CSRC approves the registration of Torrance Growth Enterprise Board IPO.

On May 8th, the China Securities Regulatory Commission released the approval of Torrance Precision Manufacturing (Jiangsu) Co., Ltd.'s initial public offering of stocks. It is reported that Torrance plans to list on the ChiNext board of the Shenzhen Stock Exchange, with CICC as its sponsor, aiming to raise 1.1616 billion yuan. According to the prospectus, Torrance is a leading domestic comprehensive service provider specializing in the research, development, production, and sales of precision metal components. The company is dedicated to providing high-performance key process components, process components, structural components, gas pipeline, and system assembly products for semiconductor equipment. Additionally, the company's technical capabilities also cover the field of laser equipment, providing laser cavities and cooling process components needed for high-power lasers. During the reporting period, the company's main products included key process components such as liners, gas distribution rings, cavities, gas distribution disks in the semiconductor field, as well as process components, structural components, and laser equipment components, as well as other products including system assembly products, gas pipelines, and surface treatment. In terms of customers, the company deeply serves domestic semiconductor equipment manufacturers, with multiple products entering the supply chains of customers such as NAURA Technology Group, Advanced Micro-Fabrication Equipment Inc. China, and being applied in core equipment such as etching equipment, film deposition equipment, polishing equipment, annealing equipment, covering logic chip process equipment, memory chip process equipment, and advanced packaging. In addition, the company has successfully integrated into the supply chain of international renowned laser equipment company Lumentum, demonstrating the international competitiveness of the company's technology.