华为、中芯国际联手投资，这家半导体企业要上市了

Core Viewpoint - The article highlights the acceleration of high-quality companies in the core materials and equipment sector of the semiconductor industry entering the capital market, with a focus on Shanghai Xianpu Technology Co., Ltd. starting its IPO process in the A-share market [1]. Group 1: Company Overview - Shanghai Xianpu Technology, established in 2004, specializes in gas purification for the semiconductor industry, focusing on the research, production, and sales of gas purifiers and filters [2][3]. - The company is recognized as the first domestic manufacturer of 9N-level gas purifiers, achieving a purity of 99.9999999% and capable of removing impurities to ppt (parts per trillion) levels [2][3]. - Xianpu Technology holds over 70 national patents and has contributed to national standards in gas purification technology, indicating strong technical capabilities [3]. Group 2: Market Position and Financial Performance - The company has received significant backing from key players in the semiconductor industry, including Huawei and SMIC, which reflects confidence in its technology and growth prospects [4]. - Financially, Xianpu Technology reported a revenue of 178 million yuan and a net profit of approximately 45.39 million yuan for 2024, with a strong start in Q1 2025 showing revenues of 29.6 million yuan and a net profit of about 4.33 million yuan [4]. - The global high-end electronic specialty gas market is valued at approximately $15 billion in 2023, with a projected annual growth rate of 15% over the next five years, indicating substantial market potential for domestic companies like Xianpu [4]. Group 3: Industry Context - The domestic market for high-end electronic specialty gases has grown from 5 billion yuan in 2018 to over 10 billion yuan in 2023, with a compound annual growth rate of 14.3%, highlighting the significant growth opportunity in this sector [4]. - Despite the growth, the global high-end electronic specialty gas market is still dominated by European and American companies, with domestic firms holding only 15% market share, suggesting a large potential for domestic substitution [4].