A-share subscription | Huixinye New Material (301683.SZ) opens subscription. The main business is the research, production, and sales of functional resin and functional coating materials.

On March 20, Huixinfencai (301683.SZ) started its initial public offering with an issue price of 78.38 yuan per share, a subscription limit of 40,000 shares, a price-earnings ratio of 34.91 times, listed on the Shenzhen Stock Exchange, and CITIC SEC as its sponsor institution. According to the prospectus, Huixinfencai is a company focusing on the field of polymer materials, as a platform-type functional coating material enterprise driven by independent research and development, committed to becoming a global leader in functional material technology innovation. The company's main business is the research, development, production, and sales of functional resins and functional coating materials, with molecular structure design as the technical origin, deepening the key technology research and industrial application of core functional resins, building two major technology platforms for functional resins and functional coating materials, and establishing core competitive barriers. Relying on the integration and collaboration of the dual technology platforms of functional resins and coating materials, closely combining with the development context of the national economy and the demand map for key materials, the company has successfully developed a coating material system with multiple characteristics such as optical regulation, electrical conductivity and thermal conductivity, mechanical reinforcement, and corrosion resistance. A "1+1+N" industrial layout system for downstream applications in home appliances, packaging, new energy, and electronics has been formed, dedicated to the sustainable development of society and industrial chain, continuously cultivating new productive forces. Starting from the design of molecular structure, the company has precise molecular structure design and controllable synthesis technology for organic silicon, polyurethane, polyester, acrylic acid, epoxy, and other diverse material systems, building a functional resin technology platform, and achieving self-supply for most functional resins. According to the different needs of customers, appropriate resin systems are selected, and coated materials are compounded based on the coating material technology platform, ensuring that the products meet specific functional requirements while having good coating performance, solving the key material needs of downstream customers. In terms of finance, for the years 2022, 2023, 2024, and January-June 2025, the company achieved operating income of approximately 664 million yuan, 717 million yuan, 817 million yuan, and 496 million yuan respectively, with net profit attributable to the parent company's shareholders of approximately 30.09 million yuan, 109 million yuan, 146 million yuan, and 107 million yuan respectively.