On February 24, Shandong Chunguang Technology Group Co., Ltd. (Chunguang Group) saw the status of its IPO application for the Shenzhen Stock Exchange's ChiNext board updated to "registration submitted." China International Capital Corporation Limited served as the sponsor for the offering, which aims to raise 750.71 million yuan. According to the prospectus, the company is primarily engaged in the R&D, production, and sales of soft ferrite magnetic powder and has expanded along the industrial chain to develop soft ferrite cores, electronic components, and power supply products. Its various industrial segments complement and reinforce each other, fostering synergistic business development and establishing specific advantages in technology and industrial growth within the sector. The company has long been dedicated to the manganese-zinc soft ferrite materials field. Through years of product innovation and process improvements, it has become one of the few manufacturers in the industry capable of large-scale supply of high-quality, stable-performance soft ferrite materials. During the reporting period, sales volumes (excluding internal sales) of soft ferrite magnetic powder were 76,800 tons, 82,200 tons, 101,600 tons, and 50,100 tons, respectively. Data and calculations from the Magnetic Materials Branch of the China Electronic Materials Industry Association indicate that the company ranked first domestically in soft ferrite magnetic powder sales volume in 2022, 2023, and 2024. The company's products are widely used in new energy vehicles and charging piles, smart homes and appliances, communication power supplies and equipment, green lighting, photovoltaic energy storage, the Internet of Things, medical fields, and more. Its products have entered the supply chains of well-known end customers, reflecting comprehensive competitive advantages in production capacity, performance levels, and reliability. Leveraging deep technological expertise, the company and its subsidiaries have recently been recognized as "National Manufacturing Single Champion Enterprises," "Leading Enterprises in Shandong's Top Ten Industrial Clusters," and have received honors such as "Top Ten Chinese Magnetic Materials Specialized Enterprises," "Top 10 Leading Enterprises in Shandong's Private Sector New Materials Industry," and "Shandong SME Hidden Champion." Currently, the company operates a national postdoctoral workstation, the Shandong Provincial Magnetic Materials Technology Innovation Center, the Shandong Provincial Enterprise Technology Center, and other high-level scientific innovation platforms under Shandong's "One Enterprise, One Technology" R&D initiative. Additionally, the company has undertaken multiple national and provincial research projects, including national leading talent programs, Shandong Major Technological Innovation Projects, and Shandong Taishan Industry Leading Talent initiatives. In terms of financial performance, the company reported revenues of approximately 1.015 billion yuan, 930 million yuan, 1.077 billion yuan, and 546 million yuan for 2022, 2023, 2024, and the first half of 2025, respectively. Net profits for the same periods were 77.1375 million yuan, 87.0332 million yuan, 98.8897 million yuan, and 58.5125 million yuan.
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