Piotech (SH:688072) Zheng Quan Shi Bao Wang·2025-09-12 12:54Core Viewpoint - The company plans to raise no more than 4.6 billion yuan through a private placement to fund the construction of a high-end semiconductor equipment industrialization base, a cutting-edge technology research and development center, and to supplement working capital [1][5]. Group 1: High-End Semiconductor Equipment Industrialization Base - The high-end semiconductor equipment industrialization base project will be located in Shenyang, Liaoning Province, and aims to create a large-scale, intelligent, and digitalized production facility [1][2]. - The total planned investment for this project has increased from 1.1 billion yuan to 1.768 billion yuan, with 1.5 billion yuan allocated from the new fundraising [1][2]. - The project has already secured land use rights and necessary permits, and a general construction contract has been signed [1]. Group 2: Revenue Growth and Market Demand - The company has experienced rapid growth in business scale, with revenues of 1.706 billion yuan, 2.705 billion yuan, and 4.103 billion yuan for the years 2022, 2023, and 2024, respectively, reflecting a compound annual growth rate of 55.08% [2]. - The current production capacity is expected to be insufficient to meet future customer orders due to increasing market demand and ongoing advancements in chip technology [2]. Group 3: Cutting-Edge Technology R&D Center - The cutting-edge technology R&D center will focus on developing advanced thin film deposition equipment, including PECVD, ALD, and trench filling CVD technologies [3][4]. - The project aims to achieve breakthroughs in core technologies and develop products with independent intellectual property rights, enhancing the company's competitive edge in the market [3][4]. Group 4: Working Capital Supplement - The company plans to use 1.1 billion yuan of the raised funds to supplement working capital, addressing the capital-intensive nature of the industry [5]. - The rapid growth in business scale has led to increased financial demands for raw material procurement, personnel salaries, and R&D expenditures, necessitating additional working capital to support future expansion [5].