CSRC approves Jiangnan New Materials' IPO registration

On December 13th, the China Securities Regulatory Commission issued a reply regarding the approval of the initial public offering of shares by Jiangxi Jiangnan New Materials Technology Co., Ltd. It is reported that Jiangnan New Materials plans to list on the main board of the Shanghai Stock Exchange, with CITIC SEC as the IPO sponsor, and plans to raise 384 million yuan. The prospectus shows that Jiangnan New Materials is mainly engaged in the research, development, production, and sales of copper-based new materials. The company's core products include copper ball series, copper oxide powder series, and high-precision copper-based heat sink series. The self-developed copper ball series products have been applied in various types and processes of PCB and copper plating process of photovoltaic cell panels. The copper oxide powder series products have been applied in PCB copper plating process, lithium battery PET composite copper foil manufacturing, and organosilicon monomer synthesis catalyst fields. The high-precision copper-based heat sink series products have been applied in the field of PCB embedded heat dissipation technology. Currently, the company's downstream customers cover most of the leading PCB manufacturing enterprises at home and abroad, including Avary Holding, Suzhou Dongshan Precision Manufacturing, Jianding Technology, Shennan Circuits, Han Yu Bode, Shenzhen Kinwong Electronic, Zhichao Technology, Aoshikang Technology, Victory Giant Technology, Suntak Technology, Dingying Electronics, Bomin Electronics, and others.