刚刚！西安奕材科创板IPO成功过会

Core Viewpoint - Xi'an Yiswei Material Technology Co., Ltd. has successfully passed the IPO review for the Sci-Tech Innovation Board, indicating strong growth potential in the semiconductor industry, particularly in the 12-inch silicon wafer segment [1] Company Overview - Xi'an Yiswei focuses on the research, production, and sales of 12-inch silicon wafers, ranking first in mainland China and sixth globally in terms of average monthly shipment and production capacity as of 2024, with a global market share of approximately 6% and 7% respectively [2] - The company holds the most authorized domestic and foreign invention patents in the 12-inch silicon wafer sector in mainland China [2] Industry Context - The 12-inch silicon wafer contributes over 75% of the global shipment area for all silicon wafer specifications in 2024, with a significant increase in demand expected due to the proliferation of artificial intelligence applications [3] - The global oligopoly in the 12-inch silicon wafer market has persisted for years, with the top five manufacturers accounting for 80% of supply, while China's production capacity is projected to exceed 30% by 2026 [3] Production Capacity and Strategy - The first core manufacturing base has been established in Xi'an, with the first factory reaching production capacity in 2023 and a second factory set to commence production in 2024, aiming for full capacity by 2026 [4] - By the end of 2024, the company's combined production capacity is expected to reach 710,000 wafers per month, with plans to meet 40% of mainland China's 12-inch silicon wafer demand by 2026 [4] Technological Advancements - The company has developed a core technology system encompassing five key processes: crystal pulling, shaping, polishing, cleaning, and epitaxy, achieving performance levels comparable to the top five global manufacturers [5] - As of the end of 2024, the company has applied for a total of 1,635 patents, with over 80% being invention patents, and has received authorization for 746 patents [5] Market Position and Client Base - The company has validated 144 clients, with 108 in mainland China and 36 overseas, and has supplied over 90 mass-produced products, contributing more than 55% to its main business revenue in 2024 [6] - It has become a leading supplier of 12-inch silicon wafers for major domestic logic foundries and storage IDM manufacturers, with a stable export revenue share of around 30% [6]