创达新材北交所IPO过会，募投项目的必要性和合理性等被追问

Core Viewpoint - Wuxi Chuangda New Materials Co., Ltd. has successfully passed the IPO review on December 18, aiming to raise approximately 300 million yuan for its operations [1] Group 1: Company Overview - Chuangda New Materials specializes in the research, production, and sales of high-performance thermosetting composite materials [1] Group 2: IPO Details - The IPO was accepted on June 30, 2025, and entered the inquiry stage on July 24 of the same year [1] - The company plans to raise around 300 million yuan through this IPO [1] Group 3: Regulatory Scrutiny - The listing committee has requested Chuangda New Materials to clarify the reasons and rationality behind the increase in operating performance during the reporting period [1] - The company is also required to explain the reasonableness and accuracy of revenue recognition for its epoxy engineering service projects [1] - Additionally, the necessity and commercial rationale of the intermediary and trading model must be justified [1] Group 4: Fund Utilization - The listing committee has asked for explanations regarding the necessity and rationality of the construction project for a production line capable of producing 12,000 tons of key supporting materials for semiconductor packaging [1] - The need for an additional 63 million yuan in working capital must also be justified [1]