Chengdu UltraPure Applied Materials Co., Ltd. (referred to as: "UltraPure Applied", stock code: 301717) was listed today on the Shenzhen Stock Exchange's ChiNext board.
UltraPure Applied Materials issued 25,461,500 shares in this IPO, with an offering price of 65.99 yuan per share, raising 1.68 billion yuan.
The shareholders participating in the placement of UltraPure Applied Materials include Huatai UltraPure Shares Garden No. 1 ChiNext Employee Stock Ownership Collective Asset Management Plan, Shanghai Xinzhi Shidai Enterprise Management Co., Ltd., China National Nuclear Corporation Capital Holding Co., Ltd., Chengdu High-tech Investment Electronic Information Industry Group Co., Ltd., Changcun Hongtu Equity Investment (Wuhan) Partnership (Limited Partnership), Beijing Electronic Control Industry Investment Co., Ltd., Shenzhen High-tech Investment Venture Capital Co., Ltd., BYD Co., Ltd., with a lock-up period of 12 months.
Among them, Huatai UltraPure Shares Garden No. 1 ChiNext Employee Stock Ownership Collective Asset Management Plan subscribed for 168 million yuan, Shanghai Xinzhi Shidai Enterprise Management Co., Ltd. subscribed for 60 million yuan, China National Nuclear Corporation Capital Holding Co., Ltd. subscribed for 30 million yuan, Chengdu High-tech Investment Electronic Information Industry Group Co., Ltd. subscribed for 35 million yuan, Changcun Hongtu Equity Investment (Wuhan) Partnership (Limited Partnership) subscribed for 70 million yuan, Beijing Electronic Control Industry Investment Co., Ltd. subscribed for 55 million yuan, Shenzhen High-tech Investment Venture Capital Co., Ltd. subscribed for 20 million yuan, BYD Co., Ltd. subscribed for 30 million yuan.
UltraPure Applied Materials opened at 450 yuan, up 582% from the offering price; it closed at 503 yuan, up 662% from the offering price; based on the closing price, the company's market capitalization is 51.2 billion yuan.
Expected First Half Revenue of 2.7 Billion to 2.9 Billion, Net Profit Over 1 Billion
UltraPure Applied is a company focused on special coating processes and their related technologies and materials, primarily serving fields such as chip manufacturing and precision optics, providing precision component products and services after material modification, precision surface processing, precision cleaning, and special coating processes.
UltraPure Applied's main products cover core components of equipment in wafer manufacturing, packaging, and silicon wafer manufacturing. It has achieved relatively prominent technological advantages in etching, lithography, measurement and inspection, annealing, and thin-film deposition equipment, and is conducting small-volume mass production or client-side validation in equipment fields such as bonding, ion implantation, and diffusion, while also providing key component products for silicon epitaxial wafer manufacturing equipment.
The prospectus shows that UltraPure Applied's revenue for 2023, 2024, and 2025 was 169 million yuan, 260 million yuan, and 496 million yuan, respectively; net profit was 64.805 million yuan, 82.26 million yuan, and 185 million yuan, respectively; net profit after adjustment was 66.42 million yuan, 85.52 million yuan, and 200 million yuan, respectively.
The prospectus shows that UltraPure Applied's revenue for the first quarter of 2026 was 147 million yuan, an increase of 62% compared to 90.52 million yuan in the same period last year; net profit was 61.93 million yuan, an increase of 59% compared to 38.96 million yuan in the same period last year; net profit after adjustment was 61.49 million yuan, an increase of 50% compared to 40.96 million yuan in the same period last year.
UltraPure Applied expects revenue for the first half of 2026 to be between 270 million yuan and 290 million yuan, an increase of 30.86% to 40.56% compared to 206 million yuan in the same period last year; it expects net profit to be between 103 million yuan and 110 million yuan, an increase of 68.69% to 81.19% compared to 60.82 million yuan in the same period last year; it expects net profit after adjustment to be between 102 million yuan and 110 million yuan, an increase of 22.95% to 32.08% compared to 83.23 million yuan in the same period last year.
Chai Jie Controls 68.8% of Voting Rights
The controlling shareholder and actual controller of UltraPure Applied is Chai Jie. Chai Jie directly holds 41.89% of the company's shares, indirectly controls 3.26% of the company's voting rights through Jiaze Hechang (acting as the executive partner), and indirectly controls 3.08% of the company's voting rights through Jiatian Hexin (acting as the executive partner), totaling control over 48.23% of the company's voting rights, making him the company's controlling shareholder and actual controller;
Chai Jie's brother, Chai Lin, directly holds 20.61% of the company's shares and is a person acting in concert with Chai Jie. The actual controller and persons acting in concert collectively control 68.84% of the company's voting rights.
Prior to the IPO, SDIC Venture Capital held 6.33%, BYD held 4.58%, AMEC held 4.26%, Jidian Chantou held 3.37%, Jiaze Hechang held 3.26%, Jiatian Hexin held 3.08%, Jiaxing Xinchun held 1.81%, Tongling Fengrui held 1.7%, Suzhou Woyan held 1.59%;
Yixing Tianxia held 1.13%, Ningbo Zhongxin and Gaoxin Xindongneng each held 0.93%, Wuhan Zesen and Wuhu Jianxiang No. 1 each held 0.75%, Zhenghai Yuanyu held 0.65%, Qiuyuan Zhenghai held 0.6%, Henan Shangqi held 0.56%, Huatai Zijin held 0.47%, Shenzhen Jishi held 0.38%, Guotai Junan Venture Capital and Gaotou Dianzi each held 0.19%.
After the IPO, Chai Jie holds 31.42%, Chai Lin holds 15.46%, SDIC Venture Capital holds 4.75%, BYD holds 3.43%, AMEC holds 3.19%, Jidian Chantou holds 2.53%, Jiaze Hechang holds 2.44%, Jiatian Hexin holds 2.31%, Jiaxing Xinchun holds 1.36%, Tongling Fengrui holds 1.28%, Suzhou Woyan holds 1.19%;
Yixing Tianxia holds 0.85%, Ningbo Zhongxin and Gaoxin Xindongneng each hold 0.7%, Wuhan Zesen and Wuhu Jianxiang No. 1 each hold 0.56%, Zhenghai Yuanyu holds 0.49%, Qiuyuan Zhenghai holds 0.45%, Henan Shangqi holds 0.42%, Huatai Zijin holds 0.35%, Shenzhen Jishi holds 0.29%, Guotai Junan Venture Capital and Gaotou Dianzi each hold 0.14%.
This article is from the WeChat public account "LeiDi" (ID: touchweb), author: Lei Jianping
