Shandong Chunguang Technology Group Co., Ltd. has successfully passed the listing committee review of the Shenzhen Stock Exchange's ChiNext board. The IPO is sponsored by China International Capital Corporation Limited, with plans to raise 750.71 million yuan. According to its prospectus, the company primarily engages in the research, development, production, and sales of soft magnetic ferrite powder. It has also expanded along the industrial chain to produce soft magnetic ferrite cores, electronic components, and power supplies. These business segments complement and reinforce each other, fostering synergistic growth and establishing specific advantages in technology and industrial development within the sector.
The company has long focused on manganese-zinc soft magnetic ferrite materials. Through years of product innovation and process improvements, it has become one of the few manufacturers capable of supplying high-quality, stable soft magnetic ferrite materials on a large scale. During the reporting period, the sales volume of its soft magnetic ferrite powder (excluding internal sales) was 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 show that the company ranked first in domestic sales of soft magnetic ferrite powder in 2022, 2023, and 2024.
The company's products are widely used in new energy vehicles and charging stations, smart homes and appliances, communication power supplies and equipment, green lighting, photovoltaic energy storage, the Internet of Things, and medical fields. Its products have been integrated into the supply chains of well-known end customers, demonstrating comprehensive competitive advantages in production scale, performance, and reliability.
Leveraging strong technological expertise, the company and its subsidiaries have recently been recognized as "National Manufacturing Single Champion Enterprise" and "Leading Enterprise in Shandong's Top Ten Industrial Clusters." They have also received honors such as "Top Ten Chinese Magnetic Material Specialists," "Top 10 Leading Enterprises in Shandong's Private Sector New Materials Industry," and "Shandong Provincial Hidden Champion SME."
Currently, the company hosts a national postdoctoral workstation and several high-level innovation platforms, including the Shandong Provincial Magnetic Materials Technology Innovation Center, Shandong Provincial Enterprise Technology Center, and Shandong Provincial "One Company, One Technology" R&D center. Additionally, it has undertaken numerous national and provincial research projects, such as the National Leading Talent Program, Shandong Major Technological Innovation Project, and Shandong Taishan Industry Leading Talent Program.
Financially, the company reported revenues of approximately 1.015 billion yuan, 930 million yuan, 1.077 billion yuan, and 546 million yuan for the years 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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