Polymer Additive Company Listed on Beijing Stock Exchange

Recently, Ningbo Nengzhiguang New Material Technology Co., Ltd. (stock code: 920056) was listed on the Beijing Stock Exchange.

This listing event carries special significance, as it is not only an important milestone in the development journey of Nengzhiguang but also the first company from Ningbo City to successfully land on the A-share market this year. The company was founded in 2001, with its registered address in Beilun, Ningbo. It entered the National Equities Exchange and Quotations System for trading in 2017. As a company with high-tech enterprise qualifications, its core business focuses on the research, development, production, and sales of polymer additives and functional polymer materials.

According to the Color Masterbatch Industry Network, Nengzhiguang focuses on polymer material graft modification technology as its core support, fully dedicating itself to the research and production of functional polymer products such as compatibilizers, toughening agents, and adhesive resins. Through independent innovation, the company has successfully developed more than 300 product grades, capable of providing customers with suitable polymer materials and supporting solutions for compatibility or adhesion needs across different types of materials. These products are widely used in modified plastics, composite materials, and polymer functional films, with end applications spanning industries including automotive, cables, electronics and electrical appliances, composite building materials, barrier packaging, and photovoltaic modules.

Neng Zhi Guang has been focused on the field of polymer additives and functional polymer materials for many years, and after 24 years of dedicated efforts, it has achieved a leading position in the industry. During the period from 2022 to 2024, the company's operating revenue reached 556 million yuan, 569 million yuan, and 611 million yuan respectively. The net profit attributable to the parent company, excluding non-recurring items, grew from 15.8 million yuan in 2022 to 50.8 million yuan in 2024, with a compound annual growth rate of 79%. In 2024, the market size of the compatibilizer market in China is expected to be 7.13 billion yuan, and Neng Zhi Guang achieved revenue of 575 million yuan in this field, with a market share of approximately 8.1%, placing it in the top tier of the industry. In the same year, the company's total production capacity was 49,639 tons, with a sales volume of 48,997 tons, a capacity utilization rate of 98.36%, and a production-sales ratio of 100.35%, essentially achieving full production and sales.

Nengzhiguang has raised 107 million yuan in this round of funding, which will be used for the "Functional Polymer Material Capacity Expansion Project" and "R&D Center Upgrade." The expansion project will add an annual capacity of 12,000 tons of high-performance compatibilizers, adhesive resins, and functional masterbatches, with further plans for 30,000 tons of functional polymer materials. The new capacities will cover low-VOC functionalized materials, adhesive resins, and functional composite materials.