IPO News: Changzhou Fusion New Material (688503.SH) submits documents to Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on January 14th, Changzhou Fusion New Material Co., Ltd. (referred to as Changzhou Fusion New Material, 688503.SH) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Huatai International and Jefferies as its joint sponsors. According to data from Zhushi Consulting, as of the nine months ending on September 30, 2025, the company's sales revenue of photovoltaic conductive paste ranked first among all photovoltaic conductive paste manufacturers globally. The company's core business is the development and manufacturing of a comprehensive portfolio of photovoltaic conductive paste products suitable for different photovoltaic cell structures, including TOPCon, PERC, HJT, and X-BC. According to the prospectus, the company is a research-driven advanced materials company located in China. Since its establishment in 2015, the company has been continuously investing in research and development to deepen its professional capabilities in the field of advanced materials, especially photovoltaic conductive paste. The company's capabilities cover the synthesis of inorganic and organic materials, formulation design, manufacturing processes, analysis, and application development, forming a diversified product layout.