A-share subscription | Domestic Top Three in Thermal Insulation Material! Jingeng New Material (920218.BJ) opens subscription.

On June 1st, Jinke New Materials (920218.BJ) began its IPO, with an issue price of 9.65 yuan per share and a maximum subscription limit of 1.0044 million shares. The stock has a P/E ratio of 14.93 times and is listed on the North Exchange, with CICC as its sponsoring institution. The prospectus shows that Jinke New Materials is a nationally recognized specialized and innovative small giant enterprise engaged in the research, production, and sales of functional materials. The company currently has product series such as thermal conductive powder materials, flame retardant powder materials, and absorbing powder materials. Downstream customers fill the company's products into polymer materials to give them thermal conductivity, flame retardancy, absorbance and other characteristics. The final products are widely used in fields such as new energy vehicles, consumer electronics, 5G communication, and photovoltaic energy storage. According to a certification issued by the Powder Technology Branch of the China Electronic Materials Industry Association in April 2024, the companys high-performance thermal conductive filler for electronic appliances has reached a leading level in terms of performance, and the market share (based on product sales quantity) ranks among the top three in the domestic industry. The company's products have successfully entered the supply systems of world-renowned companies such as Germany's Henkel, Hubei Huitian New Materials, Chengdu Guibao Science & Technology, as well as leading domestic listed companies. In the Chinese market, the market size of thermal conductive powder is showing strong growth momentum. According to data from the Head Leopard Research Institute, the market size in China was 10.746 billion yuan in 2024. In the coming years, the thermal conductive powder market in China is expected to continue to grow steadily, with the market size reaching 15.453 billion yuan by 2029. In terms of financials, in the fiscal years 2023, 2024, and 2025, the company achieved operating revenues of approximately 385 million yuan, 467 million yuan, and 534 million yuan, respectively; during the same periods, the company recorded net profits of approximately 41.2946 million yuan, 47.3891 million yuan, and 57.4827 million yuan.