New stock news | Domestic wet process plating materials leader Chuangzhixin successfully listed on the Hong Kong Stock Exchange, with revenue doubling and profits nearly tripling in the past two years.

According to the disclosure of the Hong Kong Stock Exchange on April 28th, Shenzhen Smartchip Link Technology Co., Ltd. (referred to as Smartchip Link) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Haitong International and Jianyin International as its joint sponsors. The prospectus shows that Smartchip Link is a provider of solutions for metalized interconnect coating materials and process technologies in China, mainly engaged in the manufacture and sale of coating materials and providing coating services. For nearly 20 years, the company has been committed to the development of the supply chain for wafer-level and chip-level packaging and printed circuit board manufacturing in China. Smartchip Link has developed a complete matrix of chemical plating and electroplating materials, covering a wide range of applications in wafer-level packaging, chip-level packaging, and PCB manufacturing. The overall performance of the company's core coating materials has reached international advanced levels, with several key performance indicators surpassing global industry standards. Smartchip Link has established business relationships with over 90 PCB companies and over 180 semiconductor companies. According to revenue projections for 2024, nine of the top ten PCB manufacturers in China and four of the top five power device manufacturers use the company's ENIG/ENEPIG materials. The company has successfully entered the supply chains of leading global companies in high-end consumer electronics, electric vehicles, and other fields. According to a Frost & Sullivan report, based on revenue projections for 2024, Smartchip Link ranks sixth among all participants in the wet process plating materials market in China, with a market share of 2.7%. At the same time, based on revenue projections for 2024, the company is also the largest domestic manufacturer in the wet process plating materials market in China and the largest one-stop coating materials and service provider in China. In addition, in terms of related revenue for 2024, the company ranks third in the field of chemical nickel gold/chemical nickel palladium gold materials among all industry participants in China, fifth in the field of wafer-level TSV electroplated copper, third in the field of wafer-level cyanide-free electroplated gold, and third in the field of cyanide-free electroplated gold on glass substrates, with market shares of 11.8%, 3.3%, 0.3%, and 24.5%, respectively. In terms of related revenue, the company is also the largest among domestic players in these markets. Financially, the company achieved revenues of 311 million yuan, 410 million yuan, and 636 million yuan in 2023, 2024, and 2025, respectively, with revenues doubling over the two-year period. Profits for the year have shown even stronger performance, increasing from 19.42 million yuan to 73.21 million yuan over the same period, nearly tripling.