恒运昌科创板IPO披露第二轮审核问询函回复

Core Viewpoint - Shenzhen Hengyun Chang Vacuum Technology Co., Ltd. is a core component supplier for semiconductor equipment, focusing on the research, production, and sales of plasma RF power systems and related technologies, and is currently undergoing a second round of IPO review on the Sci-Tech Innovation Board [1][2] Group 1: Company Overview - Hengyun Chang specializes in plasma RF power systems, plasma excitation devices, and various accessories, providing comprehensive solutions for plasma processes [1] - The company aims to raise approximately 1.55 billion yuan through its IPO, with funds allocated for several projects including the industrialization of semiconductor RF power systems and the establishment of an intelligent production base for core components [1] Group 2: IPO Process - The IPO application was accepted on June 13, 2025, and entered the inquiry phase on July 6, 2025 [1] - The second round of inquiry raised questions regarding the company's revenue, reliance on a single customer, and the acquisition of Baishida [2]