Ultrapure materials focusing on special coating processes and related technologies and materials (301717.SZ) will be listed in GEM IPO

According to the Zhitong Finance App, Ultra Pure Materials (301717.SZ) issued an initial public offering of shares and a prospectus of intent to list on GEM. The current public offering of 254.615.39 million shares accounts for 25% of the total share capital after issuance. The strategic placement of this offering consists of the issuer's senior management and core employees participating in the special asset management plan established by this strategic placement, sponsor-related subsidiaries (or have), and other investors participating in the strategic placement. The initial number of strategic placements issued was 76384.61 million shares, accounting for 30.00% of the number issued. The subscription date is July 31, 2026.

The company is a “little giant” enterprise focusing on special coating processes and related technologies and materials. It mainly targets chip manufacturing, precision optics, etc., and provides precision parts products and services after material modification, precision surface processing, precision cleaning and special coating processes.

The company's main products cover core components of equipment in the fields of wafer manufacturing, packaging and silicon wafer manufacturing. It has obtained outstanding technical advantages in the fields of etching, lithography, measurement, annealing and film deposition equipment, and is mass-produced in small batches or undergoing client verification in the fields of bonding, ion implantation, diffusion, etc., and provides key component products for silicon epitaxial wafer manufacturing equipment. The company is one of very few domestic suppliers of core components for semiconductor etching equipment with a process of 5nm and below.

In recent years, with the gradual expansion of the domestic semiconductor equipment market, the company's performance increased significantly. The compound annual growth rate of revenue from 2023-2025 was 71.25%, and net profit attributable to owners of the parent company after deducting non-recurring profit and loss was 75.11%. From January to March 2026, the company's revenue was 146.9977 million yuan, an increase of 62.39% over the same period last year; net profit attributable to shareholders of the parent company after deducting non-recurring profit and loss in January-March was 61.498 million yuan, an increase of 50.11% over the same period last year.

After deducting costs such as issuance, the actual capital raised this time will be invested in the following projects according to priority: semiconductor equipment core optical components industrialization projects, semiconductor materials and surface treatment industrialization projects, Meishan base capacity expansion projects, headquarters and R&D center construction projects, and supplementary liquidity projects. It is proposed to use the raised capital to invest 1,125 billion yuan.