Core Viewpoint - Yitang Co., Ltd. aims to leverage its recent IPO on the Sci-Tech Innovation Board to strengthen its market position in the semiconductor equipment industry and create value for investors [1][5]. Group 1: Company Overview - Yitang Co., Ltd. is a global semiconductor equipment company focused on the research, production, and sales of wafer processing equipment, including dry stripping, rapid thermal processing, and dry etching [2]. - The company has installed over 4,800 units of its products globally and serves the top ten chip manufacturers worldwide, holding a market share of 34.6% in dry stripping and ranking second globally in rapid thermal processing [2][3]. - The company's revenue for 2022, 2023, and 2024 is projected to be 4.76 billion, 3.93 billion, and 4.63 billion yuan, respectively, with net profits of 380 million, 310 million, and 540 million yuan [2]. Group 2: R&D and Technology - Yitang Co., Ltd. has a strong R&D foundation, with core technical personnel having over 20 years of experience in the semiconductor equipment industry [3]. - The company invests approximately 15.5% of its revenue in R&D, with a planned investment of 717 million yuan in 2024 [3]. - As of February 2025, Yitang Co., Ltd. holds 446 authorized patents, including 105 domestic and 341 international patents, showcasing its commitment to innovation [3]. Group 3: Market Strategy and Future Plans - The company is actively expanding its customer base and enhancing product offerings based on customer needs, aiming to increase market share [4]. - According to the International Semiconductor Industry Association, global wafer fab equipment spending is expected to grow from 2025 to 2027, which presents opportunities for Yitang Co., Ltd. to increase its market presence [4]. - The company plans to raise 2.5 billion yuan through its IPO to invest in R&D and manufacturing service centers, aiming to enhance its industrial capabilities and maintain its leading position in the industry [4].