Jiuding Investment's backing of Chengdu Fusenmei Home Co., Ltd. for its IPO signifies a strategic move to bolster its position in the burgeoning Chinese building materials and home furnishing market.

Information on the Target

On November 9, 2016, Chengdu Fusenmei Home Co., Ltd. (stock abbreviation: Fusenmei; stock code: 002818), a company invested by Jiuding Investment Management Fund, officially went public on the Shenzhen Stock Exchange. Headquartered in Chengdu, Sichuan, Fusenmei is a leading enterprise in the regional building materials and home furnishing market. Following its IPO, the company aims to solidify its dominant position in traditional markets while also expanding into new business areas through a dual-driven strategy of 'industry + finance'.

Since 2016, Jiuding Investment has successfully facilitated the IPOs of seven enterprises, including Fusenmei (002818), Xinnatural Gas (603393), Dawi Co. (300535), Diwang Sanitary Ware (002798), Haozhijidian (300503), Beiken Energy (recently approved), and Jiangsu Zhongqi (recently approved), all of which have either gone public or are set to enter the A-share market.

Industry Overview in China

China’s building materials and home furnishing sector has demonstrated significant growth over the past decade, driven by increased urbanization and rising disposable income. As more Chinese families seek quality home products, compan