On December 31st, the IPO status of Guangdong Zhongsu New Materials Co., Ltd. (Zhongsu Co., Ltd.) was changed to "Suspended." The financial documentation recorded in Zhongsu Co., Ltd.'s IPO application documents has expired and requires supplementary submission.
According to the prospectus, Zhongsu Co., Ltd.'s primary business involves the research and development, production, and sales of modified engineering plastics. The company's main products are applied in industries such as consumer electronics, energy storage, automotive, home furnishings, and appliances. End products encompass a wide range of items including mobile phones, smart wearable devices, tablets and laptops, Bluetooth speakers, energy storage power supplies, new energy vehicles, and home appliances.
Aligning with the rapid iteration cycles and high-quality demands of industries like consumer electronics, the company, guided by a product differentiation strategy, focuses on developing high value-added modified engineering plastic products to meet the personalized material needs of downstream products.
The company adheres to independent research and development while continuously enriching its product series. Its core products include high-performance engineering materials such as modified PC, PC/ABS, PA, PPA, PBT, and PET. To address specific customer requirements for electrical interconnection, low dielectric properties, high-temperature resistance, and waterproof heat dissipation, the company has developed specialized functional materials, including materials suitable for Laser Direct Structuring (LDS), specialized engineering materials for Nano Molding Technology (NMT), and ultra-high-temperature resistant special nylon materials.
Financially, for the years 2022, 2023, 2024, and the period from January to March 2025, Zhongsu Co., Ltd. achieved operating revenues of approximately RMB 493 million, RMB 537 million, RMB 700 million, and RMB 152 million, respectively. During the same periods, the company's net profits were RMB 51.7116 million, RMB 78.9978 million, approximately RMB 100 million, and RMB 25.7028 million, respectively.