Core Viewpoint - Jiangsu Panyam Micro透 Technology Co., Ltd. plans to raise approximately 110 million yuan through a simplified procedure for a private placement to fund the intelligent manufacturing upgrade of its Condensation Management Device (CMD) products [1][4] Group 1: Company Overview - Panyam Micro透 specializes in the research, production, and sales of micro-porous materials and their modified derivatives, including ePTFE membranes and SiO2 aerogels [2] - The company has a strong focus on innovation and has developed core business products such as ePTFE micro透 products, CMD, and gas management products [2][3] Group 2: CMD Product Insights - The CMD product utilizes ePTFE membrane and desiccant technology to address fogging issues in automotive lighting, significantly reducing manufacturing processes and costs while enhancing efficiency [3] - CMD products are fully domestically sourced, representing a significant innovation in the field [3] - The market demand for CMD products is expected to grow due to the acceleration of automotive electrification and intelligence, as well as the product's application in various sectors [3][4] Group 3: Financial Performance - In 2024, Panyam Micro透 achieved a revenue of 515 million yuan, a year-on-year increase of 25.39%, and a net profit of 102 million yuan, up 17.93% [4] - CMD product sales revenue has increased over 650% from 2021 to 2023, with its share of main business revenue rising from 2.12% in 2021 to 12.36% in 2023 [3]