Core Viewpoint - Fujian Del's IPO application has been withdrawn, leading to the termination of its listing review by the Shanghai Stock Exchange [1] Company Overview - Fujian Del Technology Co., Ltd. specializes in the research, production, and sales of fluorinated new materials, including fluorochemical basic materials, new energy lithium battery materials, specialty gases, and semiconductor wet electronic chemicals [4] - The company is recognized as a national high-tech enterprise with core independent intellectual property rights [4] Product Lines - In the field of fluorinated electronic specialty gases, Fujian Del is one of the few domestic manufacturers that cover the entire production process, from hydrogen fluoride preparation to waste gas recovery services [4] - The company has achieved large-scale production of electronic-grade trifluorochlorine, marking a significant technological advancement in the domestic fluorinated electronic specialty gas sector [4] - For new energy lithium battery materials, Fujian Del currently has an annual production capacity of 5,475 tons of lithium hexafluorophosphate, with plans to increase capacity to 10,000 tons [4] Semiconductor Chemicals - Fujian Del produces high-end semiconductor-grade wet electronic chemicals and TFT functional mixed reagents, with capabilities to produce G5 grade electronic-grade hydrofluoric acid and other advanced chemicals [5] - The company holds 305 domestic and 6 foreign authorized invention patents and has participated in the establishment of various national and industry standards [5] Financial Performance - Fujian Del's revenue for 2022, 2023, and 2024 was 1.698 billion yuan, 1.418 billion yuan, and 1.687 billion yuan, respectively, with net profits of 221 million yuan, 119 million yuan, and 131 million yuan [5] IPO Journey - Fujian Del's IPO was accepted in June 2023, with plans to raise 1.945 billion yuan for various projects, but the company ultimately withdrew its application after a series of inquiries [6]