Semiconductor electronic materials company Colid initiates listing guidance

The official website of the China Securities Regulatory Commission shows that Dalian Kolid Semiconductor Materials Co., Ltd. (referred to as “Kolid”) officially launched IPO listing tutoring on May 7, with Huatai Securities serving as the tutoring institution.

Notably, Kolid previously applied to the Shanghai Stock Exchange for an initial public offering and listing on the STAR Market in June 2023, and in February 2024 it applied to the Shanghai Stock Exchange to withdraw its listing application.

Kolid was established in 2001. It is a high-tech enterprise engaged in the R&D and industrialization of electronic materials such as high-purity electronic gases and semiconductor precursors.

Kolid has repeatedly undertaken national key projects including the Ministry of Science and Technology’s “Tenth Five-Year,” “Eleventh Five-Year,” and “Twelfth Five-Year” 863 key projects; the national major science and technology special project “Large-Scale Integrated Circuit Manufacturing Equipment and Complete Processes” (Project 02); and the National Key R&D Program “Core Supporting Materials for Third-Generation Semiconductors.” It has won national, provincial, and municipal awards for scientific and technological progress, the National Key New Product Award, the China Semiconductor Innovation Product and Technology Award, and the China New Display Industry Chain Special Contribution Award.

Kolid has patented technologies with independent intellectual property rights. It was the first company in China to realize the industrialization of 7N high-purity ammonia and 6N high-purity boron trichloride; its products replace imports, fill domestic gaps, and are widely used in fields such as semiconductor chip manufacturing.

All members of Kolid’s founding team are from within the region. Since the company’s establishment, it has continuously undertaken a series of major national and provincial science and technology projects, tackling key technologies for the industrialization of high-purity semiconductor materials. It has led the formulation of two national standards for products including high-purity boron trichloride and propylene, and also five group standards for products such as ammonia, nitrogen monoxide, and carbon dioxide. It has also consecutively independently undertaken projects under the “Tenth Five-Year,” “Eleventh Five-Year,” and “Twelfth Five-Year” national high-technology R&D programs (the National 863 Program), including the projects “Purification Technology and Large-Scale Production Technology of Ultra-High Purity Ammonia,” “Development of Ultra-High Purity Ammonia (7N) Purification Technology and Industrialization Technology,” and “Research on Key Raw Materials for Semiconductor Lighting Epitaxial Growth.” In addition, it independently undertook the national major science and technology special project (National Project 02) “Development of High-Purity Propylene and Boron Trichloride,” the Electronic Information Industry Development Fund project “R&D and Industrialization of High-Purity Metal Organic Sources,” Liaoning Province’s first batch of “Qieming Guashui” science and technology tackling projects “Precursor Materials for High-Purity Semiconductors,” and also participated in the national key R&D program strategic advanced electronic materials key special project “Key Preparation Technologies for Ultra-High-Purity Organic Sources and Nitrogen Sources for Third-Generation Semiconductors,” among others.

According to the official website, over the years Kolid has successfully expanded into emerging downstream markets such as integrated circuits, new displays, photovoltaics, and LEDs, seizing the opportunity of localization and domestic substitution of electronic specialty gases through excellent product quality and stable product quality. It has successfully opened up relationships with well-known end customers including TSMC, Intel Dalian, SMIC, China Resources Micro, Yangtze Memory, Changxin Memory, Huahong Hongli, BOE, CSOT, Huike, Tianma Microelectronics, Veken, AU Optronics, Dalian Sun, Super Vision, JA Solar, Jinko Solar, Aiko Solar, Canadian Solar, Risen Energy, and ATOO/AI Solar, among others, and it is also a supplier for internationally renowned gas companies such as Linde Group, Air Liquide Group, Daqiang Sun Group, and Merck Group.

Notably, Kolid is not attempting an IPO for the first time. In June 2023, Kolid’s STAR Market IPO was accepted, with an original planned fundraising amount of 8.77 billion yuan, but ultimately in February 2024 Kolid applied to the Shanghai Stock Exchange to withdraw its listing application.