Guanli Technology's GEM IPO has inquired about high-purity process media systems and high-order wet process process equipment

The Zhitong Finance App learned that on July 15, Suzhou Guanli Technology Co., Ltd. (Guanli Technology for short) changed its GEM listing review status to “Inquired”. Dongwu Securities is its sponsor and plans to raise 1.5 billion yuan.

According to the prospectus, Guanli Technology focuses on the R&D, design, production and sales of high-purity process media systems and advanced wet process process equipment, serving the pan-semiconductor industry such as integrated circuits, display panels, and electronic chemicals. It provides a one-stop overall solution from system design, manufacturing, on-site installation and commissioning, inspection and delivery to post-operation and maintenance management around the entire process management needs of liquid chemicals in the industrial chain.

The company's main products include two categories: high-purity process media systems and high-order wet process process equipment.

The high-purity process medium system supports the purification, distribution, mixing, storage, transportation and recycling of various liquid chemicals. Through real-time monitoring and precise adjustment of key process parameters, the risk of micro-contamination is reduced, the cleanliness, stability and safety of liquid chemicals in the production process is guaranteed, and continuous reliable supply is achieved.

High-end wet process equipment can be used in key process steps such as cleaning, imaging, etching and gluing in pan-semiconductor manufacturing. It is an indispensable and important equipment in the wafer manufacturing process. Its cleanliness control ability and process stability directly affect product yield and process consistency.

High-purity process media systems are the company's core revenue source, and the revenue share of this business remained above 90% of the main business, dominating the market.

During the reporting period, the company's main business revenue structure was as follows:

With a deep understanding of the core demands of downstream customers, the company has accumulated rich customer resources and has covered many leading domestic and foreign companies in key downstream industries, including well-known domestic leading companies such as SMIC, Huahong Semiconductor, Hefei Jinghe, Changjiang Storage, and Changxin Storage, as well as international customers with global influence such as Sumitomo Chemical.

The prospectus suggests the risk of competition among the controlling shareholders. Taiwan's direct controlling shareholder, Taiwan Pengyi, operates high-tech industrial process chemical supply system sales and integrated engineering services, which is a situation where the same or similar business exists as the company's main business. In terms of shareholding, Taiwan's Penghyi held 86.59% of the company's shares prior to issuance.

On the financial side, in 2023, 2024, and 2025, the company achieved operating income of about 843 million yuan, 1,282 million yuan, and 1.33 billion yuan respectively; for the same period, net profit was approximately RMB 90.1142 million, RMB 200 million, and RMB 208 million, respectively.