On January 22, 2024, Hubei Xingfu Electronic Materials Co., Ltd. was successfully listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, marking a new development opportunity for the domestic wet electronic chemical industry. 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 demonstrates the high recognition of Xingfu Electronics by the market, but also indicates the rise of domestic wet electronic chemicals in the global market.
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 the fields of electronic grade phosphoric acid, sulfuric acid, and others. At the same time, the company also focuses on the efficiency and environmental friendliness of production processes. The independently developed closed-loop production process not only improves production efficiency, but also achieves resource recycling and environmental protection.
With the continuous support of the country for the integrated circuit industry and the rapid growth of the domestic semiconductor material market, the domestic wet electronic chemical industry has ushered in unprecedented development opportunities. As a leading enterprise in the industry, Xingfu Electronics will leverage the power of the capital market to further accelerate technological innovation and market development, and continuously enhance its international competitiveness. At the same time, the company will actively fulfill its social responsibility, promote the sustainable development of the industry, and contribute more to the development of the global wet electronic chemical industry.