Inkcore Corporation's GEM IPO has been accepted, focusing on the research, development, production, and sales of digital printing inks.

On December 25th, Meiko New Material Group Co., Ltd. (referred to as "Meiko Group") IPO on the Shenzhen Stock Exchange ChiNext has been accepted. Huatai United Securities is its sponsoring organization, planning to raise 720 million yuan. The prospectus shows that Meiko Group is mainly engaged in the research, production, and sales of digital inkjet inks. Its main products include dispersion inks, coating inks, UV inks, water-based dye inks, etc. The company's products are applied to emerging digital inkjet technology, which integrates high-tech such as computers, electromechanical integration, precision machinery manufacturing, and fine chemical engineering. Mainly using digital equipment and inkjet technology, the digital inkjet inks are printed onto substrates to form patterns through a controlled system according to a set program. During the reporting period, the composition of the company's main operating income is as follows: The digital inkjet inks produced by the company are key consumables, supporting digital inkjet equipment with core components such as inkjet heads, system boards, and other accessories, mainly used in the fields of digital printing on textiles, advertising images, desktop office printing, packaging and publishing, electronic circuits, architectural decoration, crafts decoration, etc. According to statistics from the China Printing and Equipment Industry Association, the market size of digital inkjet inks in China was 145,300 tons in 2022, with a forecast of 162,800 tons in 2023 and 192,100 tons in 2024. The market share of digital inkjet inks in China calculated based on the above data is as follows: The funds raised this time are intended to be used for the following projects after deducting the issuance expenses: The prospectus points out that raw materials account for a high proportion of the company's operating costs, which may face risks of supply shortages and price fluctuations. During the reporting period, the proportion of direct materials to main operating costs was 79.70%, 79.76%, 80.46%, and 81.66% respectively. In terms of finance, Meiko Group achieved operating income of approximately 522 million yuan, 618 million yuan, 727 million yuan, and 590 million yuan in 2022, 2023, 2024, and the period from January to September 2025. During the same period, the net profit was 57.57 million yuan, 120 million yuan, 143 million yuan, and 94.7485 million yuan respectively.