Core Viewpoint - Xiamen Hengkang New Materials Technology Co., Ltd. successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, raising approximately 1 billion RMB, with significant stock price increases and market capitalization reaching over 28 billion RMB, marking it as the largest IPO in Xiamen this year [2][3]. Company Overview - Established in 2004, Hengkang New Materials has a registered capital of approximately 381.92 million RMB and has formed joint ventures with companies like Jiu Ri New Materials and Ba Yi Space [4]. - Initially focused on optical film devices and window lenses, the company shifted its business model in 2014 to target the supply chain of photolithography materials and precursors for 12-inch integrated circuit wafer manufacturing [5]. Product Development and Market Position - By the end of 2024, Hengkang New Materials achieved mass production of various photolithography materials and precursors, including SOC, BARC C, i-Line photoresist, and KrF photoresist, successfully replacing foreign competitors [5][9]. - The company has become a leader in the domestic market for SOC and BARC sales, with projected sales of SOC reaching approximately 23.24 million RMB in 2024, capturing over 10% of the domestic market share [10][13]. Financial Performance - From 2022 to 2024, Hengkang New Materials reported revenues of approximately 322 million RMB, 368 million RMB, and 548 million RMB, with net profits of approximately 101 million RMB, 89.84 million RMB, and 96.92 million RMB respectively [13]. - The sales revenue from self-produced products increased significantly, accounting for 38.94%, 52.72%, and 63.77% of total revenue in the respective years [13][15]. Production Capacity and Utilization - In 2024, the production capacity for SOC and BARC was 26,928 gallons and 20,796 gallons respectively, with utilization rates of 57.42% and 21.43% [11]. - The production capacity for KrF photoresist reached 12,465 gallons, with a production output of 2,188 gallons and a utilization rate of 17.55% [11]. Market Outlook - According to market research, the domestic market for photolithography materials is expected to grow to 31.92 billion RMB by 2028, with a compound annual growth rate of 21.2% [9].

从盘面来看，科创板592只个股涨少跌多，高价股多数上涨，低价股则多数下跌。细分领域来看，半导 体股、软件服务股表现强势，电气设备股、化工原料股跌幅靠前；专用机械股表现分化。 恒坤新材11月18日在上交所科创板上市，公司证券代码为688727，发行价格14.99元／股，发行市盈率 为71.42倍。公司的主营业务是光刻材料和前驱体材料的研发、生产和销售。公司主要产品有光刻材 料、SOC（碳膜涂层）、BARC（底部抗反射涂层）、光刻胶、其他光刻材料、前驱体材料等。截至收 盘时，恒坤新材较发行价涨74.41%，成交额约11.1亿元，换手率达73.25%。 经新华财经统计，11月18日，剔除上市首日的恒坤新材，科创板其余592只个股平均跌幅0.58%，平均 换手率2.62%，合计成交额约1846.08亿元，平均振幅为3.97%。 新华财经北京11月18日电（胡晨曦）科创50指数11月18日早间低开，随后震荡上行翻红，早盘一度涨超 1.4%；午后指数涨幅有所回落，最终小幅收涨。至收盘时，科创50指数报1357.93点，涨幅0.29%，指数 振幅为1.92%，总成交额约612.2亿元。 个股表现方面，不考虑上市首日的恒坤新 ...