Core Viewpoint - Recently, Haike Group announced that its subsidiary, Zhenjiang Runjing High Purity Chemical Technology Co., Ltd. (Runjing Technology), successfully completed a new round of financing totaling RMB 350 million, led by Haike Group's strategic investment department with participation from several strategic investors [3]. Group 1: Company Overview - Runjing Technology, established in 2008, is a subsidiary of Haike Group, which is listed among the "Top 500 Enterprises in China." The company specializes in the research, production, sales, and service of high-purity wet electronic chemicals for high-end manufacturing industries such as semiconductors and display panels [3][5]. - The company has developed methods and patented technologies for producing electronic-grade tetramethylammonium hydroxide and electronic-grade tetraethylammonium hydroxide, with 94 patents approved [5]. Group 2: Product and Market Position - Wet electronic chemicals, also known as ultra-pure electronic chemicals, are essential liquid chemical materials used in microelectronics and optoelectronics processes, including etching solutions, developing solutions, stripping solutions, cleaning solutions, and dilution solutions [5]. - Runjing Technology has established business or technical partnerships with major clients in the panel and semiconductor industries, including Samsung, BOE, Huaxing Optoelectronics, Huike, TSMC, and Changxin Storage, providing one-stop solutions for electronic chemicals [7]. Group 3: Future Prospects - The company is expanding its product range, including projects related to post-CMP cleaning solutions, color film developing solutions, and silver etching solutions. It has four subsidiaries, with Hefei Xinke Electronic Materials Co., Ltd. focusing on high-purity hydrogen peroxide, ammonia, and isopropanol for semiconductor-grade products [7]. - The acquisition of two Chinese factories from Sumitomo Chemical in April 2024 will enhance Runjing Technology's product offerings in etching solutions, stripping solutions, and CF developing solutions, thereby improving its competitiveness in the Chinese wet electronic chemical market [7]. - The rapid growth of the semiconductor and display panel industries is driving the increasing demand for wet electronic chemicals, positioning Runjing Technology for significant breakthroughs in the industry [7].

Group 1 - The core viewpoint of the article is that Runjing Technology, a subsidiary of Haike Group, successfully completed a new round of financing amounting to 350 million RMB, led by Haike Group's strategic investment department along with several strategic investors from the semiconductor industry [1] - Runjing Technology specializes in the research, production, sales, and service of high-purity wet electronic chemicals for high-end manufacturing industries such as semiconductors and display panels, providing one-stop solutions for major global companies like Samsung, BOE, TCL, and TSMC [1] - The financing round involved multiple strategic investors, including Kunqiao Capital, Guotou Chuanghe Fund Management, Shangqi Capital, and Fujian Industrial Equity Investment Co., Ltd [1] Group 2 - In 2024, Runjing Technology acquired two subsidiaries of Sumitomo Chemical, which are Sumitomo Electronic Materials Technology (Hefei) Co., Ltd and Sumitomo Electronic Materials Technology (Chongqing) Co., Ltd [2] - This acquisition allows Runjing Technology to inherit Sumitomo Chemical's technological advantages and business systems, enabling the rapid expansion of its product portfolio, including etching liquids, stripping liquids, and CF developing liquids [2] - The regional layout in Chongqing and Hefei will facilitate quick responses to local customers, enhancing Runjing Technology's competitiveness in the Chinese wet electronic chemical market [2]