IPO Mokoo Co., Ltd.'s IPO on the ChiNext is "terminated," with its digital inkjet printing ink market share ranking among the top three in similar domestic products.

On August 22, the IPO review status of Shenzhen Moku New Materials Group Co., Ltd. (referred to as: Moku Co.) on the Shenzhen Stock Exchange's Growth Enterprise Market was changed to terminated. This decision was made due to Moku Co. and its sponsor withdrawing the application for issuance and listing. According to Article 62 of the Rules for the Review of Stock Issuance and Listing on the Shenzhen Stock Exchange, the Shenzhen Stock Exchange decided to terminate its review of the issuance and listing. According to the prospectus, the company is primarily engaged in the research and development, production, and sales of digital printing inks, and is a leading supplier of digital printing inks in China. It is recognized as a national-level specialized and innovative little giant enterprise and a national high-tech enterprise. It has been designated as a research and production base for digital printing inks in China, the Guangdong Provincial Engineering Technology Research Center for Inkjet Inks, and a leading enterprise in the inkjet industry in China. The company operates in the new materials sector, and its products have been listed as key products by the National Bureau of Statistics in the New Materials Industry category of the Classification of Strategic Emerging Industries (2018). They fall under the prioritized industries of digital inkjet printing and production of energy-saving and environmentally friendly inks such as water-based inks, energy-curable inks, and vegetable oil inks as encouraged by the National Development and Reform Commission's Guidance Catalogue for Industrial Structure Adjustment. The company's products are applied in the emerging digital printing technology, which integrates high technologies such as computers, mechatronics, precision machinery manufacturing, and fine chemicals. This technology primarily utilizes digital devices and printing techniques, controlling the system to print digital ink according to a predetermined program onto the substrate, forming patterns. Digital printing is an advanced, environmentally friendly, and rapidly developing printing technology that significantly reduces energy consumption and environmental pollution, aligning with national policies for energy conservation and emissions reduction, green low-carbon development. It perfectly fits the strategic transition of various industrial printing fields towards digitization, intelligence, energy-saving, and environmental protection, making it a key technology for traditional industries to develop into digital, innovative, green, and new productive forces. The digital inks produced by the company serve as essential consumables, pairing with core components such as digital print heads and system boards, as well as other accessory products for digital printing equipment. They are mainly used in sectors including textile digital printing, advertising graphics, desktop office printing, packaging and publications, electronic circuits, architectural decoration, and craft decorations. According to the certification issued by the China Dyeing and Printing Industry Association, Moku Co. specializes in the R&D and production of digital printing inks, with a market share among similar domestic products ranking in the top three from 2022 to 2024. According to the internationally renowned magazine InkWorld, in the 2024 Global Ink Companies Ranking, a total of 31 companies are listed, including Moku Co., DIC/Sun Chemical, Flint Group, Siegwerk Group, Fujifilm, DuPont, HP, and others. In terms of finances, for the years 2023, 2024, and 2025, the company is expected to achieve operating revenues of approximately 618 million, 727 million, and 806 million RMB, respectively; during the same periods, the net profits are expected to be approximately 120 million, 143 million, and 123 million RMB.