Spring Light Group submits application for IPO on the ChiNext Board, aiming to raise 751 million yuan.

On February 24, Shandong Jinhua Chunguang Technology Group Co., Ltd. (referred to as Chunguang Group) applied for a change in the review status of its IPO on the Shenzhen Stock Exchange's Growth Enterprise Board to "registration submitted." CICC is its sponsor institution, with plans to raise 750.71 million yuan. According to the prospectus, the company is mainly engaged in the research, production, and sales of soft ferrite magnetic powder, and has developed products such as soft ferrite magnetic cores, electronic components, and power supplies along the industrial chain. The company's various industrial sectors complement each other and promote each other, driving the synergistic development of the business and forming specific advantages in technology and industrial development within the industry. The company has long been deeply involved in the field of manganese-zinc soft ferrite materials, and through years of product innovation and process improvement, it has become one of the few manufacturers in the industry able to supply stable quality and excellent performance of soft ferrite materials on a large scale. During the reporting period, sales volumes of soft ferrite magnetic powder (excluding internal sales) were 76,800 tons, 82,200 tons, 101,600 tons, and 50,100 tons respectively. According to data and calculations from the Magnetic Materials Branch of the China Electronics Materials Industry Association, the company's sales volume of soft ferrite magnetic powder ranked first in the country in the fiscal years 2022, 2023, and 2024. The company's products are widely used in new energy vehicles and charging piles, smart homes and appliances, communication power supplies and equipment, green lighting, photovoltaic energy storage, Internet of Things, medical fields, etc., and products have entered the supply system of well-known end customers, reflecting the company's comprehensive competitive advantages in production capacity, performance level, reliability, etc. With deep technical expertise, the company and its subsidiaries have been recognized in recent years as "National Manufacturing Single Champion Enterprises," "Shandong Province's 'Top Ten' Industry Cluster Leading Enterprises," and have received numerous honorary titles such as "China's Top Ten Professional Magnetic Materials" and "Shandong Private Enterprises Top Ten Leading Enterprises in New Materials Industry" and "Shandong Province's Invisible Champion of SMEs." Currently, the company has a national-level postdoctoral workstation, Shandong Province Magnetic Materials Technology Innovation Center, Shandong Province Enterprise Technology Center, Shandong Province "One Enterprise One Technology" Research and Development, and other high-level scientific and technological innovation platforms; in addition, the company has undertaken numerous national and provincial research projects such as national-level leading talent projects, major technological innovation projects in Shandong Province, and Shandong Province's Taishan industry leading talent projects. In terms of performance, in the fiscal years 2022, 2023, 2024, and January-June 2025, the company achieved operating income of approximately 1.015 billion yuan, 930 million yuan, 1.077 billion yuan, and 546 million yuan respectively. During the same period, the company's net profit was approximately 77.1375 million yuan, 87.0332 million yuan, 98.8897 million yuan, and 58.5125 million yuan respectively.