Shuguang Group's IPO on the Shanghai Stock Exchange has been "terminated". Currently, it has the capacity to produce 500,000 tons of decanol per year.

On March 27, Anhui Shuguang Chemical Group Co., Ltd. (referred to as Shuguang Group) had its IPO status on the Shanghai Stock Exchange main board changed to "terminated." This is because Shuguang Group and its sponsor withdrew their application for listing, leading to the termination of the IPO review process by the Shanghai Stock Exchange in accordance with relevant provisions in the Stock Listing Review Rules. The prospectus shows that Shuguang Group is a large comprehensive chemical enterprise mainly engaged in cyanide chemicals, modern coal chemical industry, fine chemicals, and new chemical materials, integrating science, industry, and trade. While focusing on the cyanide business, they also adhere to a "multi-headed, multi-line" product layout strategy, actively expanding the "coal" and "gas" businesses, and continuously enriching product categories. They currently have three major business sectors in cyanide chemicals, butylene octanol, and coal-to-hydrogen, and are actively promoting the development of the BDO business sector. At present, the company has an annual production capacity of 74,000 tons of cyanide, 500,000 tons of butylene octanol, and a production capacity of 85,500 standard cubic meters of hydrogen gas (synthetic gas) per hour. Simultaneously, they are constructing a production facility with an annual capacity of 100,000 tons of BDO and 120,000 tons of PBAT (which entered the trial production stage in August 2025), and actively preparing to build production facilities for 46,000 tons of PTMEG annually, 21,000 tons of EDTA, and its sodium salt. Currently, the company's products mainly include butylene octanol, cyanide chemicals, and hydrogen gas, steam, methanol, liquid ammonia, etc. produced by the coal-to-hydrogen production line; after the completion of the ongoing projects, the company's products will further expand to include BDO, PBAT, PTMEG, and other products. The net proceeds from the fundraising after deducting issuance expenses will be invested in the following projects: Financially, in the 2022 fiscal year, 2023 fiscal year, 2024 fiscal year, and the first 6 months of 2025, Shuguang Group achieved operating revenues of approximately 3.658 billion, 3.547 billion, 3.539 billion, and 2.159 billion yuan, respectively; during the same period, net profits were approximately 361 million, 505 million, 440 million, and 232 million yuan, respectively.