尚水智能创业板IPO过会，业绩增长的可持续性等被追问

Core Viewpoint - Shenzhen Shangshui Intelligent Co., Ltd. has successfully passed the IPO review for the ChiNext board, aiming to raise approximately 587 million yuan for its operations in advanced powder processing technologies [1] Company Overview - Shangshui Intelligent's IPO was accepted on June 19, 2025, and entered the inquiry phase on July 3 of the same year [1] - The company has developed a comprehensive technical capability system consisting of "core single machine + intelligent control system + process package" [1] - Main business activities focus on micro-nano powder processing, precise measurement of powder-liquid mixtures, powder-liquid mixing and dispersion, and functional film preparation [1] Industry Applications - The products of Shangshui Intelligent are applicable in various sectors, including new energy batteries, new materials, chemicals, food, pharmaceuticals, and semiconductors [1] Fundraising Details - The company plans to raise approximately 587 million yuan through this IPO [1] Market Considerations - During the listing committee meeting, the company was asked to address the downstream market demand for new energy battery slurry equipment, competitive landscape, market share trends, and the sustainability of performance growth [1]