Group 1 - Fujian Del Technology Co., Ltd. has withdrawn its IPO application, which was initially aimed at raising 3 billion yuan but later adjusted to 1.945 billion yuan, marking a 35% reduction in fundraising size [1][9] - The company stated that the withdrawal is to "focus on existing core businesses," which is seen as a pragmatic choice in response to tightening IPO reviews [1][13] - The company has been on a two-year journey for its IPO, which began on June 30, 2023, and ended on August 22, 2025, when the application was terminated [1] Group 2 - The fluorochemical industry is recognized as a "golden industry" with significant downstream market potential, characterized by high technology content, high added value, and high growth [2] - As of the end of 2023, China's fluorochemical enterprises have reached over 1,000, with total production capacity exceeding 10 million tons and total output surpassing 7 million tons, generating over 500 billion yuan in total output value [2] - The government has emphasized the need to improve the fluorochemical industry chain and reduce import dependency in its "14th Five-Year Plan" [2] Group 3 - The company focuses on high-end fluorochemical products, including fluorinated electronic specialty gases and lithium battery materials, which are crucial for the semiconductor and new energy sectors [3] - The company aims to enhance its competitive edge by addressing national strategic needs and developing a series of import substitution products [3] - The company has established a strong position in the fluorinated electronic specialty gas sector, representing a significant achievement in domestic R&D and technology innovation [5] Group 4 - The company has received numerous accolades, including being recognized as a national high-tech enterprise and a "little giant" in specialized and innovative enterprises [4] - It has also been awarded various national honors for innovation and technology advancement, showcasing its commitment to research and development [4] Group 5 - As of March 31, 2025, the company had 305 domestic and 6 foreign authorized invention patents, and it has undertaken several national and provincial key research projects [5] - The company is the first in China to achieve large-scale production of electronic-grade trifluorochloromethane, filling a significant gap in the semiconductor materials sector [5] Group 6 - The company’s total share capital before the issuance was 1,038,783,619 shares, with the issuance planned to be between 115,420,403 and 183,314,756 shares [6] - The company has no controlling shareholder, with the largest shareholder holding 15.60% of the shares [6] Group 7 - The company reported revenues of 1.698 billion yuan, 1.418 billion yuan, and 1.687 billion yuan for the years 2022, 2023, and 2024, respectively [6] - The net profit attributable to the parent company for the same years was 184 million yuan, 35.7355 million yuan, and 86.18 million yuan [6] Group 8 - The company’s asset-liability ratio has increased from 4.79% in 2022 to 12.98% in 2024 for the parent company, indicating a rising leverage [7] - The company’s operating income and net profit have shown fluctuations, with a notable decline in net profit in 2022 compared to 2021 [7][23] Group 9 - The company’s main products include specialty gases, wet electronic chemicals, and lithium battery materials, with a significant portion of revenue coming from existing customers [20] - The company has seen a substantial increase in orders for specialty gases, particularly due to a framework agreement with a major client [21] Group 10 - The company’s net profit in 2022 decreased significantly due to rising costs and increased management expenses, with a notable drop in gross profit margin [25][30] - The decline in gross profit was primarily attributed to the falling prices of lithium hexafluorophosphate while raw material costs continued to rise [29][30]