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].