【Western News】Western Securities Sponsors Zuzu New Materials' Listing on Beijing Stock Exchange, Wins Hunan's First A-Share IPO Deal in 2026

On March 18, Changsha Zuxing New Materials Co., Ltd., a leading enterprise in China’s aluminum pigment industry, officially listed on the Beijing Stock Exchange, becoming the first Hunan A-share company to go public in 2026. Western Securities served as the exclusive sponsor and lead underwriter for this listing.

It is understood that the funds raised through this public offering will be primarily invested in high-end projects such as ultra-fine spherical aluminum powder with high purity and high-performance aluminum pigments, aiming to further optimize capacity structure and enhance core competitiveness. After listing, the company will continue to increase R&D investment, deepen technological innovation, expand domestic and international markets, and solidify its position as an industry leader. As a benchmark enterprise in China’s aluminum pigment industry, Zuxing New Materials has focused on the research, production, and sales of ultra-fine spherical aluminum powder and aluminum pigments since its establishment in 2007. With decades of dedicated effort and continuous innovation, it has successfully broken the long-standing monopoly of foreign companies in the mid-to-high-end aluminum pigment field. The company’s products are widely used in coatings, inks, plastics, and other fields, with end applications covering high-end manufacturing industries such as automotive, 3C electronics, household appliances, aerospace, and also penetrating strategic emerging sectors like new energy vehicles, semiconductors, and military aerospace.

The successful landing of Hunan’s first IPO in 2026 is not only a significant milestone in Zuxing New Materials’ development history but also a vivid example of Western Securities’ practice of the “finance serving the real economy” philosophy and precise support for the development of the new materials industry. Since the implementation of the registration system, Western Securities has leveraged its professional advantages to accurately connect enterprise needs with capital market requirements. With rich experience in sponsorship and underwriting and professional service capabilities, it has successfully sponsored and underwritten many Hunan enterprises’ listings on the A-share market. As an important participant and service provider in the capital market, Western Securities has always adhered to the development philosophy of “finance serving the real economy, striving for excellence and depth,” consciously integrating corporate development into the national strategy, deeply practicing the mission of serving the real economy, focusing on the “five major articles” of finance, technological innovation, and industrial upgrading, and deeply integrating into regional economic development strategies.

Western Securities stated that the successful listing of Zuxing New Materials is a typical example of the company establishing a new starting point for the “14th Five-Year Plan” and supporting the high-quality development of technology-based enterprises. Taking this opportunity, Western Securities will continue to uphold its original mission of serving the real economy, focus on regional deep cultivation strategies, aim to cultivate new quality productivity as a core goal, and precisely direct more financial resources to key areas supported by the state. It will provide professional and efficient support for more technology-based and innovative enterprises to access the capital market, showcasing Western strength and contributing to the construction of a strong financial nation.