Xingfu Electronics went public on the Science and Technology Innovation Board, with a sharp increase of 134% on the first day
On January 22, 2024, Hubei Xingfu Electronic Materials Co., Ltd. (stock abbreviation: Xingfu Electronics, stock code: 688545) was officially listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. On the first day of listing, Xingfu Electronics rose 185.53% at the opening, and the final closing price was 27.39 yuan/share, an increase of 134.50%. The daily trading volume reached 48.3296 million shares, with a turnover of 1.36 billion yuan and a turnover rate of 70.63%. The total market value of the company was as high as 9.86 billion yuan. This brilliant performance not only marks Xingfu Electronics entering a new stage in the capital market, but also demonstrates the high recognition of the market for this leading wet electronic chemical enterprise.
Technological breakthroughs, achieving industry leadership
As one of the earliest domestic enterprises engaged in the research and development of wet electronic chemicals, Xingfu Electronics has achieved comprehensive leadership in electronic grade phosphoric acid, sulfuric acid and other fields through continuous technological breakthroughs and innovation. The technical indicators of its core products have reached the highest level of international SEMI standards, successfully breaking down the technical barriers of foreign enterprises and achieving import substitution. This not only meets the demand for high-purity chemicals in the domestic integrated circuit and display panel industry chain, but also lays a solid foundation for the rise of domestic wet electronic chemicals in the global market.
The establishment of Xingfu Electronics can be traced back to 2008. The company is located in Xiaoting District, Yichang City, Hubei Province and is a subsidiary of the listed company Xingfa Group. Since its establishment, Xingfu Electronics has made technological innovation its core strategy, committed to the research and development, production, and sales of wet electronic chemicals. After more than ten years of technological accumulation and market development, the company has become an important participant in the field of wet electronic chemicals, with products covering general wet electronic chemicals (such as electronic grade phosphoric acid, electronic grade sulfuric acid) and functional wet electronic chemicals (such as etching solutions, cleaning agents, etc.).
Environmental innovation, leading green development
Along with technological innovation, Xingfu Electronics actively promotes product innovation and industrial upgrading. The company has successfully developed new products such as electronic grade hydrogen peroxide and achieved the recycling and reuse of wet electronic chemical waste through a closed-loop technology model. This green technology solution not only meets the strict environmental protection requirements of downstream customers, but also further consolidates Xingfu Electronics' market position.
Xingfu Electronics' environmental innovation is not only reflected in its products, but also runs through the entire production process. The closed-loop production process independently developed by the company recovers and reprocesses electronic grade phosphoric acid waste liquid into reusable products, significantly reducing resource waste. This innovative model not only increases the source of business revenue, but also enhances the company's sense of social responsibility, winning widespread praise in the market.
Market expansion, winning international competition
Driven by both technological innovation and environmental protection innovation, Xingfu Electronics' market competitiveness continues to improve. The company's customers include well-known integrated circuit and display panel manufacturers both domestically and internationally. With high-quality products and stable supply capabilities, Xingfu Electronics has established long-term cooperative relationships with customers. This not only brings stable orders and revenue sources to the company, but also lays a solid foundation for its expansion in the global market.
According to statistics, Xingfu Electronics has rapidly increased its domestic market share of electronic grade phosphoric acid from 39.25% to 69.69% between 2021 and 2023, maintaining its position as the market leader for three consecutive years. The market share of electronic grade sulfuric acid has steadily increased from 9.97% to 31.22%, demonstrating strong growth momentum. This significant improvement not only reflects Xingfu Electronics' leading position in technology, but also verifies the enormous potential of domestic brands in the field of wet electronic chemicals.
Future prospects, laying out the global industrial chain
The successful listing of Xingfu Electronics not only brings more financial support to the company, but also opens up new space for its future development. The company plans to establish an electronic chemical research and development center through fundraising projects to further enhance the adaptability of products in advanced processes. From process nodes of 28 nanometers to 5 nanometers or even lower, Xingfu Electronics will provide high-performance chemical solutions for global semiconductor manufacturing enterprises.
At the same time, the company is actively laying out new product lines such as electronic grade ammonia water and ammonia gas to seize higher value-added markets and expand the depth and breadth of its technological coverage. In the trend of the global semiconductor industry evolving towards advanced processes, Xingfu Electronics will rely on continuous technological innovation and market development to continuously enhance its international competitiveness and contribute more to the development of the global wet electronic chemical industry.