Group 1 - The China Securities Regulatory Commission (CSRC) has requested Chuangzhi Xinian to provide supplementary explanations regarding its previous A-share listing guidance filing and the reasons for its withdrawal, as well as its plans for continuing the A-share listing process [1] - CSRC also requires Chuangzhi Xinian to clarify the qualifications of its road cargo transportation business and the compliance of its technology export activities over the past three years [1] - The company is involved in the production of metallization interconnection plating materials and key process technologies, focusing on wafer-level and chip-level packaging, as well as PCB manufacturing [2] Group 2 - Chuangzhi Xinian is recognized as the largest domestic supplier of wet process plating materials in the Chinese market, according to Frost & Sullivan, based on 2024 revenue [2] - The company has developed a complete product matrix for chemical plating and electroplating materials, covering applications in wafer-level packaging, chip-level packaging, and PCB manufacturing [2] - The CSRC has also requested clarification on the reasonableness of the share price for new shareholders in the past 12 months and whether there are any issues related to interests transfer [1][2]

Core Viewpoint - Shenzhen Chuangzhi Xinian Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Haitong International, Jianyin International, and China Merchants Securities International as joint sponsors [1]. Company Overview - Chuangzhi Xinian is a leading provider of metallization interconnection plating materials and key process technology solutions in China, focusing on wafer-level and chip-level packaging, as well as PCB manufacturing for nearly two decades [1]. - The company is the largest domestic provider of wet process plating materials in China, and also the largest one-stop plating solution provider in the market, according to Frost & Sullivan [1]. Financial Performance - The company has experienced significant fluctuations in financial performance over the past three years, with a revenue of 410 million RMB and a net profit attributable to shareholders of 54.448 million RMB in 2024 [4][5]. - In 2023, the company saw a year-on-year decline in both revenue and net profit, but a notable recovery in 2024 [4]. - The gross profit margin has shown an upward trend, increasing from 32% in 2022 to 43% in 2024 [5]. Revenue Breakdown - Over 80% of the company's revenue in 2024 came from plating materials, with 61.9% of that revenue derived from the PCB industry [3]. - The revenue from semiconductor industry plating materials, chemical plating, and electroplating services has been on the rise in recent years [3]. Revenue and Profit Data - Revenue and profit data for the last three years are as follows: - 2022: Revenue of 319.607 million RMB, net profit of 27.328 million RMB - 2023: Revenue of 311.651 million RMB, net profit of 19.421 million RMB - 2024: Revenue of 409.924 million RMB, net profit of 54.448 million RMB [5]. Future Plans - The funds raised from the listing will be used to build and upgrade new production lines for plating materials and services, as well as for R&D, technological innovation, product upgrades, and potential strategic expansion opportunities [6].