Changyu Group Aims to Raise 700 Million Yuan in Shanghai IPO

Changyu Group, a leading manufacturer of zirconium products and specialty nylon, has entered the inquiry stage for its initial public offering (IPO) on the Shanghai Stock Exchange. The company, backed by Southwest Securities, aims to raise 700 million yuan through this public listing. Changyu Group's primary products include zirconium oxychloride, zirconium carbonate, zirconium oxide, nano-composite zirconium oxide, specialty nylon, long-chain dibasic acids, long-chain diols, and long-chain dimethyl esters. The company is renowned for its extensive production capabilities, particularly in zirconium oxychloride, where it holds the largest global production capacity. Additionally, Changyu Group is a leading domestic supplier of specialty nylon, known for its diverse product range and high-quality offerings.

The company's products are widely used in various industries, including automotive, communications, consumer electronics, high-performance ceramics, and medical fields. Changyu Group's customer base is extensive, with sales reaching across the mainland China, Europe, the United States, Japan, South Korea, India, and Southeast Asia. The company has established strong partnerships with industry leaders such as Guoceramic Materials, First Rare Earth, Japan's Tohoku, BYD, Solvay, Jinfa Technology, Swiss EMS, and South Korea's Hanwha Group.

Changyu Group's financial performance has been robust, with revenue and net profit showing steady growth over the past three years. In 2022, 2023, and 2024, the company reported revenues of approximately 16.69 billion yuan, 16.07 billion yuan, and 16.37 billion yuan, respectively. Correspondingly, net profits for these years were approximately 2.55 billion yuan, 1.89 billion yuan, and 2.08 billion yuan.

As the global demand for high-performance materials continues to rise, particularly in sectors such as 5G, electronics, and information communication, the market for zirconium-based materials is expected to expand significantly. According to a market research report, the global zirconium oxychloride market is projected to reach 7.5 billion dollars by 2030. This growth is driven by the increasing use of zirconium materials in defense, aerospace, and high-end manufacturing industries. Changyu Group, with its leading production capabilities and extensive market reach, is well-positioned to capitalize on this growing demand and further solidify its position as a global leader in the zirconium and specialty nylon sectors.