67岁再创业，他干出一个超级IPO

Core Viewpoint - Xi'an Yiswei Materials Technology Co., Ltd. has successfully passed the IPO review on the Sci-Tech Innovation Board, marking a significant milestone for China's semiconductor industry and showcasing the country's growing strength in "hard technology" [2][3]. Company Overview - Xi'an Yiswei is a key manufacturer of 12-inch silicon wafers, essential for various advanced technologies including AI, 5G, and autonomous driving [2][3]. - The company has achieved a remarkable position as the first in mainland China and sixth globally in the 12-inch silicon wafer market, with a monthly shipment and production capacity accounting for 6%-7% of the global total by 2024 [3][4]. Financial Performance - Despite not being profitable yet, the company has shown a strong growth trajectory with a revenue increase of 41.83% CAGR over three years, reaching 1.302 billion yuan in the first half of 2025 [3][8]. - The revenue figures for the years 2022, 2023, and 2024 were 1.055 billion yuan, 1.474 billion yuan, and 2.121 billion yuan respectively, while the net losses for the same period were 412 million yuan, 578 million yuan, and 738 million yuan, totaling 1.728 billion yuan [8][9]. Production Capacity and Future Plans - The company plans to raise 4.9 billion yuan for its second factory in Xi'an, which is expected to double its production capacity and achieve a monthly shipment of 1.2 million wafers by 2027, capturing over 10% of the global market share [4][7]. - The second factory is anticipated to reach profitability by 2027, further solidifying the company's position in the semiconductor industry [4]. Investment and Support - Xi'an Yiswei has attracted significant investment, with over 115 billion yuan raised from 62 shareholders, including state-owned capital institutions, which reflects a strategic focus on supporting "hard technology" [8][12]. - The company has undergone seven rounds of financing since its inception, with notable investments from major funds, including the National Integrated Circuit Industry Investment Fund [10][11]. Technological Advancements - The company has established a global R&D team and achieved breakthroughs in critical manufacturing processes, positioning itself competitively against international giants [7][9]. - Xi'an Yiswei's products are utilized in advanced process logic chips, DRAM, NAND Flash, and high-end AI chips, addressing core demands in AI model training and inference [3][4]. Regional Ecosystem and Policy Support - The success of Xi'an Yiswei reflects the evolving technology and financial ecosystem in Xi'an, supported by government policies aimed at fostering innovation and capital investment in the semiconductor sector [13][14]. - The local government has implemented various funds and initiatives to support the growth of hard technology companies, creating a conducive environment for innovation and development [15][16].