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, marking an important milestone in the company's development history. 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' official entry into the capital market, but also heralds the rise of domestic wet electronic chemicals in the global market.
As a leading player in the field of wet electronic chemicals in China, the listing of Xingfu Electronics undoubtedly injects new vitality into the industry. Since its establishment, the company has always been committed to technological innovation and product research and development. Through continuous technological breakthroughs and innovations, it has successfully broken through the technical barriers of foreign enterprises and achieved comprehensive leadership in the fields of electronic grade phosphoric acid, sulfuric acid, etc. This achievement not only enhances the international competitiveness of domestic wet electronic chemicals, but also provides a stable supply of high-purity chemicals for the domestic integrated circuit and display panel industry chain.
The successful listing of Xingfu Electronics not only provides the company with more financing channels and broader development space, but also offers investors the opportunity to share the company's growth dividends. In the future, with the continuous support of the country for the integrated circuit industry and the rapid growth of the semiconductor material market, Xingfu Electronics is expected to achieve more stable and sustainable development with its leading position and technological advantages in the field of wet electronic chemicals.