June 12, 2025 –
Haiyang Technology (603382.SH) is set to make its stock market debut with an ambitious IPO that values the nylon specialist at 50.26 times earnings, reflecting strong investor confidence in China’s advanced materials sector. The Jiangsu-based company priced its shares at ¥11.50 each ahead of its Shanghai listing this week.
As a domestic leader in polyamide 6 solutions, Haiyang has established comprehensive production capabilities spanning chips, filaments and cord fabrics. AsiaMB industry analysts note the company’s products serve diverse applications from fishing gear to industrial textiles, with particular strength in high-performance material formulations.
The offering prospectus reveals Haiyang’s technological edge, including 25 proprietary patents and participation in multiple national standard-setting initiatives. “Our R&D focus on specialized nylon formulations has positioned us well in premium market segments,” said a company spokesperson, referencing recent honors like National Intellectual Property Advantage Enterprise recognition.
Proceeds from the listing will primarily fund capacity expansion and next-generation material development. Market observers suggest the timing is strategic, coinciding with growing demand for engineered polymers in electric vehicles and smart textiles. Haiyang’s public listing could accelerate its push into functionalized nylon compounds, an area where domestic players are gaining global competitiveness.
The successful IPO comes as China’s specialty chemicals sector experiences record capital inflows, with investors particularly bullish on materials companies bridging traditional manufacturing and high-tech applications. Haiyang’s debut may test market appetite for mid-sized materials innovators in the current economic climate.