688082火了！易方达又出手

Core Viewpoint - The semiconductor equipment industry has seen its largest scale private placement in three years, with multiple public funds participating in the allocation, indicating strong institutional interest in the sector [2][3][10]. Group 1: Fundraising Details - Semiconductor equipment leader, Shengmei Semiconductor Equipment (Shanghai) Co., Ltd., completed a private placement raising approximately 4.482 billion yuan, with a share price of 116.11 yuan per share [5][10]. - A total of 17 institutions participated in the bidding, with all bids being valid and timely, leading to the allocation of 38.6 million shares [5][6]. - The largest allocation was to Shanghai Pudong New Industry Investment Co., Ltd., receiving 1.5 billion yuan, followed by Caitong Fund and Nord Fund with allocations of 544 million yuan and 533 million yuan, respectively [5][6]. Group 2: Use of Proceeds - The raised funds will enhance the company's R&D capabilities in semiconductor equipment, focusing on the construction of R&D and process testing platforms, high-end semiconductor equipment iteration projects, and supplementing working capital [3][11][14]. - Specific projects include the establishment of an integrated circuit equipment R&D and testing platform and further iterative development of existing equipment designs to ensure global competitive differentiation [12][13]. Group 3: Market Context and Performance - The semiconductor market experienced an 8% contraction in 2023, but is projected to grow by 12% to reach 687.3 billion USD by 2025 [15]. - Shengmei Shanghai reported a revenue of 3.265 billion yuan in the first half of the year, a year-on-year increase of over 35%, with net profit nearing 700 million yuan, reflecting strong domestic demand and effective order management [16]. - The company's revenue and net profit have consistently increased over the past several years, with revenue growing from 550 million yuan in 2018 to 5.618 billion yuan in 2024, representing an average annual growth rate exceeding 30% [16]. Group 4: Institutional Participation Trends - Major public funds, including E Fund, have been actively participating in private placements, particularly in high-growth sectors such as AI, robotics, innovative pharmaceuticals, and semiconductors, indicating a trend towards investing in "hard technology" [20][21]. - The private placement market has seen significant activity, with 28 fund companies participating in 218 projects this year, amounting to 5.864 billion yuan, which is five times the total from the previous year [20][21].