Congratulations! An LED-related company has listed on the ChiNext board.
On April 1, Guangzhou Huigu New Material Technology Co., Ltd. (stock abbreviation: Huigu New Materials, code: 301683) officially listed on the ChiNext board, with an opening price of 128 yuan per share on the first day .
The issuance price is RMB 78.38 per share , based on a total post-issuance share capital of 63.1164 million shares, the company's total fundraising amount is approximately 900 million yuan , which will be invested in the expansion project for 130,000 tons of environmentally friendly coatings and resins annually in Qingyuan, construction of an R&D center, technical transformation of production lines, and supplementing working capital.
HuiGu New Materials has already built two major technology platforms: functional resins and functional coating materials, forming a '1+1+N' industrial layout system facing four downstream application scenarios: home appliances, packaging, new energy, and electronics. Among them, in the electronics field, HuiGu New Materials' optoelectronic coating materials are mainly used in lighting, display, and backlight applications; products have been successfully introduced to direct customers such as Jufei Optoelectronics, Zhaochi Optoelectronics, BOE, TCL ; and downstream customers including Samsung, AMS OSRAM, Philips, TCL .
According to the announcement, in the fields of heat exchanger energy-saving coating materials and metal packaging aluminum lid coating materials, HuiGu New Materials' domestic market share exceeds 60% and 30% respectively, and it is also one of the few domestic suppliers achieving domestic substitution of current collector coating materials and Mini LED optoelectronic coating materials.
Regarding performance, Huigu New Materials' revenue for 2023, 2024, and the first half of 2025 was 717 million yuan, 817 million yuan, and 496 million yuan respectively; non-recurring net profit was 96 million yuan, 142 million yuan, and 107 million yuan.
At the same time, in the first quarter of 2026, Huigu New Materials' revenue is expected to be between 245 million and 290 million yuan, representing a year-on-year increase of 2.61% to 21.45%; net profit attributable to the parent company is expected to be between 60 million and 70 million yuan, with a year-on-year growth of 5.81% to 23.44%; non-recurring net profit is expected to be between 59.88 million and 69.88 million yuan, with a year-on-year increase of approximately 5.45% to 23.07%.