Hengkun New Materials' application for an IPO on the Shanghai Stock Exchange has been temporarily suspended for review. The company's clients include multiple 12-inch integrated circuit wafer factories in China.

According to the Securities Times APP, the announcement of the results of the 26th review meeting of the Shanghai Stock Exchange Listing Review Committee in 2025 on July 25 showed that Xiamen Hengkun New Materials Technology Co., Ltd. (initial public offering) was postponed for review.