Jiangnan New Materials, a copper-based new materials manufacturer, is planning to go public on the Shanghai Stock Exchange and list on the main board.

Jiangnan New Materials (603124.SH) has released the prospectus for its initial public offering and listing on the main board, with a maximum number of 36,436,300 shares to be issued, accounting for no less than 25% of the total shares after issuance. All shares to be issued in this issue are new shares, and the original shareholders will not publicly offer shares. The initial price inquiry date is March 5, 2025, and the subscription date is March 10, 2025.

The initial strategic allocation is 7,287,260 shares, accounting for 20.00% of the total number of shares to be issued. The final strategic allocation ratio and amount will be determined after the issuance price is determined on March 6, 2025 (T-2). The difference between the final strategic allocation quantity and the initial strategic allocation quantity of the participating strategic allocation investors will be redistributed according to the principles of the backfill mechanism.

The Company mainly engages in the research, production and sales of copper-based new materials. Its core products include copper ball series, copper oxide powder series and high-precision copper-based heat dissipation plate series. Its independently developed copper ball series has been applied in various types and processes of PCB and copper plating process of photovoltaic battery panels; its copper oxide powder series has been applied in PCB copper plating process, manufacturing of PET composite copper foil for lithium batteries, and catalyst for the synthesis of organic silicone monomers; its high-precision copper-based heat dissipation plate series has been applied in the buried heat dissipation process of PCB. The Company's core product chain terminals cover communication, computer, consumer electronics, automotive electronics, industrial control and medical, aerospace, new energy, and organic silicone, etc.

During the reporting period, the Company's revenue was RMB6.284 billion, RMB6.23 billion, RMB6.818 billion and RMB4.107 billion respectively, with a large scale and an overall upward trend. During the reporting period, the Company's main product copper balls had a capacity of 100,800 tons, 100,800 tons, 100,800 tons and 50,400 tons respectively, with a large capacity and stable.

The Company plans to invest a total of RMB384 million in the following projects after deducting the issuance expenses: the annual production of 12,000 tons of electronic-grade copper oxide powder project, the research and development center project, the marketing center project and the replenishment of working capital.