Kangrui New Materials' application for an IPO on the Shenzhen Stock Exchange Main Board has been "inquired". They have been deeply cultivating the field of precision metal materials for over twenty years.

On July 15, Jiangsu Kaorui New Materials Technology Co., Ltd. (referred to as Kaorui New Materials) applied for a change in the status of the Shenzhen Stock Exchange's main board listing review to "inquiry received", with Guotai Haitong as its sponsoring institution, and plans to raise 1.10493 billion yuan. The prospectus shows that Kaorui New Materials has been deeply involved in the field of precision metal materials for more than twenty years, focusing on the research, production, and sales of high-precision, high-performance, and specific-structure precision metal materials. The company has established a complete technical system of precision metal materials with titanium alloy smelting, precision rolling, rolling composite, drawing, and heat treatment as its core, and has also deployed metal powder production, powder metallurgy, metal 3D printing, and other metal precision manufacturing technologies. The company's products include metal laminated composite materials, precision metal profiles, precision metal polished rods, fine metal wires, precision metal tubes, and other product forms, covering a variety of metal materials such as titanium-aluminum composites, titanium alloys, stainless steel, aluminum alloys, and a rich product matrix. Kaorui New Materials' products are mainly used in the fields of consumer electronics, industrial equipment, automotive parts, and daily consumer goods, with a focus on the consumer electronics field. In the field of consumer electronics, the company's products have been widely used in smart phone frames, buttons, SIM card slots, camera rings, smart watch cases, connectors, buttons, straps, and other metal structural materials for electronic products. In the field of consumer electronics, the company's main end customers are X company and Y company, and it has formed stable cooperative relationships with large consumer electronics product manufacturers such as Foxconn, BYD Company Limited, Shenzhen Everwin Precision Technology, Lingyi Itech, Lens Technology, and Lianfeng Group. The company has already established a titanium alloy material production line, and products such as titanium alloy precision profiles have started using self-produced titanium alloy materials, with additional purchases of sponge titanium and other raw materials, with the main supplier being China Titanium Corporation. After deducting issuance expenses, the company plans to invest in the following projects in order of priority: In terms of finance, Kaorui New Materials is expected to achieve operating revenues of approximately 1.053 billion yuan, 2.486 billion yuan, and 2.998 billion yuan in 2022, 2023, and 2024 respectively; during the same period, the company is expected to achieve net profits of approximately 47.556 million yuan, 229 million yuan, and 404 million yuan respectively.