Core Viewpoint - The semiconductor industry's focus on self-sufficiency has led to companies like China Academy of Sciences Shenyang Instrument Co., Ltd. (referred to as "Zhongke Instrument") accelerating their entry into the capital market, with successful listing on the Beijing Stock Exchange on January 16, 2026 [1]. Group 1: Business Overview - Zhongke Instrument focuses on two core sectors, achieving significant breakthroughs in critical areas. In the dry vacuum pump sector, the company has disrupted the long-standing market dominance of European, American, and Japanese firms, particularly in equipment required for advanced semiconductor processes [5]. - The company's products meet the needs of 14nm advanced logic chips and 128-layer and above 3D NAND memory processes, making it the largest domestic supplier of dry vacuum pumps in the integrated circuit field, covering both advanced processes and all process scenarios [5]. - Zhongke Instrument has established three national-level R&D platforms and has won six National Science and Technology Progress Awards, with 100 invention patents as of June 30, 2025 [5]. Group 2: Financial Performance - The company has shown steady revenue growth, achieving revenues of 698 million, 852 million, 1.082 billion, and 574 million respectively over the reporting periods, with net profits remaining stable between 60 million to 88 million [6]. - The IPO aims to raise 825 million, which will be fully invested in the industrialization of dry vacuum pumps, expansion of high-end semiconductor equipment, and the establishment of a new R&D center [7]. Group 3: Project Investment - The total investment for the projects is approximately 129.49 million, with 82.55 million planned to be funded through the IPO. The projects include dry vacuum pump industrialization, high-end semiconductor equipment expansion, and the development of a new generation of dry vacuum pumps [8].