On May 27, 2026, Zhejiang Jingtong New Materials Group Co., Ltd. (referred to as "Jingtong New Materials") submitted an application for a main board listing on the Hong Kong Stock Exchange, with China International Capital Corporation Limited (CICC) acting as the sole sponsor. The prospectus is available via the provided link.
Established in June 2010, Jingtong New Materials is a leading supplier of new polymer decorative stone-plastic composite materials, specializing in the research and development, production, and sales of green, sustainable, and multi-purpose decorative panel products. Its product line primarily includes new polymer decorative stone-plastic composite flooring and wall panels, which are widely used in residential, commercial, and public spaces. The company continues to explore applications for its new polymer decorative stone-plastic composite materials in other sectors.
According to data from Frost & Sullivan, mainland China is the world's leading exporter in the PVC decorative materials market, accounting for approximately 45% of global export value in 2025. Based on total export value from mainland China in 2025, Jingtong New Materials ranked first among all suppliers in the PVC decorative materials market. Furthermore, based on total exports to Europe in 2025, the company also ranked first among all Chinese suppliers in the same market.
From 2023 to 2025, the company reported revenues of approximately RMB 1.598 billion, RMB 2.219 billion, and RMB 2.307 billion, respectively. Corresponding annual profits were approximately RMB 230 million, RMB 337 million, and RMB 361 million for those years.
The board of directors of Jingtong New Materials consists of seven members, including three executive directors: Dai Huibin (57, founder, chairman of the board, and CEO); Zhang Shuhong (58, founder); and Tang Nianfeng (37, sales director). There are also four independent non-executive directors: Dr. Hong Ting'an (65, chairman of the China and Hong Kong Alumni Association of Warwick Business School); Dr. Liu Chunyan (58, associate professor at Tongji University School of Law); Dr. Miao Duoqian (62, professor at Tongji University School of Computer Science and Technology); and Dr. Yang Jintao (42, former independent director of Chunguang Technology).
Other senior management personnel at Jingtong New Materials include: Shan Zhongshun (39, chief financial officer, board secretary, and joint company secretary) and Zhou Guoqiang (44, financial controller).
To date, the controlling shareholders, who collectively hold approximately 92.38% of the shares, are Dai Huibin, Zhang Shuhong, Hangzhou Jingda Import & Export, Zhejiang Jinghongda, and Hangzhou Jinghe. The pre-IPO shareholding structure is illustrated in the provided chart.
The intermediary team for this IPO is led by the sole sponsor: China International Capital Corporation Limited (CICC).
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