Core Viewpoint - Wuxi Zhuohai Technology Co., Ltd. is under scrutiny for its IPO application, addressing 30 questions related to its operational sustainability, compliance, performance decline risks, fundraising rationale, and project feasibility, following a significant increase in its fundraising target due to a "change of track" strategy [2] Group 1: Company Overview - Zhuohai Technology was established in 2009 and specializes in providing front-end measurement equipment for the semiconductor manufacturing industry, focusing on large-scale, multi-category equipment and comprehensive technical support services [6] - The company previously attempted an IPO on the ChiNext board in June 2022, aiming to raise 547 million yuan, but faced challenges related to industry alignment and operational sustainability [6] Group 2: IPO Details - The current IPO aims to raise 700 million yuan, representing a 27.97% increase from the previous attempt, with funds allocated for semiconductor front-end measurement equipment industrialization, R&D center construction, and working capital [6] - Zhuohai Technology's revenue for 2022, 2023, and projected 2024 is 314 million yuan, 381 million yuan, and 465 million yuan respectively, while net profits for the same years are 119 million yuan, 132 million yuan, and 104 million yuan, indicating a 21.60% year-on-year decline in net profit for 2024 [6] Group 3: Financial Performance - In the first half of 2025, Zhuohai Technology reported a significant year-on-year increase in revenue and net profit of 81.19% and 113.89% respectively, although the net profit margin decreased by 9.58 percentage points to 12.72%, marking a continuous decline over four years [6]