On December 11, a disclosure on the China Securities Regulatory Commission's official website revealed that China Merchants Securities has filed a report, indicating the completion of its listing guidance work for Jiangsu Xinhua Semiconductor Technology Co., Ltd. (Xinhua Semiconductor). This development signifies a renewed push by this prominent domestic player in the electronic-grade polysilicon industry towards accessing the capital market, building on its prior guidance endeavors. It also heralds a significant leap forward in the autonomous development of core materials for China's semiconductor sector.

Established in 2015 and headquartered in Xuzhou, Xinhua Semiconductor boasts a registered capital of around 1.486 billion yuan. The company operates without a controlling shareholder. Its largest shareholder is Jiangsu Zhongneng Silicon Industry Technology Development Co., Ltd., which holds a 24.5653% stake. The second-largest shareholder is the National Integrated Circuit Industry Investment Fund Co., Ltd., with a 20.6327% stake.

Xinhua Semiconductor is dedicated to the research and development, production, and sales of electronic-grade polysilicon tailored for the semiconductor industry. It stands as the sole domestic enterprise capable of large-scale production of electronic-grade polysilicon, achieving product purity levels of up to 13N, on par with international top-tier standards, and commanding a market share exceeding 55%. A successful IPO would mark another significant stride in the autonomous development journey of core materials for China's semiconductor industry.