The Zhitong Finance App learned that on November 13, Jiangsu Xinhua Semiconductor Technology Co., Ltd. (abbreviation: Xinhua Technology) changed the IPO review status of the Shanghai Stock Exchange Science and Technology Innovation Board to “terminated”. Due to the withdrawal of the issuance and listing application by Xinhua Technology and its sponsor, the Shanghai Stock Exchange terminated its issuance and listing review in accordance with the relevant provisions of Article 63 of the “Shanghai Stock Exchange Stock Issuance and Listing Review Rules”.
According to the prospectus, Xinhua Technology is mainly engaged in R&D, production and sales of electronic grade polysilicon for the semiconductor industry. The semiconductor manufacturing industry chain begins with electron-grade polysilicon, to semiconductor wafer and wafer manufacturing, and eventually produces integrated circuit chips for use in terminal products.
As an important industrial field for China to achieve a high level of technological self-reliance and self-improvement, the semiconductor manufacturing industry is of great strategic significance. The electronic grade polysilicon produced by the company is a key basic material supporting the entire semiconductor manufacturing industry, and is directly used in the production of semiconductor silicon wafers and silicon components for semiconductors.
Currently, the company is continuing to increase investment to overcome ultra-high purity electronic grade polysilicon technology. Ultrapure electron-grade polysilicon is the world's leading product in electron-grade polysilicon, including ultra-high resistance electron-grade polysilicon and fused polysilicon, which can reach a purity of 13N or more. The company has made breakthrough progress in product technology development and production of ultra-high resistance electronic grade polysilicon and fused polysilicon. Related products have been verified by some mainstream customers at home and abroad, and shipped in small quantities.
Furthermore, based on high-purity silicon-based product technology accumulated over many years of electron-grade polysilicon R&D and production, the company is actively researching and developing diversified products around high-purity silicon-based materials, such as silicon-based electronic gas and high-purity quartz sand.
On the financial side, in 2023, 2024 and 2025, the company achieved operating income of 946 million yuan, 1,110 million yuan and 1,791 million yuan respectively; for the same period, net profit was approximately RMB 36 million, RMB 62 million and RMB 140 million, respectively.
