On July 8, 2026, POCO Holding Co., Ltd. (hereinafter referred to as “POCO Materials”), an A-share listed company based in Nanshan District, Shenzhen, Guangdong Province, filed a prospectus with the Hong Kong Stock Exchange, proposing an initial public offering (IPO) on the Hong Kong Main Board.
POCO Materials (300811.SZ) was listed on the Shenzhen Stock Exchange on December 30, 2019. As of the market close on July 8, 2026, its total market capitalization stood at approximately RMB 33.9 billion.
POCO Materials Prospectus Link
Core Business
Founded in 2009, POCO Materials is a globally leading provider of alloy soft magnetic powder products and one of the few companies worldwide with vertically integrated capabilities spanning alloy soft magnetic powders, alloy soft magnetic powder cores, and AI chip inductors. The company’s products have been incorporated into the supply chains of leading global AI chip manufacturers and cloud service providers.
According to data from CIC Consulting, by revenue in 2025, POCO Materials ranked first globally in the alloy soft magnetic powder core market with a market share of 27.1%, and ranked fifth globally in the AI chip inductor market with a market share of 7.6%.
POCO Materials has established a proprietary alloy soft magnetic powder technology platform that enables the application of materials science and process know-how across diverse products and application domains. Built upon foundational capabilities in materials technology, pretreatment technology, forming technology, and precision equipment technology, this platform supports product design, product enhancement, and scalable manufacturing throughout the company’s collaboration lifecycle with customers, allowing it to assess client requirements and deliver customized solutions. Leveraging this platform, POCO Materials has expanded from alloy soft magnetic powders to alloy soft magnetic powder cores, and further into AI chip inductors.
POCO Materials’ product portfolio primarily includes (i) alloy soft magnetic powder cores, (ii) AI chip inductors, and (iii) alloy soft magnetic powders. Alloy soft magnetic powder cores are manufactured from alloy soft magnetic powders. Customers typically combine these cores with copper windings to produce wound power inductors, primarily used in power conversion applications. The company’s AI chip inductors are fully integrated, board-mountable inductor components fabricated through a monolithic forming process using alloy soft magnetic powders and conductors, primarily serving chip-level power delivery in AI computing infrastructure.
Shareholding Structure
As disclosed in the prospectus, prior to its Hong Kong listing, POCO Materials’ shareholding structure included the following:
Mr. Du Jianghua directly holds 2.04% of the shares and indirectly holds 22.44% through MoMa Investment, which he controls with a 54% stake, giving him voting rights over a total of 24.49% of the shares, making him the single largest shareholder;
Mr. Zhou Houqiang holds 10.78%;
Mr. Luo Zhimin, holding 5.63%;
Mr. Ruan Jialin, holding 5.46%;
Other A-share shareholders hold 53.65%.
Directors and Senior Management
The Board of Directors of Boker New Materials consists of seven directors, including:
4 executive directors:
Mr. Du Jianghua (Founder, Chairman);
Mr. Zhou Houqiang (formerly Guo Xiongzhi) (Founder, General Manager);
Mr. Ruan Jialin (Deputy General Manager, Secretary of the Board, Joint Company Secretary);
Mr. Luo Zhimin (Deputy General Manager);
3 Independent Non-Executive Directors:
Dr. Xie Chunxiao (Professor of Mechanical Engineering, Dongguan University of Technology);
Dr. Yi Zhihong (Professor, Renmin University of China);
Mr. Li Zhishen (Audit Partner at Zhonghui Anda Certified Public Accountants).
In addition to executive directors, senior management includes:
Mr. You Xin (Chief Financial Officer).
Company performance
According to the prospectus, Boshi New Materials reported revenues of RMB 1.159 billion, RMB 1.663 billion, RMB 1.802 billion, and RMB 490 million for the years 2023, 2024, 2025, and the first three months of 2026, respectively, with corresponding net profits of RMB 256 million, RMB 374 million, RMB 426 million, and RMB 89 million.
Intermediary team
The intermediary team for Boshi New Materials' current IPO primarily includes:
CITIC Securities as its exclusive sponsor;
KPMG as its auditor;
Tian Yuan acted as its PRC legal counsel;
Paul Hastings as its Hong Kong and U.S. legal counsel.
King & Wood Mallesons served as its PRC counsel;
Sullivan & Cromwell served as the company’s legal counsel in Hong Kong and the United States;
Yuexiu Capital serves as its compliance advisor;
CIC Consulting serves as its industry advisor.