Core Viewpoint - Shengke Nano is a leading enterprise in the domestic semiconductor third-party testing and analysis field, with a strong growth trajectory and significant market potential in the semiconductor industry [3][8]. Company Overview - Shengke Nano's revenue is projected to grow from 120 million yuan in 2020 to 415 million yuan in 2024, with a compound annual growth rate (CAGR) of 36.2%. The net profit after deducting non-recurring items is expected to increase from 18.89 million yuan in 2020 to 72.66 million yuan in 2024 [3]. - The company has received investments from notable institutions such as Yida Capital, Fengnian Capital, Haitong Kaiyuan, Guoke Jiahe, and Yongxin Fangzhou [3]. Industry Trends - The semiconductor industry is shifting from the traditional IDM model to a Fabless+Foundry+OSAT model, leading to increased specialization and the emergence of independent third-party testing services [4]. - The global market for semiconductor third-party laboratory testing and analysis has surpassed 3 billion USD and is expected to reach 7.5 billion USD by 2028, with demand for testing services growing faster than the overall semiconductor market [6]. Market Position - Shengke Nano holds a market share of approximately 7.86% in the domestic market for failure analysis and materials analysis, with estimated revenues of 326 million yuan in 2023 [8]. - The company focuses on high-value segments such as failure analysis, which contributes significantly to its profitability, achieving a gross margin of 54.28% in 2023, higher than its competitors [9]. R&D and Innovation - Shengke Nano invests heavily in R&D, with a research expense ratio of 10.8% in 2023, significantly higher than its peers [10]. - The company has developed over 20 core technologies and holds numerous certifications, including CNAS and CMA, and has participated in national-level research projects [11]. Client Base - The company serves a range of prominent clients, including major chip design firms like Zhaoshengwei, Qualcomm, and Broadcom, as well as leading foundries and semiconductor equipment suppliers [12]. - Shengke Nano aims to enhance its testing and analysis capabilities through its IPO, focusing on expanding its service capacity in failure analysis, materials analysis, and reliability analysis [12].
打造芯片全科医院，胜科纳米迎来科创板IPO