CSRC approves the resubmission of materials for the Sci-Tech Innovation Board IPO registration.

On December 25th, the China Securities Regulatory Commission issued the approval for the initial public offering of stock of Yan Research Metal Composite Materials (Beijing) Co., Ltd. It is reported that Yan Research Composite Materials plans to list on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with CITIC SEC as the sponsor institution, intending to raise 900 million RMB. According to the prospectus, Yan Research Composite Materials is a high-tech enterprise mainly engaged in the research, development, production, and sale of metal composite materials and products, as well as special alloy products. Its business is divided into metal composite materials and products and special alloy product sectors. Its main products include metal-based composite materials and products, bimetal composite materials and products, special aluminum alloy products, and special copper alloy products, which are widely used in the aerospace, military electronics, smart terminals, household appliances, and other industries. Currently, the company's main metal-based composite material product is aluminum-based composite materials. The company's aviation forging products have been mass-produced and applied in helicopters and fixed-wing aircraft, achieving the first application and import substitution of key components in China's aviation industry, making the company the sole supplier of such products in the country.