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Proposed Symbol | CNMT |
---|---|
Company Name | Camerry New Material Tech Ltd. |
Exchange | |
Share Price | $ |
Employees | 80 (as of 05/31/2025) |
Status | |
Shares Offered | |
Offer amount | $5,750,000 |
Shares Over Alloted | |
Company Address | SHOUZHI ROAD, SONGXIA TOWN BINHAI INDUSTRIAL ZONE, CHANGLE DISTRICT FUZHOU CITY, FUJIAN PROVINCE 350217 |
Company Phone | 86-0591-28762863 |
Company Website | www.jiayinylon.com |
CEO | Wenyu Lin |
State of Inc | |
Fiscal Year End | 12-31 |
Total Offering Expense | $558,290.00 |
Shareholder Shares Offered | |
Shares Outstanding | 7,705,829 |
Lockup Period (days) | 180 |
Lockup Expiration | |
Quiet Period Expiration | |
CIK | 0002046354 |
DealId | 1339275-114340 |
We are a professional manufacturer of customized nylon filament products, committed to providing multifunctional, environmentally friendly, non-standard customized elastic nylon new material products. Operating through our main operating subsidiary, Fujian Jiayi Chemical Fiber in the PRC, we specialize in the research and development and manufacture of elastic nylon functional yarn. Our Group was founded in July 1999 and our premises are located in Songxia Town, Changle District, Fuzhou City, Fujian Province, China’s famous “Lace Town”. Our PRC subsidiary has a registered capital of RMB95 million and our facilities have a total construction area of approximately 37,000 square meters, equipped with comprehensive manufacturing facilities and employee residential facilities. Our primary production equipment are imported from abroad, such as our German-made Oerlikon Barmag fully computer-controlled spinning and winding equipment production line, our German-made Oerlikon Barmag fully computer-controlled texturing equipment and our Italian-made RPR-branded fully computer-controlled texturing machine. As of May 31, 2025, we employ 80 employees in China. Since 2012, we began to actively explore and seek technological innovation in our products, and gradually realize the transformation and upgrading of our products. Our professional R&D and production teams have successively developed and mass-produced a series of nylon filament products with specific functions, such as our copper-infused antibacterial and antiviral nylon yarn, halogen-free and droplet-free flame-retardant nylon yarn, heat insulating and heat-storage nylon filament, far-infrared thermal insulation nylon yarn, graphene nylon filament, as well as our environmentally friendly and biodegradable corn nylon filament. At the same time, we also participate actively in large-scale international exhibitions and seminars. On one hand, this increases our brand awareness and market presence, and on the other hand it also provides us with timely updates on market developments in the textile industry and provide downstream customers with high-quality products and comprehensive services. Since 2016, we have expanded our sales reach to overseas markets, and we now export to various overseas textile markets, such as the United States, Italy, Canada, Belgium, Poland, Colombia, Czech Republic, South Korea, India, Vietnam, Pakistan, Bangladesh, India, Sri Lanka, Mexico, and Turkey. As a testament to the quality of our products and services, we have won various honorary titles, such as the “National High-tech Enterprise”, “Fujian Science and Technology Little Giant Leading Enterprise”, “Fujian High-tech Enterprise”, “Fujian Famous Trademark”, and “Fujian Famous Brand Product” awards. Our main nylon products can be divided into four segments, (i) primary POY products, (ii) common DTY products, (iii) functional and customized DTY products, and (iv) lace, fabric and others. Our primary POY products segment comprise the making of POY (pre-oriented yarn), which is the basic material used to produce various other derivative nylon products. Our common DTY products segment comprises DTY (Drawn Textured Yarn), which is a traditional nylon stretch yarn for general apparel manufacture without special functionalities. Our functional and customized DTY products segment refers to our production of nylon filament with specialized and tailor-made functions, with the use of different process designs, parameter settings and process adjustments combined with on-site production conditions calibrated to meet our customers’ procurement requirements. Our nylon filament products can be used in a wide variety of downstream products, spanning from clothing to household textiles and medical apparel. Our sales of lace, fabric and related products commenced in 2022. We primarily contract with third party manufacturers to produce our lace and fabric products for onward sale to our own customers. The nylon fabrication market is highly competitive and we face significant challenges in this sector. Our financial performance is intrinsically tied to the prices of raw materials for our products. Nylon chips and POY products account for about 70% of the production cost of our products. Any raw material price fluctuations will have a significant impact on our gross margins. We do not have long-term procurement contracts with suppliers, and we rely on close monitoring of market price changes in real time and fast responses to price fluctuations to control our procurement costs. Subpar procurement decisions and failure to control procurement costs will significantly affect our financial results. We also face customer concentration risks in our business operations. If we cannot continue to maintain a good cooperative relationship with our significant customer, purchase volumes may decrease, which will affect our operating performance and financial results. Functional and customized nylon products have high requirements towards production processes and require finesse from experienced production staff. If we lose the services of our experienced employees, our product quality and procurement volume may suffer, thereby affecting our financial results. The research and development of new products also involve complex production processes and technical difficulties, including the selection of filament materials and optimization of process parameters. Such R&D process may take longer than expected with no guarantee of success or monetization. If products similar to our offerings are sold on the market or competitors also develop similar technologies, we will face fierce market competition, which will affect our market share and profitability. --- Our principal executive offices are located at Shouzhi Road, Songxia Town, Binhai Industrial Zone, Changle District, Fuzhou City, Fujian Province, China 350217. Our telephone number at this address is +86-0591-28762863. Our agent for service of process in the United States is Puglisi & Associates, located at 850 Library Avenue, Suite 204, Newark, Delaware 19711. Our website is www.jiayinylon.com.