恒坤新材科创板IPO：国产半导体材料产业化的新里程碑？

Core Viewpoint - Hengkun New Materials Technology Co., Ltd. is progressing towards its IPO on the Sci-Tech Innovation Board, representing a significant moment for the domestic semiconductor materials industry and its potential for financing and growth [1][6]. Group 1: Company Overview - Hengkun New Materials specializes in semiconductor materials, focusing on independent research and collaborative innovation, and has established a comprehensive technical system for various key integrated circuit materials [3]. - The company has achieved mass production and application of several key products, narrowing the gap with international leaders in the field [1][3]. Group 2: Industry Context - The semiconductor materials market has long been dominated by international giants, making it challenging for domestic companies to gain a foothold [1]. - The increasing demand for domestic alternatives is becoming clearer, supported by a series of national policies aimed at fostering the development of domestic semiconductor materials [3][4]. - The capital market, particularly the Sci-Tech Innovation Board, provides essential financing channels and development opportunities for "hard technology" enterprises like Hengkun New Materials [3][4]. Group 3: Market Dynamics - The success of Hengkun New Materials' IPO is seen as a potential catalyst for the acceleration of domestic photolithography materials entering the market [4]. - The industry is witnessing a trend of gradual replacement of imported materials as domestic companies make significant breakthroughs in semiconductor materials [4][6]. - The stability and verification of products are critical for the success of semiconductor material companies, with market acceptance requiring long-term iterative processes [4].