IPO Application of Anhui Fengxing Approved by CSRC Another JD-invested Company Ventures into Capital


The Initial Public Offering (IPO) application of Anhui Fengxing Wear Resistant Materials Co., Ltd (hereinafter referred to as Anhui Fengxing), invested by JD Capital, was approved by the China Securities Regulatory Commission (CSRC) on May 8.

Anhui Fengxing is a high-tech enterprise engaging in the R&D, manufacturing, marketing and technology service of wear-resistant material in the field of metal casting, with its main products including “Fengxing” brand high-chromium alloy ball (high chromium ball), high-chromium alloy in paragraph (high-chromium in paragraph) and other series of products of wear-resistant material, all new-type abrasive medium. Anhui Fengxing is the largest professional manufacturer of wear-resistant material in China, with an annual capacity of around 850,000 tons of wear-resistant materials. It has acquired a total of 46 state-level patents, including 12 patents for invention, 12 patents for utility models and 22 appearance design patents. Through participating in or taking charge of the drafting of many national and industrial standards, Anhui Fengxing has garnered technological advantages over its peers in the industry.

Anhui Fengxing’s products have been widely applied to grind and produce materials in the industries of metallurgical mines, cement for building materials, thermal power generation, magnetic materials, and etc. At present, Anhui Fengxing has established stable cooperation with many renowned domestic and foreign enterprises including China National Gold Group Corporation, Sinosteel Mining Limited, Zijin Mining Group Co., Ltd, Companhia Vale do Rio Doce, Huaxin Cement Co., Ltd and China Resources Cement Holdings Limited. 

As China is making increasing efforts to implement policies for energy conservation and emission reduction, high energy-consumption enterprises in the fields of cement & building materials, metallurgical mines, thermal power generation are facing growing pressure to conserve energy and cut emission. Therefore, the demand for wear-resistant products which are more abrasive resistant, more energy-conserving and of lower abrasion is on the rise.

JD Capital took stakes of Anhui Fengxing in April 2011, becoming its second largest shareholder with 22.7% shares prior to the IPO. In 2015, four enterprises (i.e. Anhui Fengxing, Shanxi Yongdong Chemistry (002753), Fujian Cosunter Pharmaceutical (300436) and Ningbo Tianheng Pharmaceutical (acquired by Fuan Pharmaceitucal (300194) already)) invested by JD Capital got listed on the A-share market. Besides, 30 enterprises invested by JD Capital have been listed on the NEEQ.