Nengzhiguang Races Toward IPO: A Leading Domestic Manufacturer of High-Performance Polymer Functional Materials

　　Ningbo Nengzhiguang New Materials Technology Co., Ltd. (hereinafter referred to as "Nengzhiguang") is set to undergo its IPO review on the Beijing Stock Exchange on June 19.

　　According to its prospectus, Nengzhiguang achieved a compound annual growth rate (CAGR) of 79.3% in non-GAAP net profit from 2022 to 2024, demonstrating strong growth momentum. However, the company experienced some volatility in Q1 2025, with revenue declining 3.53% year-over-year (YoY) to RMB 133 million and net profit dropping 23.21% YoY to RMB 11.89 million. Despite this short-term fluctuation, Nengzhiguang continues to attract significant market attention due to its deep expertise and competitive edge in the field of high-performance polymer functional materials.

　　A National High-Tech Leader in Polymer Modification

　　Nengzhiguang is a national high-tech enterprise specializing in polymer functional materials and is recognized as a leading domestic manufacturer of modified polymer materials. The company focuses on the R&D, production, and sales of polymer additives and functional polymer materials. In recent years, the Chinese government has introduced multiple policies supporting the development of new polymer materials, lightweight & eco-friendly materials, and high-performance modified plastics, designating them as key high-tech industries. These policies have created a favorable environment for the modified plastics sector, providing Nengzhiguang with strong growth opportunities.

　　Strong R&D and Innovation Capabilities

　　Nengzhiguang has demonstrated outstanding performance in R&D and innovation. To date, the company holds 55 invention patents, including 49 self-developed patents covering key products such as compatibilizers, toughening agents, and adhesive resins. Through independent R&D, Nengzhiguang has successfully developed over 300 grades of functional materials, widely used in high-value industries like automotive, cables, photovoltaic (PV) modules, and barrier packaging. These achievements have established a formidable technological moat for the company.

　　Industry Recognition and Honors

　　Thanks to its strong product portfolio and R&D capabilities, Nengzhiguang has earned numerous industry accolades:

　　2015: Established a Zhejiang Provincial Postdoctoral Research Station

　　2016: Founded an Academician Workstation

　　2017: Recognized as a Ningbo Famous Brand

　　2018: Awarded Municipal Enterprise Research Institute status

　　2019: Became a Council Member of the China Plastics Association’s Plastic-Wood Products Committee, a Member of the Chinese Society for Composite Materials, and earned "Zhejiang Premium Manufacturing" certification. The same year, it was designated as a Zhejiang Provincial Enterprise Research Institute and Zhejiang Enterprise Technology Center.

　　2020: Named a National-Level "Little Giant" Enterprise (specialized, sophisticated, distinctive, and innovative).

　　May 2025: Signed a strategic cooperation agreement with the China Plastics Association to collaborate on standard-setting, technology commercialization, and industrial chain innovation.Strong Customer Base with Leading Industry Players

　　Nengzhiguang has established long-term partnerships with several listed companies, including Kingfa Sci & Tech, PRET, and Wanma Group, spanning key sectors such as modified plastics, cables, and PV encapsulation films. These high-quality clients not only provide stable revenue streams but also enhance the company’s market influence and brand reputation.

　　Future Outlook: Resilience and Growth Potential

　　Despite short-term performance fluctuations in Q1 2025, Nengzhiguang remains well-positioned for future growth, backed by its:

　　Strong R&D capabilities

　　Extensive technological expertise

　　Diversified and loyal customer baseWith continued government support for new materials and the company’s relentless innovation in high-performance polymer functional materials, Nengzhiguang’s future prospects remain highly promising.