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On August 14, there was one new stock listed on the main board, Weihua New Materials (603310.SH)The company focuses onFluorine-containing fine chemicals, is a high-tech enterprise that researches, develops and produces a series of chlorotoluene and trifluoromethylbenzene products. It is a national-level specialized and innovative "little giant" enterprise.

The prospectus shows that Weihua New Materials has a relatively complete industrial chain of chlorotoluene and trifluoromethylbenzene series products with toluene as the starting raw material. The products have two main uses: one is as a new environmentally friendly coating solvent; the other is as a new fluorine-containing pesticide, medicine, and dye intermediate.

It is reported that in the domestic market of trifluoromethylbenzene series products, Weihua New Materials has outstanding advantages. It not only has a large production capacity, but also has a complete industrial chain.It is a well-known leading enterprise in the industry。

However, the prospectus also points out corresponding risks, including but not limited to the risk of intensified market competition, the risk of declining gross profit margin and performance falling short of expectations, and the risk of fluctuations in raw material prices.

Weihua New Materials stated that if the pesticide destocking cycle is delayed, competition in the main product market intensifies, and raw material prices rise, and other external factors are combined, the company's future operating performance may face the risk of a sharp decline.

It is worth noting that Weihua New Materials is a shareholding subsidiary of Runtu Co., Ltd. (002440.SZ).It is understood that Runtu Co., Ltd. holds 53.25 million shares of Weihua New Materials, making it the company's second largest shareholder, accounting for 20.56% of its total share capital before IPO and 15.42% of its total share capital after IPO.

(Disclaimer: The content of this article is for reference only and does not constitute investment advice. Investors act accordingly at their own risk.)

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