Qingquan Group's IPO application on the Growth Enterprise Market has been accepted. MACM products have a global market share of approximately 28%.

On December 29, Jiangsu Qingquan Chemical Co., Ltd. (referred to as Qingquan) IPO on the Shenzhen Stock Exchange's Growth Enterprise Market has been accepted. Guosen is the sponsoring institution, planning to raise 492.3 million yuan. The prospectus shows that Qingquan is a national-level "little giant" enterprise specializing in the research, production, and sales of special fine chemicals and special high polymer new materials, focusing on the preparation of high polymer new materials and monomers with characteristics such as high transparency, high weather resistance, and high temperature resistance, as well as the comprehensive utilization and development of non-grain bio-based material furfural, and has built four major product systems covering new material monomers, green solvents, pharmaceutical and pesticide intermediates, and special high polymer new materials, widely applied in fields such as aerospace, wind power, automotive, electronics, medical equipment, chemical industry, pharmaceuticals, and pesticides. Third-party testing institutions have tested the company's core products, the new material monomer MACM, green solvent 2-MeTHF, key promotion product polyimide OPI series, new material monomer CHDM, and their performance has reached industry high standards, comparable to industry main competitors. The company's core products have a high market competitiveness and industry position in their respective segments. According to reports released by EO Intelligence and the company's sales data calculations, by 2024, the company's MACM product is expected to have a global market share of approximately 28%, and the company's 2-MeTHF product to have a global market share of approximately 19%. The funds raised from this issuance and listing will be invested in projects related to the company's main business, as follows: Financially, in the years 2022, 2023, 2024, and the first half of 2025, Qingquan's operating income is expected to be approximately 687 million yuan, 713 million yuan, 797 million yuan, and 396 million yuan; while the corresponding net profits are expected to be approximately 52.83 million yuan, 81.82 million yuan, 98.66 million yuan, and 57.91 million yuan respectively.