On January 22, 2024, Hubei Xingfu Electronic Materials Co., Ltd. (stock abbreviation: Xingfu Electronics, stock code: 688545) was successfully listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. On its first day of listing, Xingfu Electronics demonstrated strong market performance, with a significant increase of 185.53% at the opening and a final closing price of 27.39 yuan per share, an increase of 134.50%. This brilliant achievement not only marks Xingfu Electronics entering a new stage in the capital market, but also demonstrates the rising trend of domestic wet electronic chemicals in the global market.
Technological innovation, breaking international monopolies
As one of the earliest domestic enterprises engaged in the research and development of wet electronic chemicals, Xingfu Electronics has always regarded technological innovation as its core strategy. Through continuous technological breakthroughs and innovation, the company has successfully broken through the technological barriers of foreign enterprises and achieved comprehensive leadership in electronic grade phosphoric acid, sulfuric acid and other fields. The technical specifications of its core products have reached the highest level of international SEMI standards, successfully replacing imported products and meeting the demand for high-purity chemicals in the domestic integrated circuit and display panel industry chain.
The technological advantages of Xingfu Electronics are not only reflected in product performance, but also in the efficiency and environmental friendliness of production processes. The closed-loop production process independently developed by the company recovers and reprocesses electronic grade phosphoric acid waste liquid into reusable products. This green technology solution not only meets the environmental protection needs of downstream customers, but also further consolidates the company's market position. Through this innovative model, Xingfu Electronics has successfully achieved a complete closed-loop product ecosystem, increased business revenue sources, and enhanced market competitiveness.
The process of localization is accelerating, and the market share is significantly increasing
Driven by technological innovation, Xingfu Electronics' market share has significantly increased. 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.
The successful launch of Xingfu Electronics has injected new impetus into the localization process of domestic wet electronic chemicals. With the continuous support of the country for the integrated circuit industry, the domestic semiconductor material market has entered a period of rapid growth. As one of the key links, the localization process of wet electronic chemicals is also accelerating. As a leading enterprise in the field of wet electronic chemicals in China, Xingfu Electronics will continuously enhance its international competitiveness through continuous technological innovation and market development, and contribute more to the development of the global wet electronic chemical industry