MiniLED related company Huigu New Materials GEM listed

On April 1, Guangzhou Huigu New Materials Technology Co., Ltd. (stock abbreviation: Huigu New Materials, stock code: 301683) officially listed on the GEM of the Shenzhen Stock Exchange.

The issuance price is 78.38 yuan per share. After the issuance, the total share capital will reach 63.1164 million shares, and the total raised funds will be approximately 900 million yuan, which will be used for the Qingyuan 130,000-ton annual environmentally friendly coating and resin expansion project, R&D center construction, production line technological transformation, and supplementary working capital.

Huigu New Materials is deeply involved in the fields of functional resins and functional coating materials, and has formed a "1+1+N" industrial layout system for the four major application scenarios of home appliances, packaging, new energy, and electronics.

In terms of market segments, the company's domestic market share of energy-saving coating materials for heat exchangers and coating materials for metal packaging aluminum covers exceeds 60% and 30% respectively. It is one of the few domestic suppliers that has achieved domestic substitution of current collector coating materials and optoelectronic coating materials for Mini LED.

In the electronics field, the company's optoelectronic coating materials have been successfully introduced to direct customers such as Jufei Optoelectronics, Zhaochi, BOE, and TCL, as well as downstream customers such as Samsung, ams Osram, and Philips.

In terms of performance, Huigu New Materials has maintained steady growth in recent years. From 2023 to the first half of 2025, the company's revenue was 717 million yuan, 817 million yuan, and 496 million yuan respectively, and non-net profits after deducting non-net profits reached 96 million yuan, 142 million yuan, and 107 million yuan.

In the first quarter of 2026, the company's revenue is expected to be 245 million yuan to 290 million yuan, a year-on-year increase of 2.61% to 21.45%; the net profit attributable to the parent company is expected to be 60 million to 70 million yuan, a year-on-year increase of 5.81% to 23.44%.

In the future, Huigu New Materials will take the launch as a new starting point, continue to delve into R&D and innovation, focus on green environmental protection and high-performance coating materials, and deepen the strategic layout of the four major areas.