Jinmao Titanium applied for IPO

 On December 13, Jinmao Titanium and CITIC Securities officially submitted the counseling filing application materials to the Guangxi Regulatory Bureau of the China Securities Regulatory Commission, and were accepted on December 14, 2022. This marks that Jinmao Titanium officially started the IPO process, and CITIC Securities acted as the counseling institution for Jinmao Titanium's initial public offering of RMB ordinary shares (A shares) and listing.

On December 15, the Guangxi Regulatory Bureau of the China Securities Regulatory Commission decided to confirm the registration of counseling.

Jinmao Titanium Industry, Guangxi Jinmao Titanium Industry Co., Ltd., was founded in 1970 and became a private enterprise after asset restructuring in 2003. At present, Jinmao Titanium is equipped with two titanium dioxide production lines for the production of anatase and rutile titanium dioxide, and also produces industrial sulfuric acid, polyferric sulfate, iron oxide red and other products.

According to the market research of the Institute of Buying Chemicals, the design capacity of titanium dioxide of Jinmao Titanium Industry is 160,000 tons, and it is equipped with industrial chain extension production supporting equipment such as an annual output of 500,000 tons of industrial sulfuric acid, an annual output of 300,000 tons of polyferric sulfate and an annual output of 5,000 tons of iron oxide red.

In 2021, the production and sales of titanium dioxide of Jinmao Titanium Industry exceeded 100,000 tons, and the total operating income of the enterprise exceeded 1.7 billion yuan, ranking 75th on the list of the top 100 manufacturing enterprises in Guangxi in 2022.