Betely's GEM IPO registration submitted, mainly engaged in research and development, production, and sales of electronic materials and new chemical materials.

On May 13, Suzhou BestRe Polymer Materials Co., Ltd. (referred to as BestRe) applied for the change in the IPO review status from the Shenzhen Stock Exchange ChiNext board to "registration submitted." Guosen is its sponsoring institution, and it plans to raise 762.65 million yuan. According to the prospectus, BestRe is a new materials enterprise oriented towards customer demand and driven by innovative R&D. Its main business is the research, development, production, and sales of electronic materials and chemical new materials, with products covering three main sectors: conductive materials, organic silicon materials, and coating materials. The company's products are widely used in fields such as photovoltaics, 3C electronics, organic silicon deep processing, electronic packaging, medical, and new energy vehicles. With stricter environmental policies domestically and internationally, organic silicon materials have broad substitution potential due to their environmental safety characteristics. The company has achieved a significant breakthrough in replacing plastic materials in the 3C electronics peripheral products field and has introduced liquid flame-retardant adhesives with good flame-retardant and heat-resistant properties, tensile strength, and extrusion speed. At the same time, in the face of the transformation of the new energy industry, the company relies on existing technological accumulation to achieve cross-sector penetration of its products. In the photovoltaic field, leveraging its integrated powder research and development advantages, the company has entered the photovoltaic silver paste and HJT slurry markets. In the new energy vehicle sector, the company has entered the supply chain of companies like Ideal and BYD Company Limited with differentiated products such as magnesium-aluminum coatings and skin-feel UV coatings. The company has also extended its flame-retardant adhesive technology into the new energy battery busbar and wire and cable fields, forming a dual-growth pole of "photovoltaics + new energy vehicles." The company's customers have high visibility across various industries. In the photovoltaic field, the company's main customers include Shanghai Silver Paste, Wuxi Dk Electronic Materials Co., Ltd., and Huasheng New Energy, among other well-known photovoltaic industry enterprises. In the 3C electronics field, the company's products are widely used in products of well-known 3C electronic brands like Lenovo, Huawei, and Xiaomi. In the organic silicon deep processing field, the company's main customers include Hubei Huitian New Materials and Ecen Organic Silicon, among other well-known organic silicon companies. In the electronic packaging field, the company's main customers include MLS Co., Ltd., Shenzhen MTC Co. Ltd, and other well-known LED enterprises. In the medical sector, the company's main customers include Jiangsu Yuyue Medical Equipment & Supply, Aikang Bio, and other well-known medical enterprises. In the new energy vehicle field, the company's products have successfully entered the supply chain systems of well-known car companies like Ideal and BYD Company Limited. After the issuance of the funds raised in this offering, the investment will be used for the following projects: Financially, the company is expected to achieve operating income of approximately 2.273 billion yuan, 2.521 billion yuan, and 3.646 billion yuan in 2023, 2024, and 2025 respectively. During the same period, the company's net profit is expected to be approximately 85.6253 million yuan, 97.4999 million yuan, and 116 million yuan respectively.