Changyu Group's IPO on the Shanghai Stock Exchange has been "inquired" and its production capacity of zirconium oxychloride is the largest in the world.

On June 13, Changyu Holdings Group Co., Ltd. (referred to as Changyu Group) applied for a change in the status of its listing review on the Shanghai Stock Exchange to "under inquiry." Southwest is its sponsoring institution, and it plans to raise 700 million yuan. The prospectus shows that Changyu Group mainly engages in the research, development, production, and sale of zirconium products, special nylon products, and fine chemical products. Its main products include zirconium oxychloride, zirconium carbonate, zirconium oxide, nano-composite zirconium oxide, special nylon, long carbon chain diacids, long carbon chain diols, and long carbon chain dimethyl esters. The company is a well-known supplier of zirconium products and special nylon products in the industry, with the largest global production capacity for zirconium oxychloride and leading domestic production capacity and variety for special nylon. With the deepening of supply-side structural reforms, the green development and transformation and upgrading of the chemical industry continues to advance, and China's transition from an economic power to an economic powerhouse, the application of zirconium materials in the national defense and military industries and high-end manufacturing industries, such as 5G, electronic information and communication, will increase. According to QYResearch's "Global Zirconium Oxychloride Market Research Report 2024-2030," the global zirconium oxychloride market is expected to reach $750 million in 2030. Zirconium oxychloride is the basic raw material for many composite, stable zirconium oxide, and special performance zirconium materials. As downstream demand increases, the market capacity for zirconium oxychloride will continue to expand. Changyu Group's products are widely used in the automotive, communication, consumer electronics, high-performance ceramics, medical and other fields, and are sold in mainland China, Europe, the United States, Japan, South Korea, India, Southeast Asia, and other countries and regions. It has established good cooperative relationships with industry-leading companies such as Shandong Sinocera Functional Material, First Rare Earth, Japan Tosoh, BYD Company Limited, Solvay, Kingfa Sci. & Tech., Swiss EMS, and Korean Hanwha Group. Financially, in the years 2022, 2023, and 2024, Changyu Group achieved operating revenues of approximately 1.669 billion yuan, 1.607 billion yuan, and 1.637 billion yuan respectively; during the same period, net profits were approximately 255 million yuan, 189 million yuan, and 208 million yuan respectively.