Emerging applications continue to emerge, providing development opportunities for functional materials companies

Reporter Ding Rong

On April 1, Guangzhou Huitu New Materials Technology Co., Ltd. (hereinafter referred to as “Huitu New Materials”) officially listed and began trading on the Shenzhen Stock Exchange. The funds raised in this offering will help Huitu New Materials expand its production scale, strengthen its materials research and development and process innovation capabilities, and comprehensively enhance its overall competitive strength in the functional materials sector.

Public information shows that in the fields of heat exchanger energy-saving coating materials and metal packaging aluminum cap coating materials, Huitu New Materials’ share of the domestic market exceeds 60% and 30%, respectively. It is one of the few domestic suppliers that has achieved localization replacement for fluid collector coating materials and optical-electronic coating materials for Mini LEDs. In this public offering of shares, Huitu New Materials plans to use the raised funds for projects including the annual 130k-ton expansion project for eco-friendly coatings and resins at Qingyuan Huitu New Materials Technology Co., Ltd., the Qingyuan Huitu New Materials R&D center project, and others.

Huitu New Materials’ Chairman and General Manager, Tang Jing, said: “Relying on the advantages of resources from the capital market, the company will further solidify the capabilities of its platform-based R&D system, continuously improve the technology platform for functional resins and coating materials, and accurately respond to downstream customers’ differentiated, localized, and domestically-made needs regarding key materials. We will provide material support and innovative solutions to promote high-quality development of the industry.”

According to the reporter’s review, besides Huitu New Materials, in recent days, multiple companies in the A-share functional materials sector have successively disclosed new progress and new layouts.

On March 28, Guangdong Dequan Film New Materials Co., Ltd. (hereinafter referred to as “Dequan New Materials”), located in Shunde District, Foshan City, Guangdong Province, also reached a new milestone. Its innovation center was put into operation that day. Meanwhile, the functional film and masterbatch expansion and renovation technical renovation project was officially put into production; the installation of the 12th BOPP (biaxially oriented polypropylene) production line was launched; the expansion of the high-performance materials laboratory was initiated; in addition, the electronic and new energy membrane materials capacity upgrade project was signed.

The reporter noted that Dequan New Materials has continued to increase its investment and layout in the functional materials sector. On March 24, the company disclosed that it plans to invest in and build the electronic and new energy membrane materials capacity upgrade project in the Zhongxing Science and Technology Park in Shunde District, Foshan, with its core products including functional films such as electronic and new energy membrane materials and glue-free film materials. The total investment is approximately 420 million yuan.

On March 20, Hubei Dinglong Holding Co., Ltd. issued an announcement stating that its controlling subsidiary, Dinglong (Qianjiang) New Materials Co., Ltd., has completed and successfully put into production the main workshop and supporting facilities for its “annual production of 300 tons KrF/ArF photoresist industrialization project” under construction in Jianghan Salt Chemical Industrial Park in Qianjiang City, Hubei Province. Once completed, this project will build China’s first high-end wafer photoresist mass-production line featuring a full process of “organic synthesis—polymer synthesis—refining and purification—photoresist blending.” It has significant competitive advantages in areas including product model and process node coverage, self-manufacturing of core raw materials, engineering process intelligence and informatization, verification platform resources equipped with lithography equipment, supply-chain management, and the configuration of core technology and management teams.

Fufu You, a specially engaged research fellow at SuShang Bank, said in an interview with reporters from Securities Daily: “In recent years, leading functional materials companies in China have achieved continuous breakthroughs in high-end product areas through ongoing R&D, and some products have entered global mainstream supply chains. Benefiting from strong demand in emerging sectors such as downstream electronics and new energy, as well as the continuous advancement of localization, domestic enterprises are seeing development opportunities. In the future, they are expected to occupy a more important position in the global market.”

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