- Business
- Jiangsu Kuangshun Photosensitivity New-Material Stock Co., Ltd. (300537.SZ), also known as Guangxin Materials, researches, develops, produces, and sells photo-curing electronic chemicals, including photoresists and specialty coatings, primarily serving the printed circuit board, display, semiconductor, photovoltaic, consumer electronics, automotive, and metal packaging industries in China and internationally. Founded in 2006 and headquartered in Jiangyin, Jiangsu Province, China, the company listed on the Shenzhen Stock Exchange GEM board in August 2016 and employs approximately 505 people. Its core products encompass photoresists such as PCB photoresists, display photoresists, semiconductor photoresists, photovoltaic adhesives, PV package and insulating adhesives, and supporting reagents including liquid photosensitive solder resist inks, UV curing solder resist inks, UV curable marking inks, heat curing solder resist inks, heat curing marking inks, and UV curable acid and etch resistant inks; coating solutions cover consumer electronics structural components like 3C vibration wear-resistant, cosmetic packaging, and color-adding plating combinations, automotive interior/exterior coatings, heavy anticorrosive and offshore equipment coatings, PVC floor coatings, functional film coatings for optical/electronic/decorative films (including high water droplet angle wear-resistant coatings, projection screen water-based coatings, high-hardness transparent acrylic coatings, high refractive index display products, self-cleaning weather-resistant PC skylight coatings, and antibacterial/antiviral skin-feel coatings), and metal packaging coatings such as UV-curable external and internal coatings for cans compliant with Chinese food regulations and FDA standards. In recent developments, the company's functional film materials and metal packaging segments achieved substantial revenue growth of 269.63% to RMB 35.21 million in the first half of 2024, with PCB photoresists comprising 59.60% of overall revenue; it released 2025 semi-annual results showing revenue of RMB 233 million (down 10.38% year-over-year) and net profit of RMB 13.54 million (down 51.38%), alongside advancements like Dragon Nan base self-made modified resin production reaching about 2,000 tons annually, passage of NORSOK M-501 testing for marine engineering coatings, contacts from photovoltaic firms expanding BC battery capacity, CSRC approval for targeted stock issuance (completed at RMB 143.5 million), and board changes including director resignations and elections.