【IPO一线】再冲资本市场！光刻机核心部件商华卓精科重启 IPO 辅导

Core Viewpoint - Huazhuo Precision Technology Co., Ltd. is restarting its IPO process after two years, coinciding with increased domestic semiconductor equipment policies and surging market demand [1][3] Company Overview - Established in May 2012, Huazhuo Precision focuses on ultra-precision measurement and control technology, providing core components for photolithography machines [2] - The company has a domestic market share exceeding 60% for its self-developed nano-level dual workpiece stage, which has achieved a positioning accuracy at the nanometer level [2] - Huazhuo's JB-300 wafer-level bonding equipment supports 8/12 inch wafer processing and is priced 40% lower than foreign products, capturing a 12% market share in 2024 [2] Financial Performance - Benefiting from the surge in equipment demand driven by AI computing, Huazhuo is projected to achieve a significant profit increase in 2025, with net profit expected to reach between 165 million to 207 million yuan, representing a year-on-year growth of 134% to 194% [2] - The company's non-recurring net profit is anticipated to grow by 152% to 218% year-on-year, driven by product structure optimization and high-margin business expansion [2] Industry Context - The restart of the IPO occurs during a golden development period for domestic semiconductor equipment, with the first phase of the National Integrated Circuit Industry Investment Fund raising 93 billion yuan fully allocated to photolithography and core component sectors [3] - The Ministry of Industry and Information Technology is offering up to 15% subsidies for domestic equipment procurement, enhancing market conditions [3] - SEMI forecasts that global semiconductor manufacturing equipment sales will reach 145 billion USD by 2026, with China's market growth expected to be five times the global average [3]