Industry M&A Under Review

Boqian New Materials Files for Hong Kong IPO, Ranks Second Globally in MLCC Nickel Powder Supply

2026-06-17

Jiangsu Boqian New Materials Co., Ltd. has submitted an H-share listing application to the Main Board of the Hong Kong Stock Exchange, with Guotai Junan International acting as the sole sponsor. The company, already listed on the Shanghai Stock Exchange A-share market in 2020, is pursuing an "A+H" dual listing for the first time via this Hong Kong filing. Specializing in the R&D and sales of high-end metal powder materials, Boqian leverages its proprietary PVD-based technology platform to offer products including nickel-based, copper-based, silver powder, and alloy powders, applied in MLCC, photovoltaic electrodes, solid-state battery anodes, and more. According to a Frost & Sullivan report, based on 2025 revenue, the company holds approximately 11.0% of the global market share in MLCC nickel powder supply, ranking second worldwide. In 2025, it reported revenue of RMB 1.152 billion and net profit of RMB 219 million. The H-share issuance is subject to approvals from the China Securities Regulatory Commission, the Hong Kong Securities and Futures Commission, and the Hong Kong Stock Exchange.

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博迁新材递表港交所，MLCC镍粉全球供应商位居第二

江苏博迁新材料股份有限公司向港交所主板递交H股上市申请，独家保荐人为国泰君安国际。公司2020年已在上交所A股上市，本次为首次港交所递表，推进“A+H”双重上市布局。公司专注于高端金属粉体材料研发与销售，依托自主开发的以PVD为核心的技术平台，产品涵盖镍基、铜基、银粉及合金粉等，应用于MLCC、光伏电极、固态电池负极等领域。根据沙利文报告，以2025年收入计，公司在MLCC镍粉全球供应商中市场份额约11.0%，位居全球第二。2025年营收11.52亿元、净利润2.19亿元。本次H股发行尚需取得中国证监会、香港证监会及港交所批准。

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2026-08-12

America Makes Announces 2026 Ambassadors and Outstanding Collaboration Award

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