On May 8th, Suzhou Bettley Polymer Materials Co., Ltd. (referred to as Bettley) passed the review meeting of the Shenzhen Stock Exchange's ChiNext Board Listing Committee. The IPO sponsor is Guosen Securities, with a planned fundraising amount of 792.66 million yuan. According to the prospectus, the company is a new materials enterprise driven by customer demand and innovation in research and development. Its main business involves the R&D, production, and sales of electronic materials and chemical new materials, with products covering three major segments: conductive materials, silicone materials, and coating materials. The company's products are widely used in fields such as photovoltaics, 3C electronics, silicone deep processing, electronic packaging, medical devices, and new energy vehicles. In the photovoltaic sector, its major clients include well-known industry players like Shanghai Silver Paste, Wuxi Dk Electronic Materials Co.,Ltd., and Huasheng New Energy. In the 3C electronics sector, its products are extensively used in products from renowned brands such as Lenovo, Huawei, and Xiaomi. In the silicone deep processing sector, key clients include Hubei Huitian New Materials Co.,Ltd. and Elkem Silicones. In the electronic packaging sector, major clients include Mls Co.,Ltd. and Shenzhen Mtc Co.,Ltd. In the medical device sector, key clients include Jiangsu Yuyue Medical Equipment&Supply Co.,Ltd. and Aikang Biotechnology. In the new energy vehicle sector, the company's products have successfully entered the supply chains of prominent automakers like Li Auto and BYD. Over more than two decades of development, the company has focused its product strategy on niche markets characterized by "significant potential for import substitution" or "early-stage domestic industrialization." It has launched various electronic and chemical new materials, achieving import substitution and continuously driving technological innovation, thereby contributing to the development of new quality productive forces domestically. At its inception, leveraging the founding team's deep technical expertise in the silicone field, the company pioneered the development of silicone keypad coating materials to break import dependence, while simultaneously extending into silicone rubber product lines, forming a dual-drive strategy. Around 2010, with the rapid growth of personal computers and smartphones, related clients had an urgent need for domestic alternatives to conductive pastes. The company keenly recognized the synergy between its existing coating material technology and conductive pastes. Utilizing its technological migration advantages, it successfully developed conductive pastes, entering the conductive materials field and achieving import substitution for conductive pastes used in PC circuit boards and smartphone touchscreens, while concurrently initiating integrated research on powder and paste. In recent years, as environmental policies have tightened both domestically and internationally, silicone materials have gained broad substitution potential due to their environmental safety characteristics. The company achieved a significant breakthrough in substituting plastic materials in the 3C electronic peripheral product sector by launching a liquid flame-retardant adhesive with excellent flame-retardant and heat-resistant properties, tensile strength, and extrusion speed. Simultaneously, in response to the transformation in the new energy industry, the company leveraged its existing technological expertise to enable cross-sector penetration of its products: in the photovoltaic sector, it entered the photovoltaic silver powder and HJT paste markets by capitalizing on its integrated R&D advantages in powder and paste; in the new energy vehicle sector, it accessed supply chains like Li Auto and BYD through differentiated products such as magnesium-aluminum coatings and skin-feel UV coatings, and extended its flame-retardant adhesive technology to new energy battery busbars, wires, and cables, forming a dual growth engine in "photovoltaics + new energy vehicles." Financially, for the years 2023, 2024, and 2025, the company achieved operating revenues of approximately 2.273 billion yuan, 2.521 billion yuan, and 3.646 billion yuan, respectively. During the same periods, net profits were approximately 85.6253 million yuan, 97.4999 million yuan, and 116 million yuan, respectively.