Youbang Technology submits registration for IPO on the Growth Enterprise Market, mainly engaging in electronic assembly materials and supporting automation equipment.

On August 23, Dongguan Youbang Materials Technology Co., Ltd. (referred to as Youbang Technology) applied for a change in the IPO review status on the Shenzhen Stock Exchange's Growth Enterprise Market to "submitted for registration." Shenwan Hongyuan Group is its sponsor, and they plan to raise 805.21 million yuan. According to the prospectus, Youbang Technology is a company primarily engaged in the research, production, and sales of electronic assembly materials and supporting automation equipment. It has four major business segments: electronic adhesives, electronic soldering materials, wet chemicals, and automation equipment, providing customers with electronic assembly solutions for bonding, soldering, and surface treatment, with products widely used in intelligent terminals, communications, new energy, semiconductors, and other fields. As one of the leading companies in electronic assembly materials in China, the company has established a rich product matrix and stable partnerships with well-known industry players such as Foxconn, Delta Group, Pegatron Group, Qisda Corporation, Lite-On Technology Corporation, Mean Well Enterprises, D Company, Luxshare Precision Industry, and Eve Energy Co., Ltd. Its products ultimately serve renowned domestic and international terminal brand clients such as A Company, D Company, Sony, HP, Dell, Amazon, ZTE Corporation, and Xiaopeng Motors. During the reporting period, the company primarily engaged in the research, production, and sales of electronic assembly materials (mainly electronic adhesives, electronic soldering materials, and wet chemicals) and supporting automation equipment (mainly automated dispensing machines), generating revenue and profit mainly through sales of products to downstream customers. The companys products are primarily formulated products, made from a variety of raw materials, including metals such as tin and silver, as well as non-metallic materials such as resins, fillers, and chemical raw materials. The company mainly adopts a "manufacturing according to orders" model supplemented by "strategic stocking" for procurement of production materials, guided by market and customer demand, and employs a "sales-driven production, maintaining reasonable inventory" production model. In terms of sales model, the company mainly adopts direct sales supplemented by distribution. Under the direct sales model, the company focuses on developing and servicing well-known customers in downstream application fields, establishing direct cooperative relationships with clients to carry out sales, while also having instances of utilizing agents to assist in customer acquisition or service provision; the distribution model used by the company mainly involves exclusive distribution, where the company sells products to distributors, who then sell independently based on market conditions and bear full profit and loss. In the fields of electronic adhesives and electronic soldering materials, the company has attained an industry-leading position. According to a certification issued by the China Adhesives and Adhesive Tape Industry Association, the companys electronic adhesive products are projected to capture approximately 3% of the domestic market share by 2025, ranking among the top ten in the industry; based on statistics from the Tin Solder Material Subcommittee of the China Electronic Materials Industry Association, the companys tin paste products are expected to have a domestic market share of about 5.83% by 2025, ranking among the top five domestic companies. In terms of finances, the company's operating revenue for the years 2023, 2024, and 2025 is expected to be 899 million yuan, 1.025 billion yuan, and 1.136 billion yuan, respectively; net profits are expected to be 89.94 million yuan, 93.62 million yuan, and 108 million yuan, respectively.