CSRC agrees to Qiangbang New Materials' IPO registration on the Shenzhen Stock Exchange Main Board.

On February 23, the China Securities Regulatory Commission issued the "Approval for Anhui Qiangbang New Material Co., Ltd.'s Initial Public Offering of Stocks". Qiangbang New Material intends to go public on the Shenzhen Stock Exchange main board, with Haitong as the IPO sponsorship institution, aiming to raise 668 million yuan. The prospectus shows that Qiangbang New Material is mainly engaged in the research, development, production, and sales of printing plates, and is one of the largest domestic manufacturers of printing plates. Since its establishment, the company has always focused on the research and development of photosensitive materials and their application in printing plates, and has established a complete product system of printing plates. As a high-tech enterprise with independent research and continuous innovation capabilities, the company is committed to providing customers with highly photosensitive, high printing resolution and durability, and stable performance printing plate products. After nearly 20 years of development in the printing plate business, the company now has 7 offset plate production lines and 1 flexographic plate production line, with an annual production capacity of 80 million square meters for offset plates. It has grown into one of the largest privately-owned printing plate production enterprises in China, and is one of the few domestic manufacturers that master the key materials and core technology processes for flexographic plates. Qiangbang New Material has established a comprehensive sales network in various provinces and cities across the country, and has gradually expanded from domestic to global markets, establishing sales service systems in Europe, East Asia, Southeast Asia, and other regions. Its products are sold to 28 provinces, municipalities, and autonomous regions in China, as well as to over 60 countries and regions overseas. According to the Printing Equipment Branch of the China Printing and Equipment Industry Association, the company's sales volume has consistently ranked second in China and among the top five globally during the reporting period. Financially, for the three years from 2020 to 2022, the company's operating income is approximately 1.093 billion yuan, 1.503 billion yuan, and 1.588 billion yuan respectively, with net profits of 76.6772 million yuan, 70.467 million yuan, and 98.8916 million yuan respectively.