Shoyuan New Materials' IPO on the ChiNext board "has been inquired about". The company's market share of photosensitive dry film ranks first among domestic enterprises and third globally.

On July 14th, Hunan Chuyuan New Materials Co., Ltd. (referred to as Chuyuan New Materials) applied for a change in the status of its listing review on the Shenzhen Stock Exchange's ChiNext board to "inquiry already made," with Huatai United Securities as its sponsor, intending to raise 1.21955 billion yuan. According to the prospectus, Chuyuan New Materials focuses on the research and industrialization of electronic information new materials, with its main business being the research, production, and sales of photosensitive dry film. The company's core team was the first to overcome the domestication technology bottleneck of photosensitive dry film and successfully achieve large-scale application, leading to the company's market share ranking first among domestic enterprises and third globally. According to FROST & SULLIVAN statistics, in terms of global revenue from photosensitive dry film by various manufacturers by 2024, the top three global photosensitive dry film enterprises are Changxing Materials, Lisenno Technology, and Chuyuan New Materials. With years of technical accumulation and market development, the company's global market share in 2024 increased to 13.2%, ranking third globally and first among domestic enterprises, topping the list in the "other specialty materials" sector of the Chinese electronic circuit industry for three consecutive years from 2022 to 2024. The company's main product, photosensitive dry film, is a type of electronic chemical material with varying cross-linking degrees under the exposure or radiation of ultraviolet light, used for etching corrosion resistance or electroplating. It is widely used as a process material in the manufacturing of various electronic information products, fulfilling the design requirements of various electronic information products and facilitating the transfer of circuit patterns. The company's photosensitive dry film products are mainly used in the production process of PCB circuit manufacturing, one of the key process materials for achieving precision manufacturing in the PCB industry. In recent years, the company has actively expanded the application of photosensitive dry film in the field of integrated circuit packaging. With years of development, the company has continuously achieved technological breakthroughs, leading to the widespread application of domestically produced photosensitive dry film and effectively promoting the localization of the photosensitive dry film supply chain. It is currently one of the most competitive domestically produced photosensitive dry film enterprises, dedicated to promoting the development of related industry ecological chains, enhancing the industry's autonomy and controllability, and driving industry upgrading. After deducting issuance expenses, the actual funds raised will be invested in the following projects according to their urgency: In terms of finances, in the 2022 fiscal year, 2023 fiscal year, and 2024 fiscal year, Chuyuan New Materials achieved operating income of approximately 910 million yuan, 890 million yuan, and 1.057 billion yuan respectively; during the same periods, the net profits were approximately 160 million yuan, 155 million yuan, and 169 million yuan respectively.