On the evening of August 30, according to the China Securities Regulatory Commission's approval of the IPO application of JSTN Nanotech. JSTN nanotechnology is one of the largest carbon nanotube manufacturers in China, and it is at the leading level in the field of carbon nanotubes and related composite materials.
JSTN nanotechnology is mainly engaged in the research and development, production and sales of nano-scale carbon materials and related products. The products include carbon nanotube powder, carbon nanotube conductive paste, graphene composite conductive paste, carbon nanotube conductive masterbatch, etc. The company's customers in the field of lithium batteries include BYD, ATL (New Energy Technology), Ningde Times, Tianjin Lishen, Funeng Technology, Xinwangda, Zhuhai Coslight, Eternal Lithium Energy, Kanai New Energy, AVIC Lithium, Wanwan To wait for domestic first-class lithium battery manufacturers.
The company cooperates with large international companies to promote new applications of carbon nanotubes in the downstream field. Among them, in the field of conductive plastics, the company has cooperated with SABIC, Total, Clariant and PolyOne, and related carbon nanotube conductive masterbatch products have partially completed customer certification.
Talking about the purpose of fundraising, JSTN Nanotechnology stated that the fundraising is intended to be used for "projects with an annual output of 3,000 tons of carbon nanotubes and 8000 tons of conductive paste and an annual collection of 450 tons of by-product hydrogen", "graphene, carbon nanotubes and vice "Product hydrogen and related composite products production project" and "carbon nanomaterials R & D center construction project", the total investment is 1.03 billion yuan, and the total raised funds is 870 million yuan.