Core Viewpoint - Xi'an Yiswei Material Technology Co., Ltd. successfully completed its IPO on the Sci-Tech Innovation Board, raising approximately 4.636 billion yuan, marking it as the largest IPO in Shaanxi Province in 2025 and the second largest in A-shares this year, following Huadian New Energy [2][4]. Group 1: IPO Details - The IPO price was set at 8.62 yuan per share, with a total issuance of 53.78 million shares, resulting in a net fundraising amount of about 4.507 billion yuan [2]. - The issuance was met with high enthusiasm from the market, with nearly 80% of investors with access to the Sci-Tech Growth tier participating in the online subscription [4]. Group 2: Strategic Support and Investment - Notable participation from national and local investment funds, including the National Integrated Circuit Industry Investment Fund (Phase II) and the Shaanxi Integrated Circuit Fund, indicates strong recognition of the company's long-term value [4]. - Xi'an Yiswei's largest shareholder, Xian High-tech Investment, held a 9.06% stake prior to the IPO, highlighting its role as an "angel investor" [4]. Group 3: Technological Advancements - The company has established a comprehensive technical system covering five core processes: crystal growth, shaping, polishing, cleaning, and epitaxy, positioning itself as a representative of "hard technology" in the domestic 12-inch silicon wafer sector [6]. - As of June 2025, Xi'an Yiswei has applied for a total of 1,843 domestic and international patents, with over 80% being invention patents, and has received authorization for 799 patents, with more than 70% being invention patents [6]. Group 4: Market Position and Client Base - Xi'an Yiswei has rapidly evolved from a new entrant to a significant player in the global 12-inch silicon wafer market, achieving full coverage of domestic and international first-tier clients [7]. - The company ranks as the top or second supplier of 12-inch silicon wafers to major domestic storage IDM manufacturers and is the leading supplier to first-tier logic wafer foundries in mainland China [7]. Group 5: Production Capacity and Future Plans - The first factory's production capacity has been increased from 500,000 wafers per month to 640,000 wafers per month as of June 2025, while the second factory has reached a capacity of 110,000 wafers per month [8]. - By 2026, the combined production capacity of both factories is expected to exceed 1.2 million wafers per month, aiming for a global market share of over 10%, which will significantly alleviate the supply-demand imbalance in the domestic 12-inch silicon wafer market [10].
西安奕材科创板发行圆满收官，募资45.07亿元剑指全球硅片市场