Sinophorus goes public on Shanghai Stock Exchange
2025-01-24 19:01:00
By Tan Maolin. Bai Zheng, Mei Ning also contributed to this article.
Hubei Sinophorus Electronic Materials Co., Ltd. (stock name: "兴福电子," stock code: 688545) debuted on the Shanghai Stock Exchange’s STAR Market on January 22, raising 1.168 billion yuan (US$160 million) through its public offering.
The company has a total share capital of 360 million shares, with an issue price of 11.68 yuan per share. Proceeds from the listing will fund new projects, including a 30,000-ton per year electronic-grade phosphoric acid project, a 40,000-ton per year ultra-pure electronic chemicals facility in Shanghai, and a co-production project for 20,000 tons per year of electronic-grade ammonia water and10,000 tons per year of electronic-grade ammonia gas. The funding will also support the establishment of an electronic chemicals research and development center.
Founded in 2008 and based in the Xiaoting District of Yichang City, Hubei Sinophorus Electronic Materials is among the first companies in China to specialize in the research, production, and sales of wet electronic chemicals. After more than a decade of technological advancement and market growth, the company has emerged as a leader in electronic-grade phosphoric acid and sulfuric acid.
Sinophorus is the first A-share listed company in Hubei province in 2025. Its listing brings the total number of companies in Yichang, its home city, to 20, making it the leader among prefecture-level cities in the province.
Hubei Sinophorus Electronic Materials Co., Ltd. (stock name: "兴福电子," stock code: 688545) debuted on the Shanghai Stock Exchange’s STAR Market on January 22, raising 1.168 billion yuan (US$160 million) through its public offering.
The company has a total share capital of 360 million shares, with an issue price of 11.68 yuan per share. Proceeds from the listing will fund new projects, including a 30,000-ton per year electronic-grade phosphoric acid project, a 40,000-ton per year ultra-pure electronic chemicals facility in Shanghai, and a co-production project for 20,000 tons per year of electronic-grade ammonia water and10,000 tons per year of electronic-grade ammonia gas. The funding will also support the establishment of an electronic chemicals research and development center.
Founded in 2008 and based in the Xiaoting District of Yichang City, Hubei Sinophorus Electronic Materials is among the first companies in China to specialize in the research, production, and sales of wet electronic chemicals. After more than a decade of technological advancement and market growth, the company has emerged as a leader in electronic-grade phosphoric acid and sulfuric acid.
Sinophorus is the first A-share listed company in Hubei province in 2025. Its listing brings the total number of companies in Yichang, its home city, to 20, making it the leader among prefecture-level cities in the province.
