On March 20, 2025, Jiangxi Jiangnan New Material Technology Co., Ltd. ("Jiangnan New Material" or "the Company"), a leading Chinese PCB materials supplier, officially went public on the Shanghai Stock Exchange under the ticker symbol 603124.

The company issued 36.44 million new shares at an offering price of 10.54 yuan per share, bringing its total outstanding shares to 145.75 million.

As the first company in its sector to go public this year, Jiangnan New Material's stock made an impressive debut, opening at 66 yuan — a 554.65% increase from its IPO price. By 9:56 AM Beijing time, the stock soared to 79.51 yuan, marking a 654.36% gain and pushing the company's market capitalization to 11.59 billion yuan.

The listing ceremony featured speeches from key leaders and guests, including:

Xu Yite, Director and General Manager of Jiangnan New Material

Pan Feng, Director and Co-Chair of the Global Investment Banking Management Committee at CITIC Securities Co., Ltd.

Mao Jianhua, Vice Mayor of Yingtan City

The event proceeded with the signing of the listing agreement, a traditional bell-ringing ceremony, and a commemorative group photo.

About Jiangnan New Material

Founded in 2007 and headquartered in Yingtan, Jiangxi Province — known as the "World Copper Capital" — Jiangnan New Material specializes in the research, development, production, and sales of advanced copper-based materials.  The company operates across three production facilities, covering a total area of 360 acres.

Its core product portfolio consists of:

Copper ball series — Used in various PCB processes and copper plating for photovoltaic panels.

Copper oxide powder series — Applied in PCB copper plating, lithium battery PET composite copper foil manufacturing, and catalysts for organic silicon monomer synthesis.

High-precision copper-based heat sink series — Designed for embedded heat dissipation processes in PCB manufacturing.

The company's products serve a wide range of industries, including telecommunications, computing, consumer electronics, automotive electronics, industrial control, medical devices, aerospace, new energy, and organic silicon manufacturing.

Jiangnan New Material's strong market performance underscores investor confidence in the company's future and the growing demand for advanced PCB materials.