山东凯盛新材料股份有限公司

What 山东凯盛新材料股份有限公司 does

Shandong Kaisheng New Materials Co., Ltd. (山东凯盛新材料股份有限公司, 凯盛新材) is a Zibo, Shandong-headquartered specialty chemicals manufacturer founded in December 2005 and listed on the Shenzhen Stock Exchange GEM (stock code 301069.SZ) since September 2021. The company operates two product lines: a Fine Chemical Series built on chlorination chemistry — thionyl dichloride (where it claims the world's largest production base), isophthaloyl chloride, terephthaloyl chloride, p-nitrobenzoyl chloride, chloroacetyl chloride, sulfuryl chloride, and 2-propyloxychloroethane — and a Polymer Materials line anchored on PEKK (polyether ether ketone ketone), where it is the third company globally and the first in China with independent intellectual property for industrial-scale production. Downstream applications span pharmaceutical and pesticide intermediates (ciprofloxacin, levofloxacin, amoxicillin precursors), aramid fiber monomers (Kevlar/N Nomex precursors), aerospace composites, food-grade sweetener synthesis (sucralose), high-performance protective equipment, and EV battery components.

The company's business model is B2B direct sales, with dedicated sales phone lines, named sales representatives, and email contacts for each product category, targeting enterprise customers across aerospace, pharmaceutical, agrochemical, food additive, and new energy sectors. It currently serves 1,000+ enterprises across dozens of industries. Revenue is generated through one-time sales of chemical intermediates and polymer materials (powder, pellets, and coating processing services), with no disclosed subscription or licensing model. The firm has a wholly-owned subsidiary, Weifang Kaisheng New Materials, which operates a national-level 5G smart factory. Capital structure includes an RMB 420.64 million registered capital and a RMB 650 million convertible bond issued in December 2023 to fund lithium battery electrolyte lithium salt projects under the company's 'One Chain Two Wings' diversification strategy. Pricing is not publicly disclosed, no e-commerce channel is operated, and the company has authored or hosted four national chemical industry standards and an IP management certification, embedding its specifications as the de facto industry baseline.

Name

山东凯盛新材料股份有限公司

Legal name

山东凯盛新材料股份有限公司

Website

https://ksxc.cn

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Shandong Kaisheng New Materials is a Zibo-based specialty chemicals manufacturer operating the world's largest thionyl chloride production base and China's first industrial-scale PEKK polymer line, selling chlorination intermediates and high-performance polymers to 1,000+ enterprise customers across aerospace, pharmaceutical, agrochemical, food additive, and new energy sectors.

Ownership category

akta.pro rank

Product category

Specialty Chemicals

NAICS

Paint and Coating Manufacturing (32551), Paint, Coating, and Adhesive Manufacturing (3255), Resin and Synthetic Rubber Manufacturing (32521)

SIC

Miscellaneous Chemical Products (2890), Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851), Industrial Organic Chemicals (2860)

akta.pro primary industry

Industrial & Protective Coatings (IMAEAGAB)

akta.pro secondary industries

Industrial Protective Coatings (IMAEAHAB), Chlor-Alkali & Derivatives (IMAEAAAC)

Keywords

• Fine chemicals manufacturing
• Chlorination intermediates
• High-performance polymers
• PEKK materials
• Specialty chemicals

Headquarters

HQ city

Zibo City

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Fine Chemical Products Sales: Revenue primarily generated from manufacturing and selling fine chemical products including thionyl dichloride, isophthaloyl chloride, terephthaloyl chloride, p-nitrobenzoyl chloride, chloroacetyl chloride, sulfuryl chloride, and 2-propyloxychloroethane. These serve as intermediates for pharmaceuticals, pesticides, dyes, and food additives.
2. Polymer Materials (PEKK) Sales: Sales of high-performance polymer material PEKK in powder and pellet forms, along with PEKK coating processing services. Applications include aerospace, industrial molds, chemical/pharmaceutical equipment, electronics, automotive, and food processing.
3. Convertible Bond Issuance: Company issued RMB 650 million convertible bond (凯盛转债, bond code: 123233) in December 2023 to fund lithium salt projects in the EV battery electrolyte sector as part of the 'One Chain Two Wings' strategy.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Shandong Kaisheng New Materials manufactures and sells fine chemical intermediates (thionyl chloride, isophthaloyl chloride, terephthaloyl chloride, p-nitrobenzoyl chloride, sulfuryl chloride, chloroacetyl chloride, chloroether) and high-performance polymer materials (PEKK resin, PEKK pellets, and PEKK coating processing). The company's products serve as critical raw materials and intermediates for pharmaceuticals, agrochemicals, dyes, food additives (sucralose), aramid fibers, and industrial coatings for aerospace, automotive, and lithium battery applications.

