Core Viewpoint - Wuhu Yingri Technology Co., Ltd. is seeking to go public on the Beijing Stock Exchange after previous attempts to list on the ChiNext board and a failed acquisition, indicating a renewed effort to access capital markets [2][3] Group 1: Company Overview - Founded in 2015, the company specializes in the research and industrialization of large-sized ITO rotary target technology, breaking the long-standing foreign monopoly in this field [2] - The company has become a major supplier of sputtering target products in China, with clients including leading domestic flat panel display companies such as Huike Group, China Star Optoelectronics, and BOE [2] Group 2: Capitalization Journey - The company initiated its IPO process in June 2021 with guidance from Anxin Securities, formally applying for the ChiNext board in April 2022, but withdrew the application in February 2023 due to significant market changes [2] - In April 2025, Chenghe Technology announced plans to acquire at least 51% of Yingri Technology at a valuation of 1.8 billion yuan, but the deal ultimately did not materialize [2] Group 3: Future Prospects - The company successfully listed on the New Third Board on August 28, 2025, paving the way for its future listing on the Beijing Stock Exchange [3] - The choice of the Beijing Stock Exchange aligns with the company's business scale and innovative nature, as well as the exchange's focus on specialized and innovative small and medium-sized enterprises [3] - The actual controller, Zhang Bing, holds 30.09% of the shares directly and controls an additional 3.77% indirectly, totaling 33.86% of the voting rights [3] - The upcoming listing is seen as a strategic move to broaden financing channels, enhance brand influence, and improve governance, potentially solidifying the company's leading position in the domestic target material sector [3]