Guangli Technology's GEM IPO has been inquired about, mainly specializing in high-purity process media systems and high-end wet process equipment.

On July 15th, Suzhou Crown Ceremony Technology Co., Ltd. (referred to as Crown Ceremony Technology) applied for the Shenzhen Stock Exchange ChiNext Board listing review status to be changed to "inquiry received", with Soochow as its sponsoring institution, planning to raise 1.5 billion yuan. According to the prospectus, Crown Ceremony Technology focuses on the research and development, design, production, and sales of high-purity process media systems and advanced wet process equipment, serving the semiconductor industry, display panels, and electronic chemicals, providing a one-stop integrated solution for the entire process management demand of the liquid chemical industry chain from system design, production, on-site installation and commissioning, acceptance and delivery to later operation and maintenance. The company's main products include high-purity process media systems and advanced wet process equipment. The high-purity process media system supports the purification, packaging, blending, storage, transportation, and recycling of various liquid chemicals. By real-time monitoring and precise adjustment of key process parameters, it reduces the risk of micro-pollution, ensures the cleanliness, stability, and safety of liquid chemicals in the production process, and achieves continuous and reliable supply. The advanced wet process equipment can be used in key processes such as cleaning, developing, etching, and stripping in the manufacture of semiconductors, which is an indispensable equipment in the wafer manufacturing process. Its cleanliness control ability and process stability directly affect product yield and process consistency. The high-purity process media system is the company's core source of income, accounting for over 90% of the main business revenue and occupying a leading position. During the reporting period, the company's main business revenue composition was as follows: With a deep understanding of the core needs of downstream customers, the company has accumulated rich customer resources, covering many top domestic and foreign companies in key downstream industries, including Semiconductor Manufacturing International Corporation, Huahong Semiconductor, Hefei Crystal Combination, Yangtze Memory, Changxin Memory, and other well-known domestic leading enterprises, as well as international clients with global influence such as Sumitomo Chemical. The prospectus warns of the risk of inter-industry competition from the controlling shareholder. The company's direct controlling shareholder, Taiwan Pengyi, is engaged in the sales and integration engineering services of high-tech industrial process chemicals, which is similar to the company's main business. In terms of shareholding, Taiwan Pengyi holds 86.59% of the company's equity before the issuance. Financially, in the fiscal years 2023, 2024, and 2025, the company's operating income is expected to be approximately 843 million yuan, 1.282 billion yuan, and 1.33 billion yuan respectively; during the same period, the net profit is expected to be approximately 90.114 million yuan, 200 million yuan, and 208 million yuan respectively.