Opening rose 63.31%, a Mini LED related company officially rang the bell

On April 1, Guangzhou Huigu New Material Technology Co., Ltd. was officially listed on the GEM, with the opening price on the first day being 128 yuan/share.

The issuance price is 78.38 yuan per share. Based on the total post-issuance share capital of 63.1164 million shares, the company has raised a total of approximately 900 million yuan, which will be invested in the Qingyuan 130,000-ton annual environmentally friendly coating and resin expansion project, R&D center construction, production line technological transformation, and additional working capital.

Huigu New Materials has currently built two major technology platforms: functional resins and functional coating materials, and has formed a "1+1+N" industrial layout system for the four major downstream application scenarios of home appliances, packaging, new energy, and electronics. Among them, in the electronics field, Huigu New Materials' photoelectric coating materials are mainly used in lighting, display, backlight and other application fields. The products have been successfully introduced to direct customers such as Jufei Optoelectronics, Zhaochi Optoelectronics, BOE, and TCL; as well as downstream customers such as Samsung, ams Osram, Philips, and TCL.

According to the announcement, in the fields of heat exchanger energy-saving coating materials and metal packaging aluminum cover coating materials, Huigu New Materials’ domestic market share exceeds 60% and 30% respectively. It is also one of the few domestic suppliers to achieve domestic substitution of current collector coating materials and optoelectronic coating materials for Mini LED.

In terms of performance, Huigu New Materials' revenue in the first half of 2023, 2024, and 2025 was 717 million yuan, 817 million yuan, and 496 million yuan respectively; non-net profits after deducting were 96 million yuan, 142 million yuan, and 107 million yuan.

At the same time, in the first quarter of 2026, Huigu New Materials’ revenue is expected to be 245-290 million yuan, a year-on-year increase of 2.61% to 21.45%; the net profit attributable to the parent is expected to be 60-70 million yuan, a year-on-year increase of 5.81% to 23.44%; the non-net profit after deducting is expected to be 59.88-69.88 million yuan, a year-on-year increase of approximately 5.45% to 23.07%.