Core Viewpoint - Zhuzhou Keno New Materials Co., Ltd. is advancing its IPO process on the Sci-Tech Innovation Board, with expectations of significant profit growth in the first half of 2024 due to increased domestic and overseas sales, particularly in semiconductor materials [2][3]. Financial Performance - The company has shown stable revenue and profit levels over the years, with revenues of 571 million, 679 million, and 609 million yuan from 2021 to 2023, and net profits of 28.5 million, 50.9 million, and 42.9 million yuan respectively [4]. - In 2023, domestic sales revenue increased by 31.57%, partially offsetting declines in overseas sales of gallium products [4]. Market Position - Zhuzhou Keno holds leading market shares in high-purity indium (47%), high-purity gallium (22%), and refined indium (25%) in China [3]. - The company is a major supplier of high-purity gallium and indium materials globally, serving key semiconductor manufacturers [6]. IPO Fund Utilization - The total investment for the IPO fundraising is 618 million yuan, with 588 million yuan allocated for projects including a 500-ton semiconductor high-purity materials production project and an advanced materials R&D center [3][4]. Growth Strategy - The company plans to enhance production capacity and market share for high-purity metals, focusing on the semiconductor and renewable energy sectors [5]. - It aims to diversify its product offerings by developing new high-purity materials based on existing technologies and market demands [5]. Export Control Impact - The recent export control policies on gallium have led to increased prices and heightened demand for the company's gallium products, with prices rising from 1685 yuan/kg to 2585 yuan/kg, a 53.4% increase [7]. - The company has successfully obtained export licenses for gallium products from multiple countries, indicating a strong recovery in overseas orders post-policy implementation [7][8].