Changyu Group submitted its application for an IPO on the Shanghai Stock Exchange, specializing in zirconium products and special nylon products.

On December 22nd, Changyu Holdings Group Co., Ltd. (referred to as Changyu Group) applied for a change in the IPO review status of the Shanghai Stock Exchange main board to "registration submitted". Southwest is its sponsor institution, aiming to raise 700 million yuan. The prospectus shows that Changyu Group is mainly engaged in the research and development, production, and sales of zirconium products, special nylon products, and fine chemical products. The main products include zirconium oxychloride, zirconium carbonate, zirconium oxide, nano-composite zirconium oxide, special nylon, long-chain dicarboxylic acids, long-chain diols, and long-chain dimethyl esters. The company's products are widely used in the automotive, communications, consumer electronics, high-performance ceramics, medical and other fields. The company has established a relatively complete sales network and service system, and its products are widely sold in mainland China, Europe, the United States, Japan, South Korea, India, Southeast Asia, and other countries and regions. Zirconium products and special nylon products are the company's main sources of revenue and profit. The company is a well-known supplier of zirconium products and special nylon products in the industry, with the largest global capacity for zirconium oxychloride production, and leading domestic production capacity and variety for special nylon. In terms of zirconium products, the company currently has a production capacity of 75,000 tons/year of zirconium oxychloride, making it the largest producer of zirconium oxychloride in the world. Zirconium products are widely used in high-performance ceramics, communications, consumer electronics, cosmetics, medical, catalysts, and many other fields, closely related to the economy and people's livelihood. The downstream market demand remains stable in the long term. The development of traditional zirconium products such as zirconium oxychloride is relatively mature, with concentrated capacity and a stable competitive landscape. The company has the largest global capacity for zirconium oxychloride production, ranking first in market share globally and holding a dominant position in the zirconium products industry. During the reporting period, the company's sales of zirconium products were 52,675.46 tons, 57,322.65 tons, 63,982.44 tons, and 34,780.79 tons respectively, with sales scale maintaining a stable and positive growth trend. In terms of special nylon products, the company currently has an annual production capacity of 15,000 tons of special nylon polymerization, leading the domestic capacity scale and offering a rich variety of special nylon products. The funds raised in this issuance, after deducting issuance expenses, are planned to be used for the following projects: Financially, as of June 30th of the years 2022, 2023, 2024, and 2025, Changyu Group's revenue is expected to be approximately 1.669 billion yuan, 1.608 billion yuan, 1.638 billion yuan, and 896 million yuan respectively; while the net profit is expected to be approximately 260 million yuan, 196 million yuan, 215 million yuan, and 114 million yuan respectively during the same period.