ZHEJIANG RONGTAI HKEX Listing Application Lapses; No.1 Globally in New Energy Mica Composite Materials with 22.6% Market Share
NewTimeSpace News: The listing application submitted by Zhejiang Rongtai Electric Material Co., Ltd. to the Hong Kong Stock Exchange on 29 January 2026 has lapsed upon expiry of the six-month validity period. CICC acted as the original sole sponsor. According to Frost & Sullivan, measured by operating revenue in 2024, the Company ranks first globally in the new energy mica product market with a market share of 22.6%.
NewTimeSpace News: The listing application submitted by Zhejiang Rongtai Electric Material Co., Ltd. to the Hong Kong Stock Exchange on 29 January 2026 has lapsed upon expiry of the six-month term. CICC serves as the original sole sponsor.
The Company is a pioneer and leader in global new energy mica composite materials and related products. Supported by technological innovation capabilities, customer-oriented joint R&D and globally integrated lean manufacturing capabilities, it has become a major supplier of high-performance mica composite materials and relevant products for the new energy sector. The Company has expanded its business scope from mica products to key precision structural components for robots.
According to Frost & Sullivan data, based on operating revenue in 2024, the Company ranks first globally in the new energy mica product market with a market share of 22.6%, and ranks first in China with a market share of 14.1%.
Within the new energy sector, the Company serves three out of the world’s top five new energy vehicle manufacturers, four out of the world’s top five power battery suppliers and four out of the world’s top five energy storage battery suppliers. For its key precision structural component business, its clients include leading global humanoid robot manufacturers.
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