Crown New Materials Technology Co Ltd began trading on the main board of the Shenzhen Stock Exchange on November 3, becoming the first company from Zhongshan's Henglan town to go public.

For the first three quarters of 2026, Crown expects revenue of between 2.714 billion yuan and 2.754 billion yuan, up 9.12 to 10.73 percent year on year. Net profit attributable to shareholders of the parent company is projected at 225 million to 244 million yuan, compared with 244 million yuan a year earlier.

The offering's strategic investors include BOE subsidiary Tianjin BOE Innovation Investment, Tongfu Microelectronics, Giga Device, LY iTech and Desay SV's Shenzhen Desay SV Capital.

Crown specializes in the research and development, production, and sales of industrial-grade and electronic-grade adhesive materials and functional films, supplying bonding solutions to the automotive, consumer electronics, green energy, home appliances, IoT and home life sectors.

The company now runs five production bases — four in the Chinese cities of Zhongshan, Jiangmen, Suzhou and Huzhou, and one in Vietnam. It has 16 sales offices at home and abroad and does export to more than 30 countries and regions.