中国经济网北京1月28日讯 深圳市恒运昌真空技术股份有限公司（股票简称：恒运昌，股票代码： 688785）今日在上海证券交易所科创板上市。截至今日收盘，恒运昌报371.30元，涨幅302.80%，成交 额33.62亿元，振幅86.79%，换手率76.12%，总市值251.38亿元。 恒运昌是半导体设备核心零部件供应商，主要从事等离子体射频电源系统、等离子体激发装置、等离子 体直流电源、各种配件的研发、生产、销售及技术服务，并引进真空获得和流体控制等相关的核心零部 件，围绕等离子体工艺提供核心零部件整体解决方案。 本次发行前，深圳市恒运昌投资有限公司（以下简称"恒运昌投资"）持有恒运昌25.8179%股份，为恒运 昌控股股东。 本次发行前，乐卫平直接持有恒运昌11,721,312股股份，直接持股比例为23.0866%，并通过恒运昌投 资、深圳市恒运昌投资中心（有限合伙）、深圳市恒运昌投资发展中心（有限合伙）分别间接控制恒运 昌25.8179%、20.7787%和3.1895%的股份表决权，合计控制恒运昌72.8727%的股份表决权。同时，乐卫 平报告期内担任恒运昌的董事长和总经理，是恒运昌实际控制人。 恒运昌于 ...

Group 1 - The company Hengyun Chang is conducting a public offering of 16.930559 million shares, utilizing a combination of strategic placement, offline issuance, and online issuance [1] - The final number of shares for strategic placement is 3.386111 million, accounting for 20.00% of the total issuance [1] - After the strategic placement adjustment, the offline issuance comprises 9.481448 million shares, representing 70.00% of the remaining shares, while the online issuance consists of 4.063000 million shares, making up 30.00% [1] Group 2 - Hengyun Chang is a leading domestic supplier of core components for semiconductor equipment, focusing on the research, production, sales, and technical services of plasma RF power systems, plasma excitation devices, and plasma DC power supplies [1] - The company has been recognized as a national high-tech enterprise and holds 108 authorized invention patents, with 133 invention patents pending [2] - Hengyun Chang has received multiple awards, including the "IC Innovation Award" from the China Integrated Circuit Innovation Alliance and the "Core Component Innovation Award" at the 2024 "Bay Chip Awards" [2]

Core Viewpoint - The company, as a core component supplier in the semiconductor equipment industry, experiences cyclical differences in revenue recognition timing with its customers, but is currently developing steadily [1] Group 1 - The company confirmed its position as a core component supplier in the semiconductor equipment sector [1] - There are cyclical differences in revenue recognition timing between the company and its customers [1] - The company is currently experiencing stable development [1]

Group 1 - The core viewpoint of the news is that Shenzhen Hengyun Chang Vacuum Technology Co., Ltd. has received acceptance for its IPO on the Sci-Tech Innovation Board, marking its entry into the A-share market [1] - Hengyun Chang is a leading domestic supplier of core components for semiconductor equipment, focusing on the research, production, sales, and technical services of plasma RF power systems, plasma excitation devices, and plasma DC power supplies [1] - The company has a significant market valuation of 3.292 billion yuan following its last market financing in December 2023 [1] Group 2 - In 2024, Hengyun Chang is projected to achieve an operating revenue of approximately 541 million yuan, with a corresponding net profit of about 143 million yuan [1] - The company has a high customer concentration, with the top five customers accounting for 73.54%, 80.39%, and 90.62% of total operating revenue during the reporting periods [2] - Sales to the largest customer, Tuojing Technology, represented 45.23%, 58.16%, and 63.13% of total revenue in the respective years, indicating a growing dependency on this client [2]

Core Viewpoint - Shenzhen Hengyun Chang Vacuum Technology Co., Ltd. has received approval for its IPO on the Sci-Tech Innovation Board, aiming to raise 1.55 billion yuan for various projects and working capital [3]. Group 1: Company Overview - Hengyun Chang was established in 2013 with a registered capital of 50.77 million yuan and is a core component supplier for semiconductor equipment [3]. - The actual controller of Hengyun Chang is Chairman and General Manager Le Weiping, who directly holds 23.09% of the voting rights and indirectly controls a total of 72.87% of the voting rights through various investment entities [4]. Group 2: Financial Performance - Projected revenues for Hengyun Chang from 2022 to 2024 are 158 million yuan, 325 million yuan, and 541 million yuan, respectively [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be 19.81 million yuan, 69.24 million yuan, and 131 million yuan for the same period [3]. - The gross profit margins for the main business are projected to be 41.65%, 46.11%, and 48.71% from 2022 to 2024 [3].