On January 22, 2024, Hubei Xingfu Electronic Materials Co., Ltd. (stock abbreviation: Xingfu Electronics, stock code: 688545) officially listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, marking an important milestone in the company's development history. On the first day of listing, Xingfu Electronics performed outstandingly, with a sharp increase of 185.53% at the opening and a final closing price of 27.39 yuan/share, an increase of 134.50%. This brilliant achievement not only demonstrates the high recognition of Xingfu Electronics by the market, but also indicates the emergence of domestic wet electronic chemicals in the global market.
As a leading enterprise in domestic wet electronic chemicals, Xingfu Electronics has been committed to technological innovation and product research and development since its establishment. Through continuous technological breakthroughs, the company has successfully broken through the technical barriers of foreign enterprises in the field of wet electronic chemicals, achieving comprehensive leadership in key products such as electronic grade phosphoric acid and sulfuric acid. This successful listing marks Xingfu Electronics' official entry into the capital market, injecting new vitality into the company's future development.
In terms of technological innovation, Xingfu Electronics always puts research and development first, continuously invests resources, introduces high-end talents, promotes the improvement of product performance and production processes. The closed-loop production process independently developed by the company not only improves production efficiency, but also realizes the recycling of resources, meeting the environmental protection needs of downstream customers. This green technology solution not only consolidates Xingfu Electronics' leading position in the market, but also sets an example for the sustainable development of the wet electronic chemical industry.
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 a leading player in the domestic wet electronic chemical industry, Xingfu Electronics will leverage the power of the capital market to further accelerate technological innovation and market development, continuously enhance its international competitiveness, and contribute more to the development of the global wet electronic chemical industry.