Core Viewpoint - Jiangsu Yadian Technology Co., Ltd. (Yadian Technology) has officially submitted its IPO application to the Shanghai Stock Exchange, aiming to raise 950 million yuan for the development of advanced semiconductor cleaning equipment and related projects [1][3]. Group 1: Company Overview - Yadian Technology is a leading supplier of wet cleaning equipment in China, focusing on the research, production, and sales of equipment used in silicon-based semiconductors, compound semiconductors, and photovoltaic fields [1][4]. - The company's products are essential in the wet cleaning process during the front-end manufacturing of semiconductor wafers, directly impacting the integrity, purity, and yield of subsequent manufacturing processes [1][2]. Group 2: Technology and Market Position - Yadian Technology has developed key core technologies in the semiconductor wet cleaning equipment sector, enhancing wafer cleaning capabilities, efficiency, and equipment stability [2]. - The company ranks second among domestic brands in the market share of slot-type wet cleaning equipment, according to a report by Frost & Sullivan [2]. - Yadian Technology's revenue has shown significant growth, with figures of 121 million yuan in 2022, 442 million yuan in 2023, and projected 598 million yuan in 2024, alongside a turnaround in net profit from a loss of 93.99 million yuan in 2022 to a profit of 85.12 million yuan in 2024 [2]. Group 3: Future Strategy and Goals - The company aims to become a leading supplier of semiconductor wet process equipment in China, focusing on customer-centric product development and continuous innovation [4]. - Future projects include enhancing production and delivery capabilities for both semiconductor and photovoltaic wet cleaning equipment, as well as advancing the research and development of cutting-edge cleaning technologies [3][4].