Jinchuan Ruixiang IPO to Raise Funds for Expanding Lithium Iron Phosphate (LFP) Production Capacity

Chempricehub, July 3
The official website of the Shenzhen Stock Exchange (SZSE) shows that Jinchuan Ruixiang’s IPO application on the ChiNext board was accepted on June 29. According to the prospectus, Jinchuan Ruixiang—which ranked first globally in terms of ternary cathode material shipment volume in 2025 with annual revenue exceeding RMB 20 billion—plans to raise RMB 3.78 billion to scale up its high-tap-density lithium iron phosphate (LFP) cathode material production capacity. This move aims to achieve its industrial goals of "strengthening the ternary business, scaling up the phosphate-based business, and advancing frontier layouts."