中图科技冲刺科创板IPO：拟募资10.5亿元加码Mini/Micro LED等高端图形化衬底

Core Viewpoint - The Shanghai Stock Exchange has officially accepted the IPO application of Guangdong Zhongtu Semiconductor Technology Co., Ltd. (Zhongtu Technology), a leading global manufacturer of patterned substrates essential for Gallium Nitride (GaN) epitaxy [1][4]. Group 1: Company Overview - Zhongtu Technology specializes in the research, production, and sales of patterned substrates, which are critical materials for GaN LED chips [3]. - The company utilizes semiconductor processes such as photolithography and etching to design microstructures on substrate surfaces, effectively addressing lattice, optical, and thermal matching challenges in GaN heteroepitaxy, thereby enhancing LED chip performance and yield [3]. Group 2: Product and Market Position - The main products include 2 to 6-inch patterned sapphire substrates (PSS) and 4 to 6-inch patterned composite substrates (MMS), widely used in Mini/Micro LED, automotive lighting, RGB direct display, backlight display, and lighting applications [3]. - Zhongtu Technology is one of the few companies capable of manufacturing nano-level PSS and 8-inch patterned substrates, with successful mass production of small cycle and composite material structure products for new display and automotive applications [3][4]. - The company has a leading position in the patterned substrate industry, with an annual production capacity of over 18 million 4-inch substrates and a global market share of approximately 32.76% in 2023 [4]. Group 3: Clientele and Applications - Direct clients include major LED chip companies such as Epistar, Seoul Viosys, Sanan Optoelectronics, and HC Semitek, with products serving well-known consumer electronics and new energy vehicle brands like Apple, Samsung, LG, Hisense, TCL, BYD, Seres, NIO, and Li Auto [4]. - Zhongtu Technology has entered the supply chains of leading companies in the Mini/Micro LED sector, showcasing strong core competitiveness [4]. Group 4: IPO and Fundraising - The company aims to raise 1.05 billion yuan through the IPO to invest in projects related to the industrialization of Mini/Micro LED and automotive LED chip patterned substrates, as well as to establish a semiconductor substrate material engineering technology research center and supplement working capital [4][5]. - The fundraising projects will focus on expanding the production capacity of high-end patterned substrates and composite material substrates, while also developing a technology research platform for large-size semiconductor substrates and Micro LED [5].