Group 1 - The core viewpoint of the article is that CITIC Securities has submitted a report for the initial public offering (IPO) and listing guidance for Beijing Xiahe Technology Co., Ltd. on November 21, 2023, with the current status being "guidance filing" [1] - Beijing Xiahe Technology was established on May 23, 2017, with a registered capital of 360 million RMB and is primarily focused on the research, production, and sales of OLED organic light-emitting materials [2][3] - The major shareholder of Xiahe Technology is SHAH-HERR CORPORATION, holding a 27.80% stake in the company [2] Group 2 - Xiahe Technology has completed 8 rounds of financing since 2018, with the highest disclosed amount reaching 300 million RMB, and in March 2023, Yida Capital announced an investment of several million RMB in the company [3] - The company’s subsidiary, Xiahe Jiangsu, has a production line with an annual capacity of 18.9 tons for OLED materials, which was put into operation in June 2023 with a total investment of 1.05 billion RMB [3] - A new R&D platform project for OLED materials is planned with an investment of 20 million RMB, aiming for an annual production capacity of 18 tons, which will focus on the research and production of doping materials, main materials, and transport materials [4]
北京OLED材料企业正式启动IPO辅导