Earntz Healthcare Products Inc.

General Information

We are a holding company incorporated in the Cayman Islands. Our ordinary shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through the operating VIE in China. Neither we nor our subsidiaries own any shares in the VIEs. 

We, through the operating VIE Shanghai Earntz, are engaged in the business of manufacturing and selling nonwoven fabrics and related products, such as disposable non-surgical face masks as well as eye masks. We are also in the process of developing sanitary products, including adult diapers and feminine hygiene pads. Nonwoven fabrics provide specific functions, such as absorbency, liquid repellence, resilience, stretch, softness, strength, flame retardancy, washability, cushioning, thermal insulation, acoustic insulation, filtration, and use as a bacterial barrier and sterility. Combined with other materials, nonwoven fabrics are widely used in healthcare and consumer products industries.

Shanghai Earntz has two high quality Kasen melt-blown production lines imported from Japan and two Andritz air-through nonwoven production lines made in France. These production lines can produce melt-blown nonwoven fabrics with a filtration efficiency of 99.99%, which can be used to manufacture European FFP3 masks that have the highest protection level. Our mask products obtained many qualifications and test certifications, such as CE certification (FFP2 and FFP3 level), China KN95 level certification, and EUA (Emergency Use Authorization) certification of US FDA. The EUA certification of US FDA was received on August 19, 2020 and has expired on June 30, 2021. We have not exported face masks since the expiration of the EUA certification. Shanghai Earntz also has obtained all required permits and licenses for its mask products issued by Shanghai Administration of Market Regulation.

Our primary raw materials are fibers and fabrics. Shanghai Earntz sources raw materials from recognized international brands such as Toray Chemical. Our products have been sold to international markets and countries such as the United States, Germany, Spain, Italy, Portugal, Netherlands, United Arab Emirates, Japan and South Korea. In August 2021, Shanghai Earntz was ranked at No. 4 of the top 50 growth companies in Shanghai by Shanghai Enterprise Federation, Shanghai Entrepreneurs’ Association and Jiefang Daily.

(Note: Earntz Healthcare, Inc. filed  its F-1 on Feb. 15, 2023, and disclosed terms for its IPO – 2.5 million ordinary shares at $4.00 to $5.00 to raise $11.25 million. Earntz Healthcare submitted confidential IPO documents to the SEC on Sept. 20, 2021.)


Industry: Miscellaneous Fabricated Textile Products
Employees: 63
Founded: 2016
Contact Information
Address 88 Jiangong Road, Building #3 Fengjing, Jinshan District, Shanghai China 201502
Phone Number (86) 21 5735-8082
Web Address http://www.sh-earntz.com/
View Prospectus: Earntz Healthcare Products Inc.
Financial Information
Market Cap $90.0mil
Revenues $11.4 mil (last 12 months)
Net Income $-2.3 mil (last 12 months)
IPO Profile
Symbol ETZ
Exchange NASDAQ
Shares (millions): 2.5
Price range $4.00 - $5.00
Est. $ Volume $11.3 mil
Manager / Joint Managers Network 1 Financial Securities
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change