Ring the bell! LED industry chain A-share companies +1

On July 8, 2026, Beijing Kangmeite Technology Co., Ltd. was officially listed on the Beijing Stock Exchange, successfully landed in the capital market, and entered a new development stage of industrial upgrading.

On the first day of listing, Kangmeite opened at 51.00 yuan per share, an increase of 526.54% from the issue price of 8.14 yuan per share, with a total market value of 7.212 billion yuan, fully reflecting the market's high recognition of its industry status and growth prospects.

As a national-level specialized "little giant" enterprise and a national high-tech enterprise, Kangmeite has always taken "domestic substitution and technological breakthrough" as its core development philosophy. Since its establishment in 2005, it has been mainly engaged in the research and development, production and sales of new polymer materials such as electronic packaging materials and high-performance modified plastics. Today, Commet has built three core technology platforms: silicone packaging materials, epoxy packaging materials and modified expandable polystyrene materials. It has become a leading company in China that masters both silicone and epoxy packaging systems and has achieved mass production breakthroughs in emerging display fields such as Mini LED.

Among them, the company's main product form of electronic packaging materials is electronic adhesives for LED chip packaging. The products are widely used in new displays, semiconductor general lighting, semiconductor special lighting, semiconductor device packaging, aerospace and other fields, and are the core growth engine of the company; the company's high-performance modified plastic product form is modified expandable polystyrene, and the products are widely used in head safety protection in sports and transportation fields, protection of wearing parts such as LCD panels and lithium batteries, and building energy conservation.

What is particularly noteworthy is that Kangmet is the first manufacturer in China to achieve mass production of Mini LED silicone encapsulants. The performance of its core products has reached a level comparable to that of well-known international manufacturers, successfully breaking the technology monopoly of international giants such as Dow Corning of the United States and Shin-Etsu of Japan.

With strong technical strength, Commet's customer network has covered the world's leading LED packaging manufacturers, such as Osram, Everlight Electronics, Seoul Semiconductor, as well as domestic leading enterprises Hongli Zhihui, Nationstar Optoelectronics, Sanan Optoelectronics, etc., and has successfully entered the supply chain of well-known terminal manufacturers such as TCL Technology, BOE, Xiaomi, and BYD. In the field of high-performance modified plastics, the company's products also serve well-known companies such as BOE and Yiwei Lithium Energy.

Financial data shows that Kangmet's performance has grown steadily. From 2023 to 2025, Kangmet's revenue increased from 384 million yuan to 469 million yuan, with a compound annual growth rate of 10.53%; net profit jumped from 45 million yuan to 0 .85 billion, with a compound annual growth rate of 37.50%, and profit growth significantly outperforming revenue. The core factor is that the revenue share of high-margin products such as high-end Mini LED packaging adhesives continues to increase, and the optimization of product structure continues to drive upward earnings quality.

The development momentum continued in the first quarter of 2026. The company achieved revenue of 114 million yuan, a year-on-year increase of 14.73%; net profit was 21.6056 million yuan, a year-on-year increase of 24.78%.

The number of shares in this public offering is 21.21 million shares, with a price-earnings ratio of 14.98 times. The funds raised will focus on the expansion of Mini/Micro LED packaging glue production lines and cutting-edge technology research and development, aiming to further consolidate its first-mover advantage in the field of new display materials and expand into new growth points such as advanced packaging materials for integrated circuits.

The listing of Kangmet not only marks that its independent achievements in the field of LED packaging materials and high-performance modified plastics have been recognized by the capital market, but also conveys to the global industry the firm power of the accelerated rise of China's new materials industry, injecting lasting momentum into the localization of the entire industry chain and supply chain security.

Mr. Ge Shili, chairman of the company, said that the successful listing on the Beijing Stock Exchange is a new starting point for the development of the company. In the future, Commet will continue to delve into the core track of new materials, adhere to independent innovation, technological breakthroughs, and quality improvement, constantly consolidate the core competitiveness of the company, empower industrial development with more standards, better products, and stronger technologies, and contribute solid strength to the development of the domestic new materials industry.