国产硅片龙头冲刺北交所

Core Viewpoint - The article highlights that Zhongxin Jingyuan, a leading semiconductor silicon wafer company in Hangzhou, has officially initiated its IPO process on the Beijing Stock Exchange, marking a significant step in its market-oriented development and emphasizing the acceleration of domestic large silicon wafer companies in breaking international monopolies [1]. Group 1: IPO Process and Market Position - Zhongxin Jingyuan has completed the counseling registration with the Zhejiang Securities Regulatory Bureau and is being guided by Caitong Securities for its IPO on the Beijing Stock Exchange [1][2]. - The choice of the Beijing Stock Exchange aligns with the company's development stage and capital market positioning, as it is currently in a critical phase of releasing 12-inch production capacity [2][3]. - The company aims to leverage the supportive policies for innovative small and medium-sized enterprises on the Beijing Stock Exchange to enhance its technological iteration and capacity expansion [2]. Group 2: Technological Advancements and Production Capacity - Zhongxin Jingyuan has achieved full-chain technological breakthroughs in the semiconductor silicon wafer field, with a production network across four locations, including a significant base in Lishui, Zhejiang [3]. - The Lishui base is set to become the largest production site for 8-12 inch silicon epitaxial wafers in China, with a total investment of 5.8 billion yuan and a planned monthly production capacity of 800,000 wafers by the end of 2027 [3][6]. - The company has received 285 authorized patents, with a focus on increasing R&D investment, which is projected to reach 13% of revenue by 2024 [6][7]. Group 3: Financial Performance and Market Impact - In 2024, the company's revenue is expected to reach 1.35 billion yuan, reflecting a year-on-year growth of 7%, with a significant increase in 12-inch wafer sales in the first quarter of 2025 [7]. - The company has achieved a historical monthly sales milestone of over 1 million wafers in May 2025, with a five-year compound growth rate of 32% [7]. - The rise of Zhongxin Jingyuan is anticipated to enhance the domestic silicon wafer market's import substitution rate, which is currently below 20%, thereby strengthening the foundation for "Made in China" [7].