Jiwei Network News (Wen/Jiang Cui) On May 6, the results of the 24th review meeting of the GEM Listing Committee in 2022 showed that the IPO of Anhui Fullard Technology Development Co., Ltd. (hereinafter referred to as " Fullerde) was successfully held.
According to the data, Fullerte is a pan-semiconductor field equipment precision cleaning service provider, focusing on the two major areas of semiconductor and display panels, focusing on providing one-stop equipment precision cleaning services for semiconductor and display panel manufacturers, providing integrated cleaning and regeneration solutions for customer production equipment pollution control, and gradually becoming one of the leading service enterprises in the domestic pan-semiconductor field of equipment cleaning technology and washing scope (washing subject items). The company's main business is equipment cleaning and derivative value-added services in the field of pan-semiconductors, including: semiconductor equipment cleaning services, display panel equipment cleaning services (TFT equipment cleaning, OLED equipment cleaning, ceramic melting regeneration and anodizing regeneration services), and semiconductor equipment maintenance services and other three categories.
In terms of customer resources, Fullerd said that the company's production base has expanded from Shanghai to Tianjin, Dalian, Neijiang, Tongling and other places, and the regional scope has basically covered China's north, northeast, southwest, east China and other pan-semiconductor manufacturing developed regions. The company is working on the construction of a production base in Guangzhou, and the service area will further cover South China. For a long time, the company has established a stable and extensive cooperative relationship with downstream wafer foundry enterprises and display panel manufacturing enterprises, and the company's main customers are as follows:
In terms of patent research and development, Flard has developed and mass-produced 10.5 generation LCD process cleaning process, 6 generation OLED process cleaning process and semiconductor 14nm process cleaning process, with a relatively advanced ceramic melting process, the reserve semiconductor 7nm parts cleaning process has been relatively mature, the company has the ability to meet the customer's all-round cleaning needs in the forefront of LCD high generation and OLED. As of the date of signing of the Prospectus, the Company and its subsidiaries have 154 granted patents, including a total of 13 invention patents.
According to the prospectus, Fleurtech intends to raise 414 million yuan for the ceramic melt injection and R&D center project, the ceramic thermal spray product maintenance project, the R&D and analysis and testing center expansion project, and the supplementary working capital.
Regarding the ceramic melt injection and R&D center project, on the one hand, it will expand based on the existing cleaning and regeneration service capacity and continue to consolidate the market position of the original application field; on the other hand, the company will grasp the development opportunities in the value-added field of washing and regeneration brought about by the improvement of manufacturing technology and technology in the downstream industry in a timely manner, and actively expand the value-added services of washing and regeneration such as anodized oxidation regeneration and ceramic melting regeneration, as well as component maintenance services. The implementation of the project helps to enrich the company's service system, optimize the business structure, and further enhance the company's profitability. The project also expanded the existing R&D center in Tongling to improve the level of washing and recycling processes and test analysis, and further consolidate the company's competitive advantage.
Regarding the maintenance project of ceramic thermal spraying products, Fleurtech mainly introduces advanced washing, analysis and testing equipment through the construction of new cleaning and recycling workshops, and supports the construction of corresponding office, environmental protection and other facilities to enhance the company's competitiveness in the field of TFT-LCD, OLED cleaning and value-added business. The implementation of the project, through the expansion of value-added projects with high technical barriers and high washing relevance, makes the company's business development more balanced, further consolidates the company's competitive advantage in the precision cleaning market in southwest China, and lays a solid foundation for the sustainable growth of the company's business.
Regarding the expansion project of R&D and analysis and testing center, Fuller de said that with the continuous improvement of the proportion of advanced processes in the semiconductor industry, customers' quantitative requirements for precision cleaning services are getting higher and higher, and semiconductor inspection and analysis technology has become a key competitive factor in the washing and regeneration industry. Through the expansion of the company's existing analysis and testing laboratory in Shanghai, the fundraising project actively introduces talents and forms a complete analysis and testing team to fully serve the company's internal and external testing. The scope of testing covers part cleanliness testing, raw material testing, material morphology and mechanical analysis, clean room environmental testing, etc. The implementation of the project will help the company improve its detection and analysis capabilities, further improve the level of customer service, and consolidate the market share of core customers.
(Proofreading/Andy)