LED materials company Kangmeite completed the guidance for listing on the Beijing Stock Exchange and accelerated its sprint to the capital market

Recently, the China Securities Regulatory Commission disclosed that Beijing Commet Technology Co., Ltd. has successfully completed the coaching work of publicly issuing shares to unspecified qualified investors and listing on the Beijing Stock Exchange. The coaching agency is GF Securities. This development marks a key step in Commet’s journey into the capital market.

Beijing Commet Technology Co., Ltd. was registered and established in the core area of Zhongguancun Independent Innovation Demonstration Zone in 2005. It is a national high-tech enterprise focusing on the field of new materials and focusing on the research and development, production, sales and customized services of new polymer materials. The company is a national high-tech enterprise, a national "Little Giant" for specialization, specialization and innovation, a "Little Giant" enterprise for specialization and specialization in Beijing, and a demonstration enterprise for the transformation of high-tech achievements in Beijing. Many of its products have Beijing New Technology and New Product (Service) Certificates. Since its establishment, the company has been committed to the localization of imported materials in high-end segments. Its products cover LED, new displays, semiconductor packaging, integrated circuits, new energy and energy-saving building materials and other fields, solving the technical problems of "stuck neck" in high-end materials in many fields.

Since its establishment, the company has always adhered to the independent innovation route with R&D as the core. The key core technologies involved in the company are all independently developed and obtained by the company on the basis of research and production, and enjoy independent intellectual property rights. With its strong technical strength, the company has successively undertaken a number of science and technology plans of the Ministry of Science and Technology, the Ministry of Industry and Information Technology and Beijing, such as the Ministry of Science and Technology’s 13th Five-Year Science and Technology Plan "New Low Thermal Resistance Ultra-High Energy Efficiency LED" Packaging Technology Research" project and "Third Generation Semiconductor Core Supporting Materials" project, the Ministry of Industry and Information Technology's "2017 Green Manufacturing System Integration Project", "Beijing Science and Technology Plan Green Channel Project", "Beijing High-tech Achievements Transformation Project", etc., and won the third place in the country in the finals of the Third Innovation and Entrepreneurship Competition in 2015.

In the field of new displays, Kangmet has shown outstanding foresight. Since 2018, the company has been developing Mini/Micro LED technology and has taken the lead in mass production of Mini LED silicone encapsulants, seizing market opportunities. In terms of customer development, Kangmet has achieved remarkable results and has established stable cooperative relationships with well-known domestic enterprises such as Hongli Zhihui, Ruifeng Optoelectronics, Nationstar Optoelectronics, Zhaochi Co., Ltd., BOE, Huawei, TCL Technology, Hisense and other well-known domestic enterprises. At the same time, the company has also reached long-term cooperation with leading international industry companies such as Osram, Samsung Electronics, Philips, Everlight Electronics, Lite-On Technology, and Seoul Semiconductor, and its products are exported to many countries and regions around the world.

Performance data shows that in 2024, Kangmeite achieved operating income of 423 million yuan, a year-on-year increase of 9.99%; net profit reached 6270.07 million, a significant year-on-year increase of 38.92%. The good performance not only proves the market competitiveness of the company's products, but also lays a solid foundation for its future development in the capital market. Microsoft Yahei, "STHeiti Light", Chinese subtle black, SimSun, Arial, sans-serif; letter-spacing: 1px; text-indent: 0px; '> With these companies entering the capital market one after another, the led industry chain is expected to usher in a new round of development opportunities. On the one hand, through listing financing, enterprises can obtain more funds for technology research and development and capacity expansion to enhance their core competitiveness; on the other hand, the standardized operation requirements of the capital market will also prompt enterprises to further improve their governance structure and improve their management level.