On 29 January 2026, Zhejiang Zhenshi New Material Co., Ltd. (stock code: 601112, “Zhenshi”) successfully completed its initial public offering and was listed on the Main Board of the Shanghai Stock Exchange. The company offered 261.055 million shares at an offer price of CNY 11.18 per share, with gross proceeds expected to amount to approximately CNY 2,918.59 million.

Zhenshi is a high-tech enterprise focusing on the research, development, production, and sale of fiber-reinforced materials for the clean energy sector. It has long been committed to achieving breakthroughs in material science for cutting-edge clean energy applications. These applications provide critical material support for high-quality industrial development. 

Leveraging continuous product R&D and innovation upgrades, Zhenshi has established a high-quality supply system serving multiple sectors, including wind power, photovoltaic power generation, and new energy vehicles. With a mature business model and a solid production capacity foundation, the company delivers stable, timely, and high-quality services to its customers.

Zhenshi’s main products include fiber-reinforced materials for wind turbine blades and photovoltaic applications. Compared with conventional materials, fiber-reinforced materials not only offer superior stability and durability but also compelling investment economics, helping customers reduce costs and improve efficiency while closely aligning with China’s national strategy for optimizing and transforming its energy structure. The offering will further advance the company’s global expansion and inject new momentum into its technological innovation and product upgrades.

Fangda acted as issuer’s counsel and participated throughout Zhenshi’s listing on the Main Board of the Shanghai Stock Exchange. The transaction was led by partners Aaron CHEN and Jane CHEN. A key team member was counsel WANG Yusong.