ACMSH(SH:688082) Chang Jiang Shang Bao·2025-07-27 23:40Core Insights - Wang Hui, the founder of Shengmei Shanghai, has successfully led the company to become a leading player in the semiconductor equipment industry with a market value of 54 billion yuan [2][17] - The company has achieved remarkable growth, with a net profit of 1.153 billion yuan in 2024, representing over a sevenfold increase since 2019 [2][15] - Shengmei Shanghai is planning a private placement to raise 4.482 billion yuan, primarily for research and development [3][21] Company Development - Wang Hui's journey began with his education in precision instruments at Tsinghua University, followed by advanced studies in Japan and the United States, where he gained significant technical expertise [6][10] - After returning to China in 2005, he identified the market potential in the semiconductor sector and founded Shengmei Shanghai, focusing on localizing technology to fill market gaps [9][10] - The company developed the world's first SAPS single-wafer megasonic cleaning technology, breaking foreign monopolies and entering the supply chain of major clients like Hynix [11][12] Financial Performance - Shengmei Shanghai's revenue grew from 254 million yuan in 2017 to 5.618 billion yuan in 2024, with a net profit increase from approximately 10.86 million yuan to 1.153 billion yuan in the same period [14][15] - The company has seen a 6.42-fold increase in revenue and a 7.54-fold increase in net profit over the past five years [15] - As of the first quarter of 2025, the company's total assets reached 12.638 billion yuan [16] Market Position and Strategy - Shengmei Shanghai has established itself as a leading provider of semiconductor cleaning equipment, holding a 23% market share in China and 6.6% globally, ranking fifth [12][16] - The company emphasizes a strategy of technological differentiation and innovation, with over 1,520 invention patents and 468 authorized patents [12] - Wang Hui aims to position Shengmei Shanghai as a comprehensive semiconductor equipment supplier, with plans to cover a market worth approximately 20 billion US dollars through seven major product lines [18][19][21] Future Outlook - The company is focused on global expansion, aiming to compete with international giants by offering advanced equipment for AI chip development and other high-precision applications [20][21] - Wang Hui's vision is to ensure that Chinese semiconductor equipment holds a significant place in the global supply chain [21]