Hengkun New Materials' Science and Technology Innovation Board IPO has been "inquired". It focuses on key materials in the integrated circuit field.

On January 18, Xiamen Hengkun New Materials Technology Co., Ltd. (referred to as Hengkun New Materials) applied for a change in the status of the Shanghai Stock Exchange Science and Technology Innovation Board listing review to "inquiry received". China Securities Co., Ltd. serves as the sponsor, with plans to raise 1.2 billion yuan. According to the prospectus, Hengkun New Materials is committed to the research and industrial application of key materials in the field of integrated circuits, and is one of the few innovative enterprises in China with the research and mass production capabilities for key materials in 12-inch integrated circuit wafer manufacturing. The company mainly engages in the research, production, and sales of photolithography materials and precursor materials such as SOC, BARC, KrF photoresist, i-Line photoresist, and TEOS, which are mainly used in the photolithography and film deposition processes for the production of advanced NAND, DRAM memory chips, and logic chips with a technology node of 90nm or below. Additionally, against the backdrop of increasing domestic demand for the replacement of the integrated circuit industry, and in order to quickly acquire customer resources, as well as accumulate product introduction and quality control experience, the company has introduced overseas products, focusing on the introduction and sale of photolithography materials, precursor materials, electronic special gases, and other wet electronic chemicals, thereby innovatively following a development path of "introduction, digestion, absorption, and re-innovation". During the reporting period, the company's customers included several leading wafer factories in China, achieving the substitution of foreign products and breaking the foreign monopoly on key materials in 12-inch integrated circuits. The raised funds, after deducting issuance expenses, will be invested in projects based on their urgency and importance. Financially, in the years 2021, 2022, 2023, and the first 6 months of 2024, Hengkun New Materials is expected to achieve operating income of approximately 141 million, 322 million, 368 million, and 238 million yuan respectively; while net profits are projected to be 26.56 million, 99.72 million, 89.76 million, and 44.09 million yuan.