The Zhitong Finance App learned that on October 23, the International Cooperation Department of the China Securities Regulatory Commission issued the “Notice Concerning the “Full Circulation” of Overseas Issued Listed and Domestic Unlisted Shares of Kunlun New Energy Materials Technology (Yichang) Co., Ltd.” Kunlun New Materials plans to issue no more than 154,159,500 overseas listed common shares and list them on the Hong Kong Stock Exchange. The 27 shareholders of the company intend to convert a total of 324,217,410 domestic unlisted shares into overseas listed shares and list them for circulation on the Hong Kong Stock Exchange.
According to the prospectus, Kunlun New Materials is a global supplier of lithium battery electrolytes, focusing on R&D, production and sales of lithium battery electrolytes and emerging battery materials. According to Frost & Sullivan, in terms of electrolyte revenue, Kunlun New Materials ranked third among global electrolyte suppliers in 2025, with a market share of 3.6%.
Kunlun New Materials has become a rapidly growing electrolyte technology company in China, and its market share has been growing steadily in recent years. According to Frost & Sullivan, the company's electrolyte shipments have increased dramatically in the past five years, with a compound annual growth rate of 59.6% from 2021 to 2025, which is higher than the industry average. According to Frost & Sullivan, over the past five years, Kunlun New Materials ranked among the world's leading electrolyte suppliers in terms of electrolyte shipments, and its market share has steadily increased from 3.0% in 2021 to 4.5% in 2025. In addition, Kunlun New Materials has a strategic layout in the field of emerging battery materials such as solid electrolytes (“solid electrolytes”), gel electrolytes, solid-liquid mixed electrolytes, and sodium-ion electrolytes. The company has large-scale production capabilities for all of these products and provides small-batch production services to meet segmented and customized customer needs.