Zhejiang Rongtai refiles for HKEX listing: CITIC Securities acts as sole sponsor, ranked first in global new energy mica product revenue in 2025

NewTimeSpace News: On 24 August 2026, Zhejiang Rongtai Electric Material Co., Ltd. refiled its application with the Stock Exchange of Hong Kong, with CITIC Securities acting as sole sponsor. The Company is a pioneer and leader in new energy mica composite materials and related products globally. According to Frost & Sullivan, the global and China new energy mica product markets were RMB 4.7 billion and RMB 3.9 billion respectively in 2025, and by revenue in 2025, the Company ranked first in both the global and China markets, with market shares of 22.7% and 12.7% respectively.

The Company's mica composite materials and related products are designed to provide thermal protection, flame-retardant insulation and electrical safety, primarily applied to new energy vehicles, home appliances and fire-resistant cable applications, and, leveraging its cross-disciplinary expertise in precision processing, the Company has expanded into robot key precision structural components. The Company has been dedicated to the R&D, production and sales of mica materials for over 20 years, commencing R&D of mica products for new energy applications in 2013.

According to Frost & Sullivan, mica products saw initial applications in power batteries and energy storage in 2012 and gradually achieved large-scale adoption after 2016. The Company believes that, with increasingly stringent policies and safety standards and the growing emphasis on safety in downstream industries, the application scenarios of mica products in the new energy vehicle sector are expected to expand further.

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