Group 1 - The China Securities Regulatory Commission has approved Xiamen Hengkang New Materials Technology Co., Ltd. for its initial public offering on the Sci-Tech Innovation Board, with a fundraising target of 1.007 billion yuan [1] - Hengkang New Materials focuses on the research and industrial application of key materials in the integrated circuit field, being one of the few domestic companies capable of developing and mass-producing 12-inch integrated circuit wafer manufacturing materials [4] - The company's main products include photolithography materials and precursor materials, with significant sales revenue of 344.1893 million yuan in 2024, establishing itself as a major supplier of integrated circuit photolithography and precursor materials in China [4]