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IPO Prospect | Dongfang Kemaio Re-Files for Listing: Revenue Surges 48.8%, Why Did Operating Cash Flow Drop by 136 Million?
Earning 1 yuan in profit requires a cash outlay of 1.7 yuan?
Valued at 3 Billion! E-Paper Leader Oriental Science Pulse Pursues IPO Again
①In its inquiry letter, the Shanghai Stock Exchange repeatedly requested Dongfang Kemaigu to explain whether the pricing of related-party transactions with E Ink Holdings was fair, whether there was any transfer of interests, and how to address the risks of supply disruption or direct competition from E Ink Holdings. ②One of the core reasons for the limited profitability is the company's heavy reliance on upstream core raw material suppliers.
Orient Kemaiyuan has submitted its IPO prospectus and plans to go public in Hong Kong, with CITIC Securities as the sole sponsor.
On April 16, 2026, Zhejiang Dongfang Kemaibo Electronics Co., Ltd. (referred to as 'Dongfang Kemaibo') from Jiashan County, Jiaxing City, Zhejiang Province, submitted its prospectus to the Hong Kong Stock Exchange, planning to list on the Main Board of the Hong Kong Stock Exchange.
IPO News | Oriental Display Technology Submits Listing Application to HKEX Again as the World's Second-Largest E-Paper Display Manufacturer
According to a disclosure by the Hong Kong Stock Exchange on April 16, Zhejiang Dongfang Koma E-paper Technology Co., Ltd. (referred to as Dongfang Koma) has once again submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with CITIC Securities acting as its exclusive sponsor.
IPO News | Dongfang Kemaipo's Hong Kong IPO and the 'full circulation' of its unlisted domestic shares have been filed with the China Securities Regulatory Commission.
On March 30, the International Cooperation Department of the China Securities Regulatory Commission issued the 'Filing Notice for Zhejiang Orient Kaimai Electronics Co., Ltd. regarding its overseas issuance and listing, as well as the 'full circulation' of unlisted domestic shares.'
IPO News | The prospectus for Dongfang Kemaibo's Hong Kong IPO has lapsed.
The Hong Kong stock prospectus submitted by Zhejiang Dongfang Kemaie Electronic Co., Ltd. (referred to as: Dongfang Kemaie) on September 25, 2025, expired on March 25, 2026, after being valid for six months.