Chun Guang Group's ChiNext IPO has been accepted. Mainly engaged in the research, production, and sales of soft ferrite magnetic powder.

On June 17th, Shandong Jinhua Chunguang Technology Group Co., Ltd. (referred to as Chunguang Group) has had its IPO on the Shenzhen Stock Exchange ChiNext board accepted. CICC is its sponsor institution, and the company plans to raise 750.71 million yuan. According to the prospectus, Chunguang Group is mainly engaged in the research, development, production, and sales of soft magnetic ferrite magnetic powder, as well as the development of soft magnetic ferrite magnetic cores, electronic components, and power products along the industry chain. The company has long been focused on the field of manganese-zinc soft magnetic ferrite materials and has become one of the few manufacturers in the industry that can supply stable quality and excellent performance soft magnetic ferrite materials on a large scale. During the reporting period, the company's sales volume of soft magnetic ferrite magnetic powder (excluding internal sales) were 76,800 tons, 82,200 tons, and 101,600 tons respectively. According to data and calculations from the Magnetic Materials Sub-Association of China Electronic Materials Industry Association, the company's sales volume of soft magnetic ferrite magnetic powder ranked first in China in 2022, 2023, and 2024. The company's products are widely used in the fields of new energy vehicles and charging piles, smart homes and smart appliances, communication power supplies and communication equipment, green lighting, photovoltaic energy storage, Internet of Things, and medical applications. The products have entered the supply system of well-known end customers. Benefiting from the common promotion of the development of intelligent consumer electronics, new energy, communications, data centers, and energy storage, soft magnetic ferrite will explore more application scenarios in these emerging industries. According to market research firm QY Research (Hengzhou Bozhi), the global soft magnetic ferrite market sales reached 2.676 billion US dollars in 2024 and is expected to reach 3.687 billion US dollars in 2031, with a compound annual growth rate of 4.8%. China is a major producer and market for soft magnetic ferrite materials globally. The sales volume of soft magnetic ferrite in China was 415,000 tons, 482,000 tons, and 480,000 tons respectively in 2021 to 2023, with an average annual compound growth rate of 7.55%. The sales revenue for the corresponding years was 11.22 billion yuan, 10.65 billion yuan, and 9.07 billion yuan. After the issuance of the company's stocks this time, and deducting the net proceeds after issuance expenses, the raised funds will be invested in the following projects: In terms of finances, in 2022, 2023, and 2024, Chunguang Group achieved operating income of approximately 1.015 billion yuan, 930 million yuan, and 1.077 billion yuan respectively; during the same period, the company achieved net profits of approximately 77.1375 million yuan, 87.0332 million yuan, and 98.8897 million yuan respectively.