Core Viewpoint - Beijing Yitang Semiconductor Technology Co., Ltd. is a semiconductor equipment company that focuses on the research, production, and sales of integrated circuit manufacturing equipment, aiming to leverage its technological advantages and industry experience to become a trusted leader in the global semiconductor equipment field [6][8]. Company Overview - The company is headquartered in China and operates globally, providing high-performance and efficient integrated circuit equipment, including dry stripping equipment, rapid thermal processing equipment, and dry etching equipment [6][7]. - The market share of the company's dry stripping and rapid thermal processing equipment ranks among the top two globally, with its dry etching equipment being used by several well-known international integrated circuit manufacturers [6][8]. Business Performance - The company has shown continuous business growth and excellent performance, achieving a compound annual growth rate of 18.90% in net profit over the reporting period [21]. - The production capacity of the Beijing manufacturing base is projected to grow from 120 units in 2022 to 234 units in 2024 [13]. R&D and Innovation - The company has maintained a high level of R&D investment, with expenses amounting to approximately 529.85 million yuan, 608.16 million yuan, and 716.89 million yuan over the reporting period, representing 11.13%, 15.47%, and 15.47% of revenue respectively [20]. - The company has developed several new products, including the Hydrilis high-capacity vacuum wafer transfer equipment platform and advanced etching equipment, which have received high recognition from customers [24][25]. Market Position and Strategy - The company serves a wide range of clients, including the top ten global chip manufacturers and leading domestic manufacturers, covering all chip manufacturing fields [14]. - The company plans to expand its customer base and enhance market share by focusing on customer capital expenditures and product validation processes [26]. Industry Context - The semiconductor and integrated circuit industry is classified as a strategic emerging industry supported by national policies, providing a favorable environment for the company's growth [31]. - The global semiconductor market is expected to reach $1 trillion by 2030, with the integrated circuit equipment market projected to grow alongside the semiconductor industry [33]. IPO Objectives - The primary objectives of the IPO include enhancing independent innovation capabilities, consolidating market position, and improving corporate governance to share high-quality development results with investors [35][37].
屹唐股份：深耕晶圆加工设备 赋能全球芯片制造