江化微: 江阴江化微电子材料股份有限公司2025年度以简易程序向特定对象发行A股股票预案

Core Viewpoint The company Jiangyin Jianghua Microelectronics Materials Co., Ltd. plans to issue A-shares through a simplified procedure targeting specific investors, aiming to raise up to 300 million RMB to enhance its production capacity and support the semiconductor industry. Group 1: Issuance Details - The issuance has been authorized by the 2024 annual shareholders' meeting and approved by the relevant state-owned asset supervision authority, pending approval from the Shanghai Stock Exchange and registration by the China Securities Regulatory Commission [2][25]. - The issuance will target no more than 35 specific investors, including qualified institutional investors and natural persons, with all subscriptions made in cash [2][18]. - The total amount to be raised is capped at 300 million RMB, which will be allocated entirely to specific projects after deducting issuance costs [2][23]. Group 2: Fund Utilization - The raised funds will be used for a project to produce 37,000 tons of ultra-pure wet electronic chemicals annually, with a total investment of approximately 288.83 million RMB [26][27]. - The project aims to enhance the company's capacity in high-end semiconductor materials, aligning with the growing demand in the semiconductor industry [27][29]. - The company plans to replace self-raised funds with the raised capital once it is available, ensuring that any shortfall will be covered by the company's own resources [2][23]. Group 3: Industry Context - The wet electronic chemicals industry is crucial for the semiconductor sector, which is a strategic industry for national economic development and security [13][14]. - The domestic semiconductor market has seen significant growth, with sales increasing from 560.95 billion RMB in 2015 to 1,624.88 billion RMB in 2023, reflecting a compound annual growth rate of 14.22% [14]. - The company is positioned to capitalize on the trend of domestic production of high-end wet electronic chemicals, aiming to reduce reliance on foreign suppliers and enhance local supply chains [32][31].