董事长专访 | 恒运昌乐卫平：十二年“长跑”推动射频电源系统国产化

Core Viewpoint - Shenzhen Hengyunchang Vacuum Technology Co., Ltd. has successfully transitioned from a small office to a key player in the semiconductor industry, driven by confidence in China's self-reliance and a commitment to innovation [1][3][4]. Company Development - The company was founded in 2013 in a small office, focusing on plasma radio frequency power systems, which are critical for semiconductor manufacturing processes [5][6]. - Initially, the team consisted of only five members, facing challenges such as funding, talent acquisition, and market trust, yet they dedicated resources to product development despite having no revenue [5][6]. Product Evolution - In 2015, Hengyunchang launched its first generation of 1KW industrial-grade RF power supply, which faced performance issues during client testing [6]. - By 2020, the company successfully validated its plasma RF power supply system with a major client, marking a turning point that established its credibility in the industry [7][8]. Market Position - By 2024, Hengyunchang is projected to hold the largest market share among domestic manufacturers of plasma RF power systems in China, playing a crucial role in the localization of the semiconductor supply chain [8][9]. - The company's product line has evolved from the CSL series to the Bestda series, supporting 28nm processes, and now includes the Aspen series, which meets advanced process requirements down to 7nm [8][10]. Financial Performance - From 2022 to 2024, the company's revenue is expected to grow from 158 million to 541 million yuan, with net profit increasing from 26.18 million to 142 million yuan, reflecting compound annual growth rates of 84.91% and 131.87% respectively [9]. - The company has maintained a capacity utilization rate exceeding 100% during this period [9]. Future Plans - Hengyunchang plans to use funds raised from its IPO to expand production and R&D capabilities, focusing on establishing industrial bases in Shenyang and Shenzhen [9][10]. - The company aims to develop its fourth-generation products targeting processes below 5nm, striving to compete with international leaders in the semiconductor industry [10].