Core Viewpoint - The first batch of three new stocks listed on the Sci-Tech Innovation Board, with N Yicai-U achieving a significant first-day increase of 198.72%, indicating strong market interest and potential for growth in the semiconductor sector [1][2]. Company Overview - N Yicai-U has a market capitalization exceeding 100 billion yuan, ranking second in the Sci-Tech Innovation Board, only behind Cambricon Technologies [1][2]. - The company specializes in the research, production, and sales of 12-inch silicon wafers, positioning itself as the largest in mainland China and the sixth globally, with a market share of approximately 6% and 7% in monthly shipment volume and production capacity, respectively [3]. Financial Performance - N Yicai-U's revenue is projected to grow from 1.055 billion yuan in 2022 to 2.121 billion yuan in 2024, reflecting a compound annual growth rate of 41.83% [5]. - The company has maintained positive cash flow since 2022, indicating strong operational performance [5]. - Compared to peers, N Yicai-U has achieved consistent revenue growth despite fluctuations in the semiconductor cycle, with expectations of profitability by 2027 [5]. Market Position and Future Prospects - The company aims to increase its global market share in 12-inch silicon wafers to over 10% by 2026, enhancing its position among leading manufacturers [3]. - N Yicai-U is actively developing high-performance specialized logic chips for AI applications, indicating a strategic focus on advanced technology and market needs [3][4]. - The establishment of a second factory, funded by the recent IPO, is expected to bolster local supply chains and enhance competitiveness in the domestic electronic-grade silicon wafer industry [4].
大涨198.72%！N奕材-U上市首日市值突破千亿，跻身科创板A股市值前十