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Recently, according to the website of the Beijing Stock Exchange, the Beijing Stock Exchange Listing Committee is scheduled to hold the 14th review meeting of 2024 at 9:00 am on August 23, 2024. The issuer to be reviewed is Hefei Kobair New Materials Co., Ltd. (hereinafter referred to as "Kobair").

It is understood that Cobre plans to issue no more than 10,818,129 shares (including the principal number, excluding over-allotment options) to unspecified qualified investors, and plans to raise 144 million yuan, which will be used for an annual production of 50,000 tons of polymer functional composite materials, a research and development center construction project, and to supplement working capital.

According to public information, Cobair was established in January 2010. It is a national high-tech enterprise, a national specialized "little giant" enterprise, and an enterprise undertaking the innovation fund project of the Ministry of Science and Technology, specializing in the research, production and sales of masterbatches, functional masterbatches and innovative polymer modified materials. The company's main business is functional masterbatches and new modified materials. Its products are widely used in home appliances, auto parts, fast-moving consumer goods and other fields. It has independent intellectual property rights, and many of its product technologies fill the gaps in the domestic industry or replace imported products.

From 2021 to 2023, Korber showed a steady growth in performance. Its operating income gradually increased from 262 million yuan in 2021 to 307 million yuan in 2022, and reached a new high of 389 million yuan in 2023. During the same period, net profit also achieved steady growth, from 26.5549 million yuan in 2021 to 45.2395 million yuan in 2023, with a strong development momentum.