Core Viewpoint - The company, Suzhou Beteli High Polymer Materials Co., Ltd., has officially submitted its IPO application to the Shenzhen Stock Exchange, aiming to raise funds for strategic projects and enhance its market position in the electronic materials and chemical new materials sectors [1][4]. Group 1: Company Overview - Beteli is a customer-oriented new materials enterprise focused on innovative research and development, specializing in electronic materials and chemical new materials [1]. - The company's product range includes conductive materials, silicone materials, and coating materials, with applications in photovoltaic, 3C electronics, silicone deep processing, electronic packaging, medical, and new energy vehicle sectors [1]. - Major clients in the 3C electronics sector include Lenovo, Huawei, and Xiaomi, while in the electronic packaging sector, key customers include Mulinsen and Zhaochi [1]. Group 2: Financial Performance - For the years 2022 to 2024, Beteli's projected revenues are approximately 635 million yuan, 2.273 billion yuan, and 2.521 billion yuan, with corresponding net profits of about 16.53 million yuan, 85.63 million yuan, and 97.50 million yuan [1]. - In 2023, the company's net profit attributable to shareholders increased significantly by 71.22 million yuan, a growth rate of 547.13%, primarily driven by a gross profit increase of 104.62 million yuan [2]. - The revenue growth in 2023 was led by the conductive materials segment, which saw a revenue surge of 1.536 billion yuan, while silicone materials grew by 88.92 million yuan [2]. Group 3: IPO and Fund Utilization - Beteli plans to raise 792 million yuan through its IPO to invest in projects including the annual production of 500 tons of special conductive materials, expansion of its Dongguan facility, and the establishment of a research and marketing center in Wuxi [3][4]. - The investment projects are closely aligned with the company's core business and aim to enhance technological advantages and industry upgrades, focusing on innovation in electronic materials and chemical new materials [4]. - The special conductive materials project aims to expand into low-temperature photovoltaic slurry production, while the Dongguan expansion will focus on high-end silicone product development [4].