Chuangzhi Semi-link passes HKEX Main Board listing hearing

NewTimeSpace News: On 19 October 2026, the Stock Exchange of Hong Kong disclosed that Shenzhen Chuangzhi Semi-link Technology Co., Ltd. passed the listing hearing for the Main Board, with Guotai Haitong and CCBI acting as joint sponsors. According to the prospectus, the Company is a manufacturer of plating chemicals and a provider of plating services in China, primarily serving customers in the semiconductor and printed circuit board (PCB) industries, and is positioned in the upstream segment of the electronic packaging industry value chain. It manufactures and sells plating chemicals used in electroless plating and electroplating processes, and provides electroless plating and electroplating services for wafers, packaging substrates and PCBs.

In terms of segments, revenue is mainly derived from the plating chemicals and plating services segments, with the majority generated from plating chemicals. Its principal plating chemicals include electroless nickel immersion gold (ENIG) and electroless nickel electroless palladium immersion gold (ENEPIG) chemicals, copper electroplating chemicals and gold electroplating chemicals; plating services cover silicon wafers, silicon carbide wafers, packaging substrates and PCBs, for which service fees are charged. In 2025, plating chemicals accounted for about 71.8% of total revenue and plating services about 25.8%.

Financially, revenue rose from RMB311.7 million in 2023 to RMB409.9 million in 2024 and further to RMB635.9 million in 2025, with revenue of RMB301.0 million for the four months ended 30 April 2026. Net profit increased from RMB19.4 million in 2023 to RMB52.7 million in 2024 and RMB73.2 million in 2025, and was RMB31.3 million for the four months ended 30 April 2026.