Core Viewpoint - TiNiu Technology Co., Ltd. has had its IPO application accepted by the Beijing Stock Exchange, with Huachuang Securities as the sponsor [2] Company Overview - TiNiu Technology specializes in the research, production, sales, and service of semiconductor cleaning equipment and central liquid supply systems, with key products including semiconductor槽式 cleaning equipment, component cleaning equipment, and related services [2] - The company serves notable clients such as Jiejie Microelectronics, Sida Semiconductor, and Huazhong University of Science and Technology [2] Financial Performance - Revenue projections for TiNiu Technology from 2022 to 2024 are as follows: 88.85 million yuan in 2022, 129 million yuan in 2023, and 148 million yuan in 2024 [3] - Net profit for the same period is projected to be 30.84 million yuan in 2022, 44.68 million yuan in 2023, and 49.08 million yuan in 2024 [3] Financial Metrics - Total assets are expected to grow from approximately 284.45 million yuan in 2022 to about 410.36 million yuan in 2024 [4] - Shareholder equity is projected to increase from 58.22 million yuan in 2022 to 139.87 million yuan in 2024 [4] - The company's debt-to-asset ratio is expected to decrease from 79.92% in 2022 to 66.79% in 2024 [5] - Revenue is anticipated to rise from 88.85 million yuan in 2022 to 147.99 million yuan in 2024, with a gross margin of 48.76% in 2024 [5] Shareholding Structure - The controlling shareholder is Kede Shun, holding 45.39% of the shares, with actual control held by Ge Linwu and Chen Jingshao, who collectively control 98.80% of the company [6] - Ge Linwu serves as the chairman and general manager, while Chen Jingshao is the R&D director [6] Key Personnel Background - Ge Linwu has extensive experience in the semiconductor industry, having held various positions in related companies since 2002 [7] - Chen Jingshao has a background in semiconductor cleaning equipment engineering, with experience in both Taiwan and Japan [8]

Core Viewpoint - Tiniu Technology plans to publicly issue up to 10.1967 million shares, aiming to raise 300 million yuan for projects related to high-end semiconductor cleaning equipment, R&D center, and marketing and technical service center [1] Group 1: Company Overview - Tiniu Technology has over 20 years of experience in the semiconductor equipment R&D and manufacturing sector, with a strong focus on core technology, quality, and service [2] - The company was established in 2004 and is one of the earliest semiconductor equipment enterprises in China, specializing in semiconductor cleaning equipment and central supply systems [4] Group 2: Financial Projections - The company expects to achieve operating revenues of 88.8518 million yuan, 129 million yuan, and 148 million yuan from 2022 to 2024, with net profits of 30.837 million yuan, 44.6838 million yuan, and 49.0849 million yuan during the same period [4] Group 3: Project Details - The high-end semiconductor cleaning equipment production base project has a total investment of 215 million yuan, with an expected annual sales revenue of 367 million yuan after reaching production capacity [1] - The R&D center construction project has a total investment of 57.3654 million yuan, aimed at enhancing R&D capabilities by introducing advanced equipment and talent [3] - The marketing and technical service center project will cost 27.2767 million yuan, with new centers planned in Shenzhen and Xi'an [3] Group 4: Market Context - The global semiconductor equipment market is dominated by foreign companies from the US, Japan, and the Netherlands, creating a highly monopolized competitive landscape [2] - Domestic companies, including Tiniu Technology, face challenges in technology level, business scale, and product diversity compared to international leaders [2]