Core Viewpoint - Zhuhai Baofengtang Semiconductor Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with China Merchants Securities International as its sole sponsor [1]. Company Overview - Baofengtang specializes in the research, development, manufacturing, and sales of plasma processing equipment used in high-tech electronic fields such as PCB and semiconductor manufacturing [3]. - The company's products include plasma stripping equipment widely used in PCB manufacturing, dry etching equipment for semiconductors, and plasma cleaning equipment for semiconductor packaging [3]. - According to a Frost & Sullivan report, Baofengtang ranks among the top three in the Chinese PCB plasma stripping equipment market based on revenue generated in 2022 to 2024, holding approximately 3.9% market share in 2024 [3]. Financial Performance - The company reported revenues of approximately RMB 79.22 million, RMB 138.53 million, RMB 149.71 million, and RMB 79.18 million for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [4][5]. - The net profit and total comprehensive income for the same periods were approximately RMB 11.14 million, RMB 36.78 million, RMB 39.24 million, and RMB 14.54 million [4][5]. - The gross profit margins for the years were approximately 49.2%, 53.3%, and 50% for 2022, 2023, and 2024, respectively [5]. Customer Concentration - The company has a high customer concentration, with revenue from its largest customer accounting for 18.8%, 20.1%, 19.0%, and 29.3% of total revenue for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [4]. - Revenue from the top five customers represented 60.8%, 60.9%, 51.5%, and 70.8% of total revenue for the same periods [4].

智通财经APP获悉，据港交所9月30日披露，珠海宝丰堂半导体股份有限公司(简称：宝丰堂)向港交所主板提交上市申请，招 商证券国际为其独家保荐人。 招股书显示，宝丰堂是一家等离子处理设备制造商，专业从事PCB及半导体制造等高科技电子领域使用的等离子处理设备的 研发、制造与销售，业务遍布中国内地、东南亚、北美及欧洲等地。 公司的设备主要包括广泛应用于PCB制造、消费电子及其他行业的等离子除胶渣设备；半导体干法去胶设备及干法刻蚀设 备，以及用于半导体封装的等离子除浮渣设备；及用于等离子除胶渣设备的上下料设备。 根据弗若斯特沙利文报告，按2022年至2024年各年于中国产生的收入计，公司在中国PCB等离子除胶渣设备市场排名前三。 根据同一资料来源，按2024年于中国产生的收入计，公司在中国PCB等离子处理设备的市场份额约为3.9%。 于往绩记录期间，公司的产品于中国主要透过直销销售，并在海外市场利用经销网络补充直销。公司的产品覆盖中国、东南 亚、北美及欧洲。在中国，公司的产品销往17个省、市、自治区及特别行政区。 | 纂]項下的[編纂]數目 : [编纂]股H股(視乎[编纂]行使與否 | | --- | | 而定) | ...