Core Viewpoint - Shanghai Tongchuang Purun New Materials Co., Ltd. focuses on the research and production of high-purity metal materials required for integrated circuit manufacturing, becoming a key supplier for leading global chip manufacturers and supporting the production of AI chips and high-end electronic products [1][2]. Company Overview - Established on January 7, 2021, with a registered capital of 287.35 million yuan, the company is led by controlling shareholder Yao Shun, who holds 17.61% of the shares [1]. - The company specializes in high-purity materials such as 6N aluminum, 6N tantalum, 7N copper, and 5N manganese, which are essential for advanced chip manufacturing processes [1][2]. Production and Technology - In 2023, the company achieved large-scale production of ultra-high-purity manganese, becoming the second company globally capable of mass production of this material [2]. - The core materials required for 3nm advanced process chips include ultra-high-purity aluminum, copper, tantalum, manganese, and alloys, with purity levels reaching 5N or even 7N [2]. - The sputtering target materials produced by the company are used to form nano-level circuit interconnections in chip manufacturing [2]. Market Position and Strategy - The sputtering target material industry has historically been dominated by foreign companies, but the company is actively developing next-generation material technologies to meet the challenges of advanced processes driven by AI and high-performance computing [2]. - The company has established seven industrial bases globally and has over 700 employees, with more than 200 patents accumulated [2]. Financing and Investment - Since its establishment, the company has completed five rounds of equity financing, with the latest being a Pre-IPO round in September 2025, raising nearly 200 million yuan [2][3]. - In August 2025, the company completed an A+ round financing exceeding 1 billion yuan, with participation from various investment institutions [3][4]. Strategic Partnerships - The company has formed a deep strategic collaboration with Jiangfeng Electronics, serving as a core supplier of high-purity metal materials and supporting supply chain security and production continuity [5]. - Joint technical efforts are underway to develop and mass-produce ultra-high-purity aluminum, copper, and manganese sputtering targets, which have been certified and integrated into the supply chains of international mainstream chip manufacturers [5].