Core Viewpoint - Shenzhen Hengyunchang Vacuum Technology Co., Ltd. has received effective registration for its IPO on the Sci-Tech Innovation Board, aiming to raise 1.55 billion yuan for semiconductor equipment projects and working capital [2]. Company Overview - Hengyunchang was established in 2013 with a registered capital of 50.77 million yuan, specializing in core components for semiconductor equipment [2]. - The actual controller of Hengyunchang 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 [3]. Financial Performance - Projected revenues for Hengyunchang from 2022 to 2024 are 158 million yuan, 325 million yuan, and 541 million yuan, respectively [2]. - 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 [2]. - The gross profit margins for the main business are projected to be 41.65%, 46.11%, and 48.71% from 2022 to 2024 [2]. Management Compensation - In 2024, Le Weiping's salary is set at 3.18 million yuan, accounting for 36% of the total compensation for key management personnel, which amounts to 8.92 million yuan [7].