Company Overview - Silicon Electric Co. has become the first semiconductor company to go public in 2025, with its stock price surging by 244.3% on the first trading day, reaching 180 CNY per share, and peaking at nearly 190 CNY [1] - The company specializes in the research, production, and sales of semiconductor equipment, particularly in the field of probe testing technology [1][2] - The IPO aims to raise approximately 545 million CNY for projects including probe station R&D, industrial base construction, sorting machine technology development, marketing network upgrades, and working capital [1] Market Position - Silicon Electric Co. has established itself as the largest probe station equipment manufacturer in mainland China, with a market share of 13% in 2019, ranking fourth overall among domestic manufacturers [2] - The company's market share has steadily increased, reaching 19.98% in 2021, 23.68% in 2022, 25.7% in 2023, and 23.3% in the first half of 2024 [2] Technological Innovation - The core technical team has over 30 years of experience in probe testing technology, enabling the company to break the monopoly of foreign manufacturers and become a significant player in the domestic market [2] - The company has obtained 246 domestic and international patents and 79 software copyrights, emphasizing its commitment to independent research and development [2] Industry Growth - The semiconductor equipment sales in mainland China have grown from 3.37 billion USD in 2013 to 36.6 billion USD in 2023, with a compound annual growth rate of 26.94% [3] - The global semiconductor equipment market is projected to reach 109 billion USD in 2024 and 127.5 billion USD in 2025, reflecting year-on-year growth of 3.4% and 17%, respectively, driven by strong demand in the artificial intelligence computing sector [3]

根据SEMI和CSA Research统计，2019年矽电股份占中国大陆探针台设备市场13%的市场份额，市场份 额排名第四，为中国大陆设备厂商第一名。根据SEMI 的统计数据以及发行人的收入规模测算，2021年 度至2024年1—6月，发行人在中国大陆地区的市场份额分别为19.98%、23.68%、25.7%及23.3%，市场 份额稳步提升。 公司高度重视科技创新，截至2024年6月30日，公司及子公司已取得境内外授权专利246项、软件著作权 79项。公司坚持自主研发，服务于独立自主可控的半导体供应链建设，在探针台领域打破境外厂商的垄 断，公司率先推出的12英寸全自动高精密晶圆探针台等高端产品也已在国内多条境内领先的半导体产线 实现产业化应用，填补了我国在该类设备上的空白。 近年来，受益于强有力的国家战略支持，密集的资本和人才投入，以及全球半导体产业第三次转移，国 内半导体专用设备企业迎来重大发展机遇。据SEMI统计，中国大陆半导体设备销售规模已由2013年的 33.70亿美元增长至2023年的366亿美元，年复合增长率26.94%。 未来增长潜力来看，根据SEMI于2024年7月的预计，随着人工智能计算领域 ...

Group 1: A-share Market Overview - The A-share market experienced narrow fluctuations in the morning, with major indices declining [1][5] - The tourism sector saw significant gains, with an overall increase of over 4%, leading to a surge in stocks hitting the daily limit [5][4] - Key stocks in the tourism sector included Zhangjiajie, Emei Mountain A, Dalian Shengya, and Tianfu Culture Tourism, all reaching the daily limit [5] Group 2: New Stock Performance - The newly listed stock, Xidian Co., saw its price surge by over 260% during the morning session, with potential gains exceeding 60,000 yuan for investors who received a subscription [10][11] - Xidian Co. specializes in the research, development, production, and sales of semiconductor testing equipment, focusing on probe testing technology [11][12] - The company has become the largest probe station equipment manufacturer in mainland China, holding a 13% market share in the probe station equipment market as of 2019 [12] Group 3: Hong Kong Market Overview - The Hong Kong market showed overall fluctuations, with stocks like Weishi Jiajie experiencing a price increase of over 19% [3][13] - Weishi Jiajie reported a revenue of 89.086 billion HKD for the fiscal year 2024, with a net profit attributable to shareholders of 1.052 billion HKD [16] - The company's AI business revenue grew by 42%, while cloud computing revenue increased by 28%, indicating strong growth in these sectors [16]

Core Viewpoint - The article discusses the upcoming IPOs of five companies in the A-share market, highlighting their business focus, financial performance, and fundraising plans. Group 1: Company Summaries - Jiangnan New Materials focuses on the research, production, and sales of copper-based new materials, with core products including copper ball series, copper oxide powder series, and high-precision copper-based heat sinks. The company aims to enhance its product competitiveness and has established a customer base among leading PCB manufacturers [2][3]. - Xidian Co., Ltd. specializes in semiconductor testing equipment, particularly in probe testing technology. The company has become the largest probe station equipment manufacturer in mainland China, with a growing market share from 13% in 2019 to 25.70% in 2023 [4][5][6]. - New Asia Cable is engaged in the research, production, and sales of electric wires and cables, with a strong brand presence in the industry. The company has seen steady revenue growth and plans to invest in smart manufacturing and marketing network projects [7]. - Victory Nano is a well-known third-party testing laboratory in the semiconductor industry, providing various analysis services. The company has experienced revenue growth and plans to enhance its testing capabilities through new projects [8][9]. - Zhejiang Huayuan focuses on customized automotive system connectors, supplying major automotive manufacturers. The company is expanding its product applications in the electric vehicle sector and has shown consistent revenue growth [10][11][12]. Group 2: Financial Performance - Jiangnan New Materials expects revenues of 62.3 billion, 68.18 billion, and 86.99 billion from 2022 to 2024, with net profits of 1.05 billion, 1.42 billion, and 1.76 billion respectively [3]. - Xidian Co., Ltd. projects revenues of 4.42 billion, 5.46 billion, and 5.08 billion from 2022 to 2024, with net profits of 1.16 billion, 0.89 billion, and 0.93 billion respectively [6]. - New Asia Cable anticipates revenues of 27.63 billion, 30.13 billion, and 28.34 billion from 2022 to 2024, with net profits of 1.1 billion, 1.64 billion, and 1.35 billion respectively [7]. - Victory Nano forecasts revenues of 2.87 billion, 3.94 billion, and 4.15 billion from 2022 to 2024, with net profits of 0.66 billion, 0.99 billion, and 0.82 billion respectively [8]. - Zhejiang Huayuan expects revenues of 4.91 billion, 5.53 billion, and 6.82 billion from 2022 to 2024, with net profits of 0.77 billion, 0.83 billion, and 1.08 billion respectively [11].