Jinhua New Materials: Focusing on the fine chemical industry, it is laying out f
On September 5, 2025, Zhejiang Jinhua New Materials Co., LTD. (hereinafter referred to as "Jinhua New Materials") disclosed the draft of its prospectus for registration, planning to issue and list on the Beijing Stock Exchange.
It is understood that Jinhua New Materials mainly engages in the research and development, production and sales of ketoxime series fine chemicals. Its main products include silane crosslinking agents, hydroxylamine salts, methoxyamine hydrochloride, acetaldehyde oxime, etc.
As an innovation benchmark in the domestic fine chemical industry, Jinhua New Materials has continuously led the way in the silane crosslinking agent and hydroxylamine salt sub-sectors with its unique "oxime-oxime-silane-hydroxylamine salt" green circular industrial chain technology, demonstrating outstanding technical strength and market competitiveness. This technology has achieved efficient recycling of reaction raw materials, with an atomic utilization rate of over 95%, significantly reducing raw material consumption and environmental impact. The discharge of the three wastes has been reduced by 70% compared to the industry average, making it a national green factory and a specialized, refined, distinctive and innovative "little giant" enterprise. The company has established a significant advantage in the market. Its domestic market share of silane crosslinking agents exceeds 38%, and that of hydroxylamine salts has surpassed 42%, firmly holding the top position in the industry. Over the past three years, its compound annual growth rate of net profit has been as high as 62.8%, demonstrating strong profit growth potential.
Its products are widely used in high-growth fields such as new energy, electronic semiconductors, and new energy vehicles. Particularly in the photovoltaic industry, each GW of modules consumes 220 to 280 tons of silane crosslinking agents, providing the company with continuous growth momentum. Jinhua New Materials has established stable cooperative relationships with well-known domestic and foreign enterprises such as Bayer and Wanhua Chemical, and its product quality has been highly recognized by the market. The company attaches great importance to research and development innovation. Its R&D team is led by professor-level senior engineers and doctors, and it holds 46 authorized invention patents. In the past three years, the proportion of R&D investment has remained above 4.6%, which is higher than the industry average. By establishing a provincial key enterprise research institute and a postdoctoral workstation, Jinhua New Materials continuously promotes technological iteration and product upgrading.
Jin Hua New Materials plans to issue no more than 32.6667 million shares in this public offering, raising a total of 593 million yuan. Among this, 63.105 million yuan will be used for the intelligent factory construction project of the ketoxime industrial chain, 23 million yuan for the 500-ton/year JH-2 pilot project, and 506.8975 million yuan for the 60kt/ year high-end coupling agent project.
In the future, the company plans to further expand its production capacity through fundraising and investment projects, lay out pilot projects for high-end coupling agents and new materials, build intelligent factories, and continuously strengthen its leading position in the fields of green chemistry and functional materials. Jinhua New Materials is advancing from a leading player in a niche field to a platform enterprise. Driven by innovation, it showcases the high-quality development achievements of China's fine chemical industry to the world and creates long-term value for investors and the industry.
