A-share subscription | Xinkai Technology (001335.SZ) starts subscription, with major clients including DIC Corporation, Flint Group, and other ink and coating production enterprises.

On March 31, Xinkai Technology (001335.SZ) started its subscription, with an issue price of 12.80 yuan per share. The maximum subscription limit is 9,000 shares, with a P/E ratio of 14.38 times. It is listed on the Shenzhen Stock Exchange, and Guotou Securities is the sponsor (lead underwriter). According to the prospectus, Xinkai Technology mainly engages in the development, sales, and services of products such as organic pigments and colorants. The company's core competitive strengths lie in product development, quality management, supply chain integration, and global sales network layout. Its main products include azo pigments, heterocyclic pigments, and phthalocyanine pigments, which are mainly used in the fields of ink, paint, and plastics. During the reporting period, the company mainly focused on exports, with major customers including DIC Corporation, Flint Group, Siegwerk Group, Huber Group, and Eckart Group, leading global ink and paint producers. The company mainly relies on product development, quality management, and testing capabilities to integrate upstream supply chain resources, providing customers with relatively comprehensive and professional organic pigment products and services. The company's supply resources include important domestic organic pigment suppliers such as Rui'an Baoyuan Chemical Co., Ltd., Lily Group Co., Ltd. (603823.SH), Zhejiang Shengdaxiangwei Chemical Co., Ltd., Anshan Hifichem (300758.SZ), and Wenzhou Jinyuan. The company has established subsidiaries in the Netherlands, the United States, Australia, Canada, Turkey, India, the United Kingdom, and other countries, with its business covering more than 70 countries and regions worldwide. In order to sell chemicals in the European Union, the company has completed the REACH registration for 89 organic pigments and related chemical substances independently, making it a leading company in the domestic organic pigment industry in terms of REACH registrations. According to the Organic Pigment Professional Committee of the China Dyestuff Industry Association, the company has ranked first in the national organic pigment export industry from 2015 to 2023. The company is also recognized as one of the major suppliers in the global organic pigment market according to the Organic Pigment Market Research Report released by ResearchAndMarkets, with a certain degree of reputation and influence in the industry. In terms of finance, in 2021, 2022, 2023, and the first six months of 2024, Xinkai Technology achieved operating income of approximately RMB 1.206 billion, RMB 1.192 billion, RMB 1.069 billion, and RMB 666 million respectively. During the same period, net profits were RMB 89.0591 million, RMB 85.3109 million, RMB 84.547 million, and RMB 42.4921 million respectively.