Deju Technology's GEM IPO has inquired about polymer materials for electronics
The Zhitong Finance App learned that on July 16, Guangdong Deju Technology Co., Ltd. (Deju Technology for short) changed its GEM listing review status to “Inquired”. CITIC Securities is its sponsor and plans to raise 1,00.48 billion yuan.
According to the prospectus, Deju Technology is an enterprise focusing on R&D, production and sales of polymer materials for electronics. Its main products are electronic adhesives, and it provides supporting application solutions for customers in specific adhesive scenarios. It has formed a product layout covering the fields of smart terminals, new energy, semiconductors, communications, etc.
In various application fields, the company has formed a product matrix centered on products with a high revenue share or representative products that have been introduced into customer systems: the smart terminal field mainly includes component encapsulants, structural adhesive sealants, high-reliability epoxy adhesives, etc.; the new energy sector mainly includes magnetic core adhesives, encapsulation reinforcements, sealants, and three-proof paint.
The semiconductor field mainly includes thermally conductive interface materials, underfill adhesives, AA process adhesives, chip plastic insulating films (DAF), anisotropic conductive adhesives (ACF), etc.; the communications field mainly includes electromagnetic shielding adhesives, optical module sealants, and thermal conductive adhesives for AI power modules.
According to data provided by the China Adhesive and Adhesive Tape Industry Association, in 2025, the company's share of the Chinese domestic market was about 1.5%, ranking in the top four domestic manufacturers in the Chinese domestic market.
During the reporting period, the sales amount of the company's top five customers accounted for 51.84%, 51.47% and 55.28% of revenue, respectively, and the customer concentration was high.
The company's main customers include world-renowned electronics manufacturers or their industrial chain customers such as Dongshan Precision, Lixun Precision, Pengding Holdings, Amphenol, Qisheng Electronics, and Sanmina.
After deducting the issuance fee from the funds raised this time, the company will implement the following projects in an orderly manner according to actual management needs and market conditions:
On the financial side, in 2023, 2024, and 2025, the company achieved operating income of about 351 million yuan, 385 million yuan, and 458 million yuan respectively; for the same period, net profit was approximately 42,1279 million yuan, 67.4544 million yuan, and 123 million yuan, respectively.
