Core Viewpoint - Shenzhen Hengyun Chang Vacuum Technology Co., Ltd. has officially initiated its A-share listing process on the Shanghai Stock Exchange's Sci-Tech Innovation Board, aiming to raise 1.469 billion yuan through the issuance of 16.930559 million shares, which will account for 25.01% of the total post-issue share capital [1] Group 1: Company Overview - Hengyun Chang is a leading supplier of core components for semiconductor equipment, focusing on plasma radio frequency power systems, which are considered a critical and technically challenging segment of the semiconductor industry [1][2] - The company has developed three generations of products (CSL, Bestda, Aspen) over ten years, successfully breaking the long-standing monopoly of two major American companies, MKS and AE, in the domestic market [2] Group 2: Technological Advancements - The second-generation Bestda series supports 28nm processes, while the third-generation Aspen series supports advanced processes of 7-14nm, achieving international advanced levels and filling domestic gaps [2] - Hengyun Chang has established a comprehensive independent technology system covering key technologies such as signal sampling and processing, phase locking, and synchronous control, with a total of 261 authorized patents as of June 30, 2025 [2] Group 3: Market Position and Growth - The company has secured strong strategic partnerships with leading domestic semiconductor equipment manufacturers, becoming a core supplier in critical processes such as thin film deposition and etching [3] - From 2022 to 2024, Hengyun Chang's revenue is projected to grow from 158 million yuan to 541 million yuan, with net profit increasing from 20 million yuan to 129 million yuan, indicating robust growth potential [3] - The gross profit margin for the main business is expected to rise from 41.49% in 2022 to 48.51% in 2024, driven by an increasing proportion of high-margin self-developed products [3] Group 4: IPO and Future Plans - The IPO proceeds will focus on capacity expansion and technological advancements, positioning the company to capitalize on the growth opportunities in the semiconductor industry [3] - The implementation of the fundraising projects is expected to enhance production scale, strengthen R&D investment, improve customer support capabilities, and expand capital strength, further solidifying the company's leading position in the plasma radio frequency power system sector [3]
恒运昌发布招股意向书 募资14.69亿元卡位行业增长红利
Zheng Quan Shi Bao Wang·2026-01-08 02:34