Core Viewpoint - The first batch of three new stocks in the Sci-Tech Innovation Growth Sector was listed today, with significant price increases on their debut, indicating strong market interest and potential for growth in the semiconductor industry [2]. Group 1: Stock Performance - N禾元-U surged by 213.49%, N奕材-U increased by 198.72%, and N必贝特-U rose by 74.41% on their first trading day [2]. - N奕材-U's latest A-share market capitalization exceeds 100 billion yuan, ranking second in the Sci-Tech Innovation Growth Sector, only behind 寒武纪-U [2][3]. Group 2: Company Overview - 西安奕材 focuses on the research, production, and sales of 12-inch silicon wafers, ranking first in mainland China and sixth globally in terms of monthly shipment volume and production capacity [4]. - The company aims to exceed a 10% global market share by 2026, positioning itself among the leading manufacturers of 12-inch silicon wafers [4]. Group 3: Technological Advancements - The company has established a core technology system across five key processes: crystal pulling, shaping, polishing, cleaning, and epitaxy, achieving competitive levels with the top five global manufacturers [5]. - Products are already in mass production for advanced NAND Flash memory chips and DRAM chips, with ongoing development for next-generation high-end storage chips suitable for AI applications [5]. Group 4: Financial Performance - The company's revenue grew from 1.055 billion yuan in 2022 to 2.121 billion yuan in 2024, reflecting a compound annual growth rate of 41.83% [6]. - The company has maintained positive net cash flow from operating activities since 2022, indicating strong financial health [6].