Fosun Pharma plans to raise 3.981 billion yuan in A-share IPO filing.

On November 19th, Zhejiang Zhenshi New Materials Co., Ltd. (referred to as Zhenshi Co., Ltd.) applied for the status change of IPO review on the main board of the Shanghai Stock Exchange to "submit registration". CICC is its sponsor agency, and it plans to raise 3.981 billion yuan. The prospectus shows that Zhenshi Co., Ltd. is a national high-tech enterprise mainly engaged in the research, production and sales of fiber-reinforced materials in the clean energy field. Since its establishment, the company has been continuously providing high-quality and innovative solutions to downstream applications in the clean energy field from the material end, covering industries such as wind power generation, photovoltaic power generation, new energy vehicles, construction materials, transportation, electronics, electrical, and chemical environmental protection. After more than 20 years of development, the company has become a global leading professional manufacturer of wind turbine blade materials. In the field of wind turbine fiber fabrics, by 2024, Zhenshi Co., Ltd.'s global market share of wind turbine fiberglass fabrics exceeds 35%, and its production and sales scale is globally leading. In 2023, the company successfully developed and applied high-modulus fiberglass fabric for the production of extra-long blade substrate for the world's first ultra-large capacity 16 megawatt offshore wind turbine unit independently developed in China. In the field of wind turbine pultruded profiles, Zhenshi Co., Ltd. was the first in China to mass produce high modulus glass fiber and carbon-glass mixed pultruded profiles for wind turbine blade main beams, providing a series of solutions for industrial progress and industry development. This has promoted the large-scale and lightweight upgrade of wind turbine blades and the development of offshore wind turbine blades. The company's sales of wind power pultruded profiles rank among the top in the country. Zhenshi Co., Ltd. directly or indirectly covers the world's top ten wind turbine manufacturers through wind turbine blade manufacturers. It is also one of the first Chinese suppliers to supply fiberglass products to major wind turbine and blade manufacturers globally. Domestic customers include Ming Yang Smart Energy, Far East Energy, Sinoma Science & Technology, Zhuzhou Times New Material Technology, Ailang Technology, Sany Renewable Energy, and international customers include Vestas, Siemens Gamesa, TPI, Nordex, etc. The funds raised by the company this time are intended to be invested in the following projects: Financially, in the fiscal year 2022, 2023, 2024, and from January to June 2025, Zhenshi Co., Ltd. achieved operating income of approximately 5.267 billion yuan, 5.124 billion yuan, 4.439 billion yuan, and 3.275 billion yuan respectively; during the same period, the company achieved net profit of approximately 781 million yuan, 793 million yuan, 607 million yuan, and 404 million yuan respectively.