Shield Source Core's Shenzhen Stock Exchange IPO "terminated (withdrawn)"
21/01/2025
GMT Eight
On January 21st, Ningxia Dunyuan Juxin Semiconductor Technology Co., Ltd. (referred to as Dunyuan Juxin) officially withdrew its application for listing on the main board of the Shenzhen Stock Exchange, resulting in the IPO review status being changed to "terminated (withdrawn)." According to the Shenzhen Stock Exchange Stock Issuance and Listing Review Rules (revised in 2024), the Shenzhen Stock Exchange made the decision to terminate the IPO review.
According to the prospectus, Dunyuan Juxin is mainly engaged in the research, development, production, and sales of silicon components and quartz crucibles. The company's main products include silicon component products, silicon component material products, and high-purity quartz crucible products.
The company's silicon component products are mainly targeted towards chip equipment manufacturers and chip manufacturing companies, including products such as silicon rings, silicon spray heads, silicon outer rings, silicon boats, silicon boat bases, silicon inner tubes, silicon spray tubes, etc. These products are widely used in etching equipment, thermal processing equipment (thermal oxidation, annealing, diffusion), and low-pressure chemical vapor deposition and other chip processing equipment.
In addition, the company's silicon component material products are mainly aimed at silicon component companies, and the company's silicon component materials are not only used for internal purposes but also sold externally. The main application scenario of quartz crucibles is in the production process of single crystal silicon (Czochralski method), with products mainly divided into semiconductor quartz crucibles and CECEP Solar Energy quartz crucibles, widely used in the production process of semiconductor and CECEP Solar Energy single crystal silicon rods.
During the reporting period, the company's important customers included Customer A, ATC, SKC Solmics, TEL, TSMC, Advanced Micro-Fabrication Equipment Inc. China, Crystalwise, Global Wafer, Japan Magnetic Control, among others, and the company has established good cooperation with top customers worldwide.
If the IPO had been successful, the net proceeds raised after deducting related issuance expenses were intended to be used for the following projects:
On the financial side, in 2021, 2022, 2023, and January-June 2024, Dunyuan Juxin achieved operating income of approximately 602 million yuan, 1.092 billion yuan, 1.316 billion yuan, and 757 million yuan respectively. During the same period, the company achieved net profits of 99.498 million yuan, 284 million yuan, 263 million yuan, and 71.956 million yuan respectively.