Core Viewpoint - Yitang Co., Ltd. (688729.SH) has initiated its subscription with an issue price of 8.45 CNY per share and a price-to-earnings ratio of 51.55 times, indicating its position in the semiconductor equipment industry [1] Company Overview - Yitang Semiconductor is a semiconductor equipment company headquartered in China, with R&D and manufacturing bases in China, the United States, and Germany, focusing on wafer processing equipment for integrated circuit manufacturing [1] - The company provides various equipment and solutions, including dry stripping equipment, rapid thermal processing equipment, and dry etching equipment, to global integrated circuit manufacturers [1] Market Position - The company has established itself as a significant supplier in the integrated circuit manufacturing equipment industry, with products recognized globally and adopted by leading memory and logic chip manufacturers [2] - As of June 2024, the company has installed over 4,600 units of its products globally, maintaining a leading position in its market segments [2] - According to Gartner, Yitang's dry stripping and rapid thermal processing equipment hold the second-largest market share globally in 2023 [2] Financial Performance - The company reported revenues of approximately 3.241 billion CNY, 4.763 billion CNY, 3.931 billion CNY, and 2.090 billion CNY for the years 2021, 2022, 2023, and the first half of 2024, respectively [2] - Net profits for the same periods were approximately 181 million CNY, 383 million CNY, 309 million CNY, and 248 million CNY [2] Financial Metrics - As of June 30, 2024, total assets amounted to approximately 9.604 billion CNY, with equity attributable to shareholders at about 5.591 billion CNY [3] - The company's asset-liability ratio for the parent company was 33.32%, while the consolidated asset-liability ratio stood at 41.78% [3] - Revenue and net profit figures for the first half of 2024 were approximately 2.090 billion CNY and 248 million CNY, respectively [3]
A股申购 | 屹唐股份(688729.SH)开启申购 干法去胶设备及快速热处理设备的市场占有率均位居全球第二