CSRC Approves Good Electric Material's ChiNext IPO Registration

Stock News01-08 18:16

On January 8, the China Securities Regulatory Commission (CSRC) issued the "Approval on Agreeing to the Initial Public Offering Registration of Good Electric Material System (Suzhou) Co., Ltd." Good Electric Material intends to list on the ChiNext board of the Shenzhen Stock Exchange, with Soochow Securities Co.,Ltd. acting as its sponsor, and plans to raise 1.17571 billion yuan. According to the prospectus, Good Electric Material focuses on the research and development, production, and sales of thermal runaway protection components for new energy vehicle power batteries and electrical insulation products, providing customers with customized thermal runaway protection solutions and high-performance electrical insulation solutions. The company's main products include thermal runaway protection components for new energy vehicle power batteries and electrical insulation products. During the reporting period, the company's sales scale of thermal runaway protection components for new energy vehicle power batteries has continued to increase, becoming the primary source of its revenue growth.

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