Core Viewpoint - Shanghai Xinyi Technology Co., Ltd. has received acceptance for its IPO application on the Sci-Tech Innovation Board, focusing on the development and application of semiconductor-grade perfluoroether rubber sealing components [3] Company Overview - Xinyi Technology is a domestic enterprise specializing in semiconductor-grade perfluoroether rubber sealing components, having achieved independent development and stable mass production of these materials [3] - The company is led by its largest shareholder, Xie Changjie, who directly holds 20.26% of the shares and controls a total of 46.98% of the voting rights [4][5] Financial Performance - Projected revenues for Xinyi Technology from 2022 to 2024 are 41.59 million, 131 million, and 208 million respectively, with net profits of 1.73 million, 36.39 million, and 68.94 million [3] - For the fiscal year 2024, total assets are expected to reach 47.55 billion, with a net profit of 6.89 million and a debt-to-asset ratio of 12.18% [4] - The company has maintained a research and development expenditure ratio of approximately 10.76% of its operating income [4]