Recently, the IPO application submitted by China Graphics Technology was officially accepted by the STAR Market of the Shanghai Stock Exchange. As a globally prominent manufacturer of patterned substrate materials, China Graphics Technology is dedicated to the research, development, production, and sales of patterned substrate materials essential for gallium nitride (GaN) epitaxy. Its product lineup encompasses patterned sapphire substrates (PSS) and patterned composite material substrates (MMS), both of which serve as pivotal substrate materials in the upstream semiconductor industry chain for Mini/Micro LED, automotive lighting, and in-vehicle displays.
With this IPO, China Graphics Technology intends to raise 1.05 billion yuan. The funds will be channeled into the industrialization project of patterned substrates for Mini/Micro LED and automotive LED chips, the establishment of an engineering technology research center project for semiconductor substrate materials, and to replenish working capital.