年内首家！恒坤新材科创板IPO遭暂缓审议

Core Viewpoint - Xiamen Hengkang New Materials Technology Co., Ltd. (referred to as "Hengkang New Materials") faced a delay in its IPO review by the Shanghai Stock Exchange, marking it as the first IPO project this year to be postponed in the Shanghai and Shenzhen stock markets [1] Company Overview - Hengkang New Materials focuses on the research and industrial application of key materials in the integrated circuit field, being one of the few domestic companies capable of developing and mass-producing key materials for 12-inch integrated circuit wafer manufacturing [1] - The company primarily engages in the research, production, and sales of photolithography materials and precursor materials [1] Financial Information - The company aims to raise 1.007 billion yuan through its IPO, with plans to invest in the second phase of the integrated circuit precursor project and advanced materials for integrated circuits [1] - Projected revenues for Hengkang New Materials from 2022 to 2024 are approximately 322 million yuan, 368 million yuan, and 548 million yuan, respectively, with corresponding net profits of about 101 million yuan, 89.84 million yuan, and 96.92 million yuan [1] Regulatory Requirements - The listing committee requested Hengkang New Materials to clarify potential intellectual property disputes related to the initial technology sources, R&D methods, core personnel, R&D investments, and corresponding patent technologies for its main products [2] - The company was also asked to justify the use of net method revenue recognition for introduced businesses in accordance with accounting standards, and to explain the rationale behind the higher yield of long-term deposits compared to bank loan rates [2]