LED related manufacturers and Green Ling Gas IPO make new progress

Recently, two LED-related manufacturers have made new progress in their IPOs: Fujian Del Technology Co., Ltd. has responded to the first round of IPO inquiries from the main board, and Tianjin Luling Gas Co., Ltd. has started listing counseling.

Del Technology has responded to the first round of inquiries

On February 13, information on the official website of the Shanghai Stock Exchange showed that Del Technology’s main board IPO disclosed the first round of review inquiry letter responses.

Data show that Del Technology was established in June 2014 with a registered capital of 1.039 billion yuan. The company focuses on the entire fluorine chemical industry chain, covering the R&D, production and sales of a wide range of new fluorine-containing materials such as fluorine chemical basic materials, new energy lithium battery materials, special gases and semiconductor wet electronic chemicals.

Its products are widely used in semiconductor chips, LED chips, flat panel displays, communication optical fibers, power and energy storage batteries, UHV power transmission and transformation, photovoltaic power generation and other fields.

In the field of special gases, Del Technology covers industrial special gases and electronic special gases. Electronic special gases include carbon tetrafluoride, trifluoromethane, hexafluoroethane, octafluorocyclobutane, etc., which are widely used in integrated circuits and Etching, cleaning and other process links in display panel manufacturing.

The company has established cooperative relationships with well-known enterprises such as Sanan Optoelectronics, Qianzhao Optoelectronics, Samsung Display, Sharp, China Star Optoelectronics, Tianma Micro, Visionox, Truly Optoelectronics, Super Vision, etc., and is involved in the fields of integrated circuits and new energy battery materials.

In this IPO, Del Technology plans to raise 1.945 billion yuan, mainly for projects such as an annual output of 200 tons of electronic-grade chlorine trifluoride production line, fluorine-containing semiconductor materials, and an annual output of 360,000 tons of semiconductor-grade electronic materials. The company focuses on high-tech fields such as electronic specialty gases and semiconductor wet electronic chemicals, aiming to increase investment in technology research and development and improve the industrial chain layout.

Green Ling Gas starts listing counseling

Recently, Green Ling Gas starts listing counseling.

Green Ling Gas is a specialized new enterprise specializing in the development and production of special gases in the semiconductor industry. It also provides one-stop solutions for various special gases for LCD, PV and LED industries.

"Northern Network" reported in January 2025 that Green Ling Gas is about to start the construction of the second phase of the project. The total investment of the second phase of the project is about 260 million yuan, covering an area of about 25,000 square meters. It will expand a 710-ton/year semiconductor-specific series of high-purity electronic gas material production lines. It is planned to launch trial production in June 2026. After it is put into production, the annual output value is expected to be about 250 million yuan.

After the completion of the project, it will further promote the import substitution of domestically produced advanced process special electronic materials, and help the Green Ling Gas Nangang Base build a comprehensive R&D and production base for special electronic chemical new materials with the most complete domestic varieties, the best quality, and internationally leading comprehensive supporting technologies.

Qichacha shows that since 2022, the company has raised a total of 5 rounds of financing, and participating companies include Zhonghe Capital, Taiheshun Equity investment, Kunlun Investment, Jianfa Emerging Investment, Industrial Bank Capital, Founder Securities, Jianhua Yuanyuan Investment, etc. The most recent Series C financing occurred on January 26, 2025, and was invested by Chuanghe Xincai Fund.