Tongcheng New Materials passes HKEX hearing; leads global tyre phenolic resin additives
Tongcheng New Materials Group passed the Stock Exchange of Hong Kong listing hearing on September 16, after formally filing its prospectus on August 21 with Haitong International Capital as sponsor. The integrated new materials supplier operates three segments: tyre rubber additives and other chemical products, electronic materials, and fully biodegradable materials. In fiscal 2025, it ranked first globally and in China in tyre phenolic resin rubber additives, with market shares of 41.4% and 45.9%, and was the leading domestic supplier in China's semiconductor photoresist and TFT array photoresist markets, with shares of 5.8% and 26.2%.
Tongcheng New Materials Group Co. , Ltd. passed the Stock Exchange of Hong Kong listing hearing on September 16. The company formally submitted its prospectus on August 21, with Haitong International Capital Limited as sponsor.
The company is an integrated new materials supplier principally engaged in the research and development, production, marketing, sales and distribution of new materials. During the track record period, its main business comprised three segments: tyre rubber additives and other chemical products, electronic materials, and fully biodegradable materials.
In fiscal 2025, the company ranked first in sales revenue in the global and China tyre phenolic resin rubber additives markets, with market shares of 41.4% and 45.9%, respectively. In the electronic materials field, the company ranked first among domestic suppliers in sales revenue in China's semiconductor photoresist market and China's thin-film transistor (TFT) array photoresist market in fiscal 2025, with market shares of 5.8% and 26.2%, respectively.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Specialty Chemicals, with intensity 40/100 and 70% confidence over a short term horizon.
Specialty Chemicals
- Direction
- positive
- Intensity
- 40
- Confidence
- 70%
- Horizon
- Short term
Semiconductor Value Chain
- Direction
- positive
- Intensity
- 35
- Confidence
- 65%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.