Product overview

Shandong Kaisheng New Materials Co., Ltd operates as a fine chemicals and new polymer materials manufacturer with two main product lines. The Fine Chemical Series includes chlorination agents and acyl chlorides: Thionyl Chloride (the company's flagship product, making them the world's largest producer), Isophthaloyl Chloride, Terephthaloyl Chloride (major domestic producer and key raw material for aramid fibers), p-Nitrobenzoyl Chloride, 1-(2-Chloroethoxy)propane (chloroether), Sulfuryl Chloride, and Chloroacetyl Chloride. The Polymer Materials segment focuses on Polyether Ether Ketone Ketone (PEKK), a high-performance polymer with applications in aerospace, automotive, medical, and industrial coating sectors, offered as powder, pellets, and coating processing services. The company is the third company worldwide and first in China to have proprietary intellectual property for PEKK industrial production.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Global No. 1 market position in thionyl dichloride production
• +2 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• 潍坊凯盛新材料有限公司 (Weifang Kaisheng New Materials Co., Ltd.)coreOthers · 15 December 2023Wholly-owned subsidiary of Kaisheng New Materials recognized as a national-level 5G factory. Represents the company's digital transformation and smart manufacturing capability. Selected for inclusion in the Ministry of Industry and Information Technology's 2023 5G Factory Catalog.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Victrex: Victrex is a UK-listed global leader in high-performance polyketones (PEEK and PEKK family). Directly comparable to Kaisheng as one of the few global PEKK producers; competes for the same aerospace, automotive, and 3D printing applications in the high-performance polymer market.
• Solvay: Solvay (now Syensqo) is a global specialty chemicals major with PEKK and PEEK offerings under its specialty polymers portfolio. Directly comparable as a global PEKK/PEEK producer serving overlapping aerospace, automotive, and electronics customers.
• Teijin Limited: Teijin is a Japanese chemical and materials company producing Twaron aramid fiber and high-performance materials. Directly comparable as a downstream consumer of terephthaloyl/isophthaloyl chloride monomers and a competitor in aramid fiber and high-performance protective materials.
• Toray Industries: Toray is a Japanese advanced materials manufacturer and one of the world's largest aramid fiber producers (Technora). Comparable to Kaisheng as a buyer of aromatic polyamide monomers (isophthaloyl/terephthaloyl chloride) and as a competitor in the downstream aramid fiber and high-performance materials value chain.

Regional players

• Shandong Dongyue Chemical: Dongyue is a Shandong-based Chinese chemical manufacturer producing fluoropolymers, refrigerants, and specialty chemicals. Comparable as a regional peer in fluoropolymer and specialty chemicals production, with potential overlap in fluororesin-based coating applications alongside Kaisheng's PEKK coatings.
• Zhejiang Juhua Co., Ltd. Zhejiang Juhua is a major Chinese chemical manufacturer specializing in chlor-alkali, fluorochemicals, and specialty chemicals. Comparable as a regional peer in chlorination chemistry and downstream fluoropolymer/specialty chemicals, serving overlapping industrial and pharmaceutical intermediate markets.

Broad incumbents

• Mitsubishi Chemical Group: Mitsubishi Chemical is a Japanese diversified chemicals major with extensive specialty chemicals, polymers, and industrial materials portfolios. Comparable as a broad incumbent in specialty chemicals and high-performance polymers, with overlapping customer segments in aerospace, automotive, and electronics.
• DuPont: DuPont is a global materials science giant with broad high-performance polymer and fluoropolymer offerings. Comparable as Kaisheng explicitly partners with DuPont's fluororesin materials for PEKK coating formulations; competes in adjacent specialty materials and protective coatings segments.
• Arkema: Arkema is a French specialty chemicals major with a wide range of industrial chemicals, intermediates, and high-performance polymers. Comparable as a broad incumbent offering specialty chemicals and polymer materials that overlap with Kaisheng's chlorination intermediates and polymer product lines.

Others

• Daikin Industries: Daikin is a Japanese global leader in fluoropolymers and fluorochemicals. Related to Kaisheng as a named supplier of fluororesin materials combined with PEKK in coating formulations; a comparable high-performance coatings material supplier though not a direct competitor in Kaisheng's core product lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/%E5%B1%B1%E4%B8%9C%E5%87%AF%E7%9B%9B%E6%96%B0%E6%9D%90%E6%96%99%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

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