On July 15th, China's leading electroplated diamond wire manufacturer SXYL Superhard Material Technology Group plans to publicly issue no more than 40 million shares of A shares, with a planned capital of 2.336 billion yuan, mainly invested in the construction project of SXYL Material Science and Technology Park, diamond wire R & D center construction projects, high-efficiency diamond wire construction projects and supplementary working capital projects.
SXYL was established in July 2015. It has just been 5 years and has a registered capital of 360 million yuan. It is a new material enterprise engaged in the research, development, production and sales of materials and products of diamond tools and related industrial chains. The current main product is electroplating Diamond wire can be used for cutting hard and brittle materials such as crystalline silicon and sapphire. In 2018 and 2019, the company's diamond wire sales reached 17,434,600 kilometers and 18.303 million kilometers, respectively.
In terms of product sales, the company has reached cooperative relations with many influential downstream customers in the photovoltaic industry, including leading silicon wafer companies such as Longji and GCL-Poly, as well as photovoltaic companies such as Jinglong Group and Zhonghuan. The customer group includes domestic photovoltaic and The main enterprise of silicon wafer production.
The company has three wholly-owned subsidiaries, YLMC Superhard Material Technology, SXMC New Material Technology and SXJZ New Material Technology, and holds SXMB Precision Steel Wire Co., Ltd., with a shareholding ratio of 59%.
SXYL manufactures its main product, diamond wire, and the electroplated diamond wire technology required has been monopolized by Japan for a long time before 2014, and similar products only depend on imports. However, after years of research and overcoming, SXYL has finally developed a diamond wire production equipment and process that are leading the world and have independent intellectual property rights, breaking through the situation of technological monopoly. The "single machine 6 line" production process developed is leading the world and successfully The production cost has dropped, and at the same time, the market share has occupied the first place in the world in a short period of time. It has become the only company in the world that can supply more than 1.8 million kilometers per month (60 micrometers, 65 micrometers and other diamond wires).
The founding team is well-equipped: among the 14 SXYL board of directors, board of supervisors and senior management personnel, there are 3 doctors, 4 masters and 6 undergraduates, all of whom have rich industry theories and professional experience. For example, Wu Ying, the chairman of the board of directors, worked as the director of the computer room at the Academy of Mechanical Sciences. Wang Fangjun was an associate professor and doctoral supervisor of the School of Management of Xi’an Jiaotong University; Liu Haitao, a member of the supervisory board, published nano in "Advanced Functional Materials" and "Nanotechnology" during his master's degree. 5 academic papers (4 first authors), of which 4 are included in SCI and 1 is included in EI.