The IPO of Zhongsu Group on the ChiNext board has been inquired about, with a planned fundraising of approximately 645 million yuan.

On October 19, Guangdong Zhongsu New Materials Co., Ltd. (referred to as Zhongsu shares) applied to the Shenzhen Stock Exchange GEM for a change in the status of the listing review to "inquiry completed", with Guosen serving as its sponsor institution, intending to raise 645.49 million yuan. According to the prospectus, Zhongsu shares is a high-tech enterprise and a national level specialized and new focus "little giant" enterprise focusing on the research and development, production, and sales of modified engineering plastics, creating a product matrix centered around high-performance engineering materials and specialty functional materials. The main business of Zhongsu shares is the research, production, and sales of modified engineering plastics. The company's main products are used in industries such as consumer electronics, energy storage, automotive, home appliances, etc., with end products including mobile phones, smart wearable devices, tablets and laptops, Bluetooth speakers, storage power supplies, new energy vehicles, and home appliances. The company, with the rapid iteration of products in industries such as consumer electronics and the demand for high quality, focuses on the development of high value-added modified engineering plastic products to meet the personalized material needs of downstream products. The company will fully utilize the experience and industry resources accumulated in the modified plastic industry over the years, adapt to the development trend of downstream applications, and expand innovative application areas including Siasun Robot&Automation and low-altitude economy; the company will always adhere to technological innovation and research and development investment, effectively promote the continuous innovation and upgrading of products, accelerate the import substitution of advanced new materials, and realize the vision of building the company into a world-class new materials enterprise. After deducting the issuance expenses from the funds raised this time, they will be used for investment projects related to the main business and supplementary working capital, specifically as follows: Financially, the company's operating income and net profit continue to grow, achieving operating revenues of 493 million yuan, 537 million yuan, 670 million yuan, and 152 million yuan, and net profits of 51.71 million yuan, 78.997 million yuan, 100 million yuan, and 25.7028 million yuan in the fiscal years 2022, 2023, 2024, and January-March 2025, respectively.