Fupu New Materials Changes Broker and Resumes IPO: Registered Capital of 430 Million, Longfor and Vanke Are Partners

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Ruicai Finance Wang Min On February 24, Chongqing Fupu New Material Technology Co., Ltd. (hereinafter referred to as “Fupu New Material”) initiated listing guidance with the Chongqing Securities Regulatory Bureau, aiming for A-share listing. The guidance institution is Zheshang Securities.

It is reported that in January 2024, Fupu New Material began listing guidance, with Dongfang Securities serving as underwriter and sponsor at that time. The progress report of the listing guidance work has reached the eighth phase.

Fupu New Material was established in 2016 with a registered capital of 430 million yuan. The company is a comprehensive green building materials manufacturer focusing on the research and development, production, and sales of ordinary and special concrete, prefabricated building components and parts, autoclaved aerated concrete panels and blocks, construction mortar, cement, additives, and other extended products along the industry chain.

Fupu New Material’s partners include large state-owned enterprises and real estate companies such as China Merchants Shekou, China Nuclear Group, China Railway Construction, China Hydropower, Longfor, Vanke, and Jinmao Group. In 2022, its operating revenue reached 2.85864 billion yuan, ranking 81st among Chongqing’s top 100 private enterprises in 2023.

Related company: Vanke sz000002

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