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新广益IPO过会 研发费用率低于同行的原因及合理性被追问
Bei Jing Shang Bao·2025-09-19 19:54

Group 1 - The core viewpoint of the news is that Suzhou Xinguangyi Electronics Co., Ltd. has successfully passed the IPO review on the ChiNext board, aiming to raise approximately 638 million yuan for functional materials projects [1] - Xinguangyi focuses on the research, production, and sales of high-performance special functional materials, with main products including anti-overflow special films and strong resistance special films [1] - The company’s IPO was accepted on June 29, 2023, and entered the inquiry stage on July 25, 2023 [1] Group 2 - The listing committee requested Xinguangyi to explain the technical advantages of its main products and the sustainability of its operating performance, considering industry competition, core technology, downstream customer needs, and cost factors [1] - The committee also required an explanation of the background and contributions of core technical and R&D personnel, as well as the rationale behind the lower R&D expense ratio compared to industry peers [1] - Xinguangyi's R&D expense ratios for 2022-2024 are 4.9%, 5.35%, and 4.72%, which are significantly lower than those of peers like Fangbang Co. and Stik [2]