New stock news | Changzhou Fusion New Material (688503.SH) Hong Kong IPO prospectus invalid

Changzhou Fusion New Material Co., Ltd. (hereinafter referred to as Changzhou Fusion New Material, 688503.SH) submitted its Hong Kong IPO prospectus on January 14, 2026, which was valid for 6 months and expired on July 14, 2026. Huatai International and Jefferies are its joint sponsors. According to the prospectus disclosed earlier, Changzhou Fusion New Material is a research-driven advanced materials company located in China. The company is a global leader in the photovoltaic conductive paste market. According to research data from Zhoushi Consulting, for the nine months ended September 30, 2025, the company's sales revenue of photovoltaic conductive paste ranked first among all photovoltaic conductive paste manufacturers worldwide. The company's core business is the development and manufacture of a comprehensive portfolio of photovoltaic conductive paste products suitable for different photovoltaic cell structures, including TOPCon, PERC, HJT, and X-BC.