Group 1 - The company is actively expanding its electronic resin production capacity through fundraising projects, with a designed capacity of 152,000 tons set to commence production in July 2024 [2] - The company is currently in the capacity ramp-up phase, which will support further market share growth [2] - The company has made breakthroughs in key core technologies for electronic resins suitable for high-frequency and high-speed copper-clad laminates, including benzoxazine resin, maleimide resin, functionalized polyphenylene ether resin, and advanced hydrocarbon resin [2] Group 2 - The related products are currently in small batch or pilot testing stages, and their commercialization will address the domestic shortfall in high-end applications of electronic resins [2] - The successful commercialization of these products is expected to enhance customer recognition and market share [2]

Core Viewpoint - The company is focused on key technological breakthroughs in the electronic resin field, particularly for high-frequency and high-speed copper-clad laminates [1] Group 1: Technological Advancements - The company has made breakthroughs in several key core technologies, including benzoxazine resin, maleimide resin, functionalized polyphenylene ether resin, and advanced hydrocarbon resin [1] - Current products related to these breakthroughs are in small batch or pilot testing stages [1]

Core Viewpoint - The IPO process of Tongyu New Materials (Guangdong) Co., Ltd. is accelerating, with plans to issue 10 million shares at a price of 84.00 yuan per share, focusing on expanding production capacity for electronic resins [1][2] Group 1: Company Overview - Tongyu New Materials is a domestic supplier of mid-to-high-end electronic resins, aiming to address the "bottleneck" issues in China's electronic information industry by providing key material support [1] - The company has established a solid competitive advantage through years of independent research and development, mastering a series of core technologies and production processes [2] Group 2: Product and Technology - The company has broken the monopoly of international leading enterprises in the field of lead-free and halogen-free electronic resins, particularly with its self-optimized DOPO modified epoxy resin, which significantly enhances the performance of copper-clad laminates [2] - Key technological breakthroughs in high-frequency and high-speed copper-clad laminate applicable electronic resins, such as benzoxazine resin and maleimide resin, are expected to fill domestic gaps in related applications [2] Group 3: Market Context and Future Prospects - The expansion plan of Tongyu New Materials is expected to accelerate the shift from long-term reliance on imports of high-end electronic resins, especially in the context of the "East Data West Computing" project and the rapid development of 6G technology [2] - As a high-tech enterprise and a national-level specialized and innovative "little giant," the company is poised to showcase China's determination and progress in the high-end electronic resin sector upon its market debut [2]