Techstorm launches Shanghai IPO, championing green innovation with core technologies

Techstorm Advanced Material Corp Ltd, a national high-tech enterprise specializing in the R&D, production, and sales of new materials, made its official debut on the main board of the Shanghai Stock Exchange (SSE) on Oct 17, 2025.

Headquartered in the Lingang Special Area of the China (Shanghai) Pilot Free Trade Zone, the company focuses on high-performance thermosetting resins such as epoxy, polyurethane, acrylic, and silicone. Its product portfolio comprises three major lines: materials for wind turbine blades, resins for new composite materials, and adhesives for new energy vehicles (NEVs) and industrial applications.

By working with business sectors like wind power, NEVs, energy storage, and hydrogen energy, Techstorm has seized growth opportunities and steadily cultivated new quality productive forces. With a mature business model, stable operational performance, and significant scale, the company aligns with the SSE main board's positioning as a "blue-chip" listing. It plans to use the IPO as a springboard to further enhance profitability and comprehensive competitiveness.

Market position & scale: A pillar for global clean energy

In clean energy sectors such as wind power and NEVs, high-performance thermosetting resins are essential to manufacturing processes, making Techstorm's products an essential industry resource. With its global scale advantages and stable client relationships, the company has secured a leading global market share in wind power materials.

From 2022 to 2024, Techstorm's "Epoxy Resin Series for Wind Turbine Blades" ranked first globally in terms of sales for three consecutive years, according to a statement from the China Petroleum and Chemical Industry Federation, while its"Structural Adhesives for Wind Turbine Blades"ranked second in China and third worldwide. The company's sales volume and revenue in this period far exceed those of domestic peers.

Its products cover mainstream blade types and have been successfully applied in the infusion of extra-large blades exceeding 147 meters in length, which demand the highest performing materials available. Techstorm is the only Chinese supplier providing both epoxy resins and structural adhesives for wind turbine blades to Vestas, a global wind turbine giant, underscoring its technical strength and recognition in high-end international markets.

The company maintains stable partnerships with leading domestic and international industry players, including Vestas, Nordex Group, Goldwind, Envision Energy, BYD, GAC Group, Svolt Energy, and Gotion High-Tech. This high customer concentration—with the top five clients accounting for 68.19 percent to 76.78 percent of Techstorm's total revenue during the reporting period—reflects the condensed nature of the wind blade industry.

Core technology & innovation: End-to-end solutions

Techstorm's competitive edge stems from extensive technical expertise, a comprehensive intellectual property portfolio, and integrated solution capabilities, which is difficult to replicate. The company operates a centrally managed R&D system with a CNAS-certified laboratory and six dedicated platforms: curing reaction kinetics, fluid rheology, toughening technology, high-filling technology, aging resistance, and modeling and simulation. These platforms support theoretical innovation and enhance R&D efficiency through advanced experimental methodologies.

As of June 30, 2025, the company held 69 patents, including 38 invention patents, with 14 PCT international patent applications pending. It has also contributed as a primary drafter of the national standard "Plastics—Epoxy Resins—Test Methods" (GB/T 41929-2022).

Notable innovations include a full-temperature-range thermally conductive structural resin for NEVs, which maintains modulus variation within one order of magnitude between -40 C and 65 C while achieving bond strength above 5MPa, significantly improving battery pack reliability. Currently, the company is developing a degradable thermosetting resin technology based on dynamic and reversible covalent bonds, aiming to enable recycling of waste thermosets through chemical design—addressing industry challenges while reducing resource waste and carbon emissions.

Other core technologies include aerospace-grade, high-toughness HP-RTM epoxy resins, low-sensitization epoxy resins, and rail-transit-grade flame-retardant epoxy resins.

Capital strategy & growth outlook

Techstorm demonstrates robust profitability and growth potential, reinforced by continuous technology investment and market expansion. The company expects strong performance for the first three quarters of 2025, with net profit attributable to shareholders projected to rise 48.21 – 58.43 percent year-on-year, and revenue expected to grow 22.32 – 27.03 percent, driven by high production and sales volumes between January and September.

Proceeds from the IPO will be directed toward"Annual Output of 56,000 Tons of High-End Adhesives for New Energy and Power Batteries and High-Performance Composite Resin Systems" and repaying bank loans. The projects are closely aligned with the company's core business and aim to expand capacity, optimize product mix, and strengthen independent innovation. Loan repayment will help reduce the debt-to-asset ratio and improve financial structure.

Looking ahead, Techstorm aims to become a global leader in comprehensive new material solutions, while consolidating its leading position in wind blade materials. The company is actively expanding into photovoltaics, consumer electronics, semiconductors, rail transit, 3D printing, 5G communications, shipping, and building materials.

Techstorm also plans to pursue a global strategy of establishing sales networks in Europe, the Americas, and Southeast Asia to enhance its international presence. By building highly automated, digitalized, and intelligent production facilities, Techstorm is poised to support the sustained and rapid growth of the global materials industry.