破解 “卡脖子” 难题！半导体精密运动系统 “隐形冠军” 冲刺 A 股

Core Viewpoint - The article highlights the progress of Shanghai Yinguang Semiconductor Technology Co., Ltd. in its IPO process, emphasizing its role in the domestic semiconductor equipment industry amid the trend of local substitution [1]. Company Overview - Shanghai Yinguang Semiconductor was established in January 2019 with a registered capital of 42 million yuan. The company is co-founded by Wu Liwei and Yang Xiaofeng, who have strong academic backgrounds from Shanghai Jiao Tong University and Fudan University, respectively [2][3]. - The company has a significant shareholding structure, with Yang Xiaofeng holding a combined 34.783% stake, making him the actual controller [2]. Business Development - Yinguang Semiconductor quickly secured its first order for a film thickness detection motion platform after completing its registration, demonstrating rapid conversion of technological achievements into industrial applications [3]. - The company has maintained steady growth, delivering over 200 units of its products and successfully entering international markets [3]. Technological Capabilities - Yinguang Semiconductor has developed a comprehensive R&D system for precision motion equipment, sensors, and actuators, with advanced testing platforms and specialized tools [3]. - The company’s core products, such as multi-axis semiconductor micro-nano precision high-performance motion platforms, are domestically leading in technology and competitive with international peers like PI and Newport [3][5]. Market Position and Recognition - The company has a team of over 400 people and a strong intellectual property portfolio, with over 400 applications and more than 300 patents, establishing a solid technological moat [5]. - In 2024, Yinguang Semiconductor was awarded the title of "National Specialized and Innovative 'Little Giant'" and was included in the latest list of national key "Little Giant" enterprises, highlighting its leading position in the semiconductor core component sector [5]. Industry Context - The global semiconductor manufacturing equipment market is expected to reach $121 billion by 2025, with China's semiconductor equipment market projected to be $37.5 billion in 2024. However, the domestic core component sector faces challenges with low localization rates [5][6]. - The rise of companies like Yinguang Semiconductor is expected to enhance the resilience and competitiveness of the domestic supply chain, supporting the transition from single-point breakthroughs to comprehensive coverage in the semiconductor equipment sector [6].