The first IPO application of the Year of the Horse has arrived.

On February 25th, according to the official website of the Shanghai Stock Exchange, Jiangsu Xinhua Semiconductor Technology Co., Ltd.'s application for IPO on the Science and Technology Innovation Board has been accepted, marking the first IPO case of the Year of the Horse. The prospectus shows that Xinhua Technology is mainly engaged in the research, development, production, and sales of electronic-grade polysilicon for the semiconductor industry, covering various application areas such as 12-inch wafers, 8-inch wafers, 4-6 inch wafers, and silicon components. The top ten customers include Xi'an Yicai, Shanghai Silicon Industry, TCL Zhonghuan, Liangang Micro, Ferrotec, Umicore Silicon, Zhongjing Technology, etc. According to statistics from the Semiconductor Materials Sub-Association of the China Electronics Materials Industry Association, by 2024, the company's market share in the domestic high-purity electronic-grade polysilicon market for integrated circuits will exceed 50%. In this IPO, Xinhua Technology plans to raise 1.32 billion yuan for multiple polysilicon projects, high-purity silicon material research and development base projects, and to supplement working capital.