Core Insights - The global market for non-contact AFM probes is projected to reach $0.67 billion by 2031, with a compound annual growth rate (CAGR) of 3.59% in the coming years [3]. Market Overview - Major manufacturers of non-contact AFM probes include NanoWorld Holding, Bruker, and Team Nanotec, which collectively hold approximately 79.85% of the market share [6]. - Silicon non-contact AFM probes are the dominant product type, accounting for about 71.56% of the market [8]. - The primary demand source for non-contact AFM probes is the life sciences and bioimaging sector, which represents around 30.12% of the market [10]. Market Drivers - Government policies and increased R&D investments are driving demand, as high-end scientific instruments like AFM are prioritized for funding [13]. - Expansion in downstream applications, particularly in the semiconductor and biopharmaceutical industries, is shortening probe replacement cycles and increasing demand [14]. - Technological innovations and industry upgrades, including the integration of micro-nano processing with AI and big data, are enhancing probe performance [15]. Market Challenges - Core technology and patent barriers exist, with foreign companies holding most foundational structure patents, leading to performance gaps in domestic products [16]. - Upstream supply and cost pressures are influenced by price fluctuations of key raw materials, affecting production costs [17]. - System performance instability due to environmental interference and limitations in probe dynamics and control systems can impact stability and precision [18]. Industry Opportunities - High-end application expansion in semiconductor processes and biomedicine is increasing the demand for specialized high-performance probes [19]. - Policy-driven domestic substitution initiatives are supporting local manufacturers in achieving import replacement in government procurement and research sectors [20]. - Breakthroughs in technology, including new materials and smart data analysis, are helping to overcome existing bottlenecks [21].

Core Viewpoint - Jiangsu Hanbang Technology has initiated its IPO, leveraging policy support and market demand, with a focus on core technology and high R&D investment to expand production capacity and R&D centers, promoting domestic substitution and innovation in chromatography separation and purification equipment [1][3]. Group 1: Company Overview - Jiangsu Hanbang Technology Co., Ltd. specializes in the R&D, production, and sales of chromatography technology, widely applied in pharmaceuticals and life sciences [4]. - The company is one of the earliest in China to master complete proprietary liquid chromatography system technology, covering all stages from laboratory to industrial production and various drug categories [4]. - Hanbang Technology ranks second in the production-grade liquid chromatography separation equipment market in China, with a market share of approximately 12.7% [4]. Group 2: Market Dynamics - The Chinese liquid chromatography equipment market exceeded 2.7 billion yuan in 2023, with Hanbang holding significant market shares of 39.2% in small molecule liquid chromatography systems and 8.8% in macromolecule chromatography systems [4]. - The chromatography equipment market has surpassed 10 billion yuan, driven by increasing global demand, domestic market expansion, and supportive national policies [4]. Group 3: R&D and Innovation - Hanbang Technology has invested significantly in R&D, with expenditures rising from 2,204,120 yuan in 2021 to 4,184,600 yuan in 2024, reflecting a strong commitment to technological innovation [5]. - The company has obtained 53 invention patents, including 40 domestic and 13 overseas patents, showcasing its strong R&D capabilities [5]. Group 4: IPO Fund Utilization - The funds raised from the IPO will be primarily allocated to expand production capacity and enhance R&D center construction [5][6]. - Specific projects include the production of 1,000 units of liquid chromatography series separation equipment and the establishment of a chromatography separation equipment R&D center [6][7]. - These initiatives aim to solidify Hanbang's leadership position in the industry and promote high-quality development [8].