On August 5, Jiangxi Jiangnan New Material Technology Co., Ltd. (Stock Code: 603124) unveiled its 2026 strategy to issue A-share stocks to targeted investors, with the goal of raising up to 1.6 billion yuan. These funds will be earmarked for the development of a high-purity electronic-grade copper oxide powder project and a liquid cooling module and accessories project. The high-purity electronic-grade copper oxide powder project entails a total investment of 750 million yuan, with 745 million yuan sourced from the raised capital. The project is slated for a three-year construction period and, upon completion, is projected to augment annual production capacity by 60,000 tons and generate annual sales revenue of approximately 4.8 billion yuan. Similarly, the liquid cooling module and accessories project requires a total investment of 910 million yuan, with 855 million yuan of the raised funds allocated for this purpose. Also spanning three years in construction, this project is anticipated to achieve annual sales revenue of around 3.2 billion yuan upon fruition.
