Cybrid Technology's share price rises 44% on first day of IPO,

innovative polymer company hits the capital market

(hereinafter referred to as Cybrid Technology (stock code: 603212)) was officially listed on the main board of the Shanghai Stock Exchange on April 30. The issue price was RMB 10.46/share, the number of new shares was 40.01 million, accounting for 10.00% of the total issued share capital, and the issue price/earnings ratio was 22.57 times. The company's secondary market share price topped 43.98%, with a current price of 15.06 yuan per share and a total market value of 6.024 billion yuan.

At 9:30 p.m., Deputy Secretary of Suzhou Municipal Party Committee Zhu Min, Deputy Mayor Wang Yang, Vice Chairman of CPPCC, and Vice Chairman of Suzhou Municipal People's Political Consultative Conference Zhu Min, Vice Mayor Wang Yang, and Vice Chairman of Suzhou Municipal People's Political Consultative Conference Zhu Min, and Vice Chairman of Suzhou Municipal People's Political Consultative Conference Wang Yang held a ceremony for the initial public offering of A-shares of Cybrid at Suzhou Wujiang Hotel. Wang Qinghua, Chairman and Secretary of the District Party Committee, Li Ming, Deputy Secretary of the District Party Committee and Mayor, Fan Jianlong, Member of the Standing Committee of the District Party Committee and Deputy Secretary of the Party Working Committee of Wujiang Development Zone, Zhang Binggao, Deputy Mayor, Fan Li, Chairman of Dong Wu Securities, Gao Jifan, Chairman of Trina Solar, Wu Xiaoping, Chairman of Saiwu Technology, and the champion workers from the Saiwu Skills Competition, rang the listing gong together.

The original KPF backsheet has a global market share of more than 30%. The original internal product standard has become a national standard, and it is the first drafter of national standards for backsheets. It is also the world's second largest producer of POE films for double-glass PV modules and the world's inventor and leader of maintenance materials for the PV after-market. The ceremony was attended by guests from leading PV enterprises such as Trina Solar, Canadian Solar Power, JA Solar, JinkoSolar, GCL Integrated, LONGI Le Ye, Dongfang Risheng, Wuxi Suntech, Zhongli TengHui, TUV and so on. At the ceremony, Cybrid Technology launched the PV double-glass module POE film expansion project, which will triple the existing output.

With the belief of becoming a new solution provider and new standard leader of functional polymer materials in thin film form for diversified applications, since 2016, relying on its innovative R&D capability, Cybrid Technology has become the leading unit for drafting national standards for IGBT laminated masterbatch materials in many fields other than PV applications, and has successively launched applications in mobile phones, LCDs, IGBT inverters, electric vehicles, and other industries. In the meantime, Cybrid Technology will build a new materials innovation center, which will be open to global customers, suppliers and universities and research institutes, and will be the supplier of leading enterprises such as Changzhou Carbon, Ophir, BOE, Gree, Ningde Times and BYD. At the same time, Cybrid Technology will build a new materials innovation center, which is open to global customers, suppliers and universities and scientific research institutions, as well as to the general public, and its research fields are oriented to personal protection, daily consumer goods, household products and other experiential co-innovation, which will become a base for industrial tourism and creative industrial culture.

Cybrid embraces the future with innovation, with the mission of building international standard talents, international standard technology and international standard products, Cybrid continuously develops the added value of thin films to form functional materials, continuously expands the application fields of products, and is committed to developing the company into a concentric diversified, innovation-driven comprehensive manufacturer of functional polymer materials that reaches the international leading level in the segmented market.