慧谷新材创业板IPO过会，现有产品的技术迭代风险及收入增长的可持续性被追问

Core Viewpoint - Guangzhou Huigu New Materials Technology Co., Ltd. has successfully passed the IPO review for the ChiNext board, aiming to raise approximately 900 million yuan [1] Company Overview - Huigu New Materials specializes in the research, production, and sales of functional resins and functional coating materials [1] - The company’s IPO was accepted on June 28, 2025, and entered the inquiry phase on July 19 of the same year [1] Financial Aspects - The company plans to raise around 900 million yuan through its IPO [1] Market and Competition - The listing committee has requested Huigu New Materials to address the competitive landscape of its downstream market segments, technological development trends, replacement cycles, and the intensity of its R&D investment [1] - The company is expected to explain the technological iteration risks of its existing products and the sustainability of its revenue growth [1]