March 21, 2025 – Xinkai Technology officially unveiled its prospectus on the evening of March 20, outlining plans to publicly issue approximately 23.4349 million shares, representing 25% of its total equity after the offering. The funds raised, totaling an estimated RMB 264.6252 million, will primarily be channeled into the “R&D Center and Headquarters Construction Project” and the “Bank Loan Repayment Project.” Xinkai Technology expressed that through this public offering, the company aims to leverage the capital market to further enhance its R&D capabilities, bolster the global competitiveness of its organic pigment national brand, expand its brand influence, and drive sustainable and stable growth.
According to the prospectus, Xinkai Technology specializes in the development, sales, and service of coloring agents such as organic pigments. Leveraging its core competencies in product development, quality management, supply chain integration, and a global sales network, the company has achieved remarkable results in areas like azo pigments, heterocyclic pigments, and phthalocyanine pigments. Its products find extensive applications across multiple industries, including ink, coatings, and plastics. As of June 30, 2024, the company and its subsidiaries have accumulated 10 invention patents and 39 utility model patents, underscoring their prowess in technological innovation.
Financially, Xinkai Technology has maintained a stable operational capacity in recent years. From 2021 to June 30, 2024, the company reported revenues of RMB 1.2056704 billion, RMB 1.1923895 billion, RMB 1.0687157 billion, and RMB 666.359 million, respectively, with corresponding net profits of RMB 89.0591 million, RMB 85.3109 million, RMB 84.547 million, and RMB 42.4921 million. These figures demonstrate the company’s resilience in maintaining a steady operational posture amid market fluctuations.
Looking ahead, Xinkai Technology will continue to focus on the development, production, and sales of organic pigment products. While consolidating its position in the global organic pigment industry, the company will prioritize the expansion of high-value-added functional chemicals, driving product diversification towards high-end, large-scale, and serialized offerings. Additionally, in alignment with the development requirements of the “14th Five-Year Plan” and in response to the current trends of informatization and intelligence in the chemical industry, Xinkai Technology will persist in intensifying its independent R&D efforts, promoting the construction of smart factories, and enhancing its capabilities for refined and efficient production to better meet the rapid changes in market demand.