank Co., Ltd. specializes in the development and production of digital inkjet ink. From 2022 to 2024, Ink Bank Co., Ltd. ranked in the top three digital inkjet printing ink market share among similar products in China. According to the “2024 Global Ink Company Ranking” published by the internationally renowned magazine “InkWorld”, a total of 31 companies are on the list. Companies on the same list include companies, DIC/Sun Chemical, Flint Group, Siegwerk Group, Fujifilm, DuPont, HP, etc.

On the financial side, in 2023, 2024, and 2025, the company achieved operating income of approximately 618 million yuan, 727 million yuan, and 806 million yuan respectively; net profit for the same period was approximately 120 million yuan, 143 million yuan, and 123 million yuan, respectively.