Core Viewpoint - The article highlights the recent IPO progress of several semiconductor companies in China, indicating a growing trend in the semiconductor industry and potential investment opportunities. Group 1: IPO Progress of Semiconductor Companies - Multiple semiconductor companies, including equipment manufacturers and material suppliers, have announced their IPO advancements, such as Zhongke Instrument, Chengdu Super Pure, and Xinshi Technology [1] - Zhongke Instrument has completed its IPO counseling report and plans to list on the Beijing Stock Exchange after previously attempting to list on the Shanghai Stock Exchange [2] - Chengdu Super Pure has initiated its IPO counseling with Huatai United Securities, focusing on semiconductor etching devices and high-power laser devices [5][6] - Xinshi Technology's IPO application has been accepted by the Shanghai Stock Exchange, aiming to raise 785 million yuan for two major projects [8][12] Group 2: Company Profiles and Market Position - Zhongke Instrument specializes in dry vacuum pumps and vacuum instruments, essential for semiconductor manufacturing processes [3] - Chengdu Super Pure is recognized for its advanced surface treatment processes and high-purity materials, contributing to the semiconductor etching device market [5] - Xinshi Technology is a leading domestic manufacturer of semiconductor-grade perfluoroether rubber seals, breaking the monopoly of foreign companies in this sector [9][11] Group 3: Financial Performance and Projections - Xinshi Technology projects revenues of 130.47 million yuan and 207.55 million yuan for 2023 and 2024, respectively, with a net profit of 32.81 million yuan and 63.09 million yuan [12] - Zhongke Instrument's IPO journey reflects its strategic adjustments and readiness for the capital market, indicating strong governance and compliance [2] Group 4: Industry Trends and Competitive Landscape - The semiconductor industry in China is witnessing a shift towards domestic production capabilities, with companies like Xinshi Technology achieving significant market share and technological advancements [11][24] - The competitive landscape is evolving, with domestic firms increasingly challenging foreign dominance in critical components and technologies [11][19]

Core Viewpoint - The article discusses the progress of China National Academy of Sciences Shenyang Instrument Co., Ltd. (referred to as Zhongke Instrument) in its efforts to go public on the Beijing Stock Exchange, highlighting its growth potential and strategic importance in the high-end equipment sector [4][6]. Group 1: Company Overview - Zhongke Instrument was established in 2001 and specializes in the research, development, and sales of dry vacuum pumps and vacuum scientific instruments, serving industries such as semiconductors, optoelectronics, and new energy [4][5]. - The company has a historical background dating back to 1958, originally part of the Chinese Academy of Sciences, and has contributed to significant national technology projects [5]. Group 2: Financial Performance - In the 2024 fiscal year, Zhongke Instrument reported a revenue of 1.082 billion yuan, representing a year-on-year growth of 27.06%. The net profit reached 193 million yuan, indicating strong growth and profitability [5]. Group 3: Shareholding Structure - Zhongke Instrument is primarily controlled by Guokexiyuan Holdings Co., Ltd., which is in turn controlled by the Chinese Academy of Sciences, holding a 35.21% stake in the company [5]. Group 4: Management Changes - During the counseling period for the IPO, Zhongke Instrument made significant adjustments to its board and management, including the appointment of a new chairman and general manager [6]. Group 5: Future Prospects - The completion of the counseling work by招商证券 marks a significant milestone for Zhongke Instrument's potential listing on the Beijing Stock Exchange, which could accelerate its technology development and enhance its competitiveness in the domestic high-end equipment market [6].

Group 1 - The China Academy of Sciences Shenyang Instrument Co., Ltd. (referred to as Zhongke Instrument) has completed the counseling report for its public offering of stocks and listing on the Beijing Stock Exchange, as disclosed by the China Securities Regulatory Commission [1] - Zhongke Instrument has established a governance structure, accounting foundation, and internal control system necessary for becoming a listed company, and its key personnel are well-versed in the legal responsibilities and obligations related to the issuance and operation in the securities market [1] - The company's IPO journey has undergone several adjustments, initially applying for the Sci-Tech Innovation Board in December 2020, withdrawing the application in May 2021, and later restarting its listing plan in January 2023, ultimately deciding to change its application to the Beijing Stock Exchange by April 2025 [1] Group 2 - Zhongke Instrument primarily engages in the research, production, and sales of dry vacuum pumps and vacuum instruments, which are essential for creating a clean vacuum environment in semiconductor manufacturing processes [2] - The company's vacuum instrument products are categorized into three main types: large scientific devices, vacuum film instruments, and new material preparation equipment, with services including maintenance and technical support for these products [2] - The technical service business focuses on providing maintenance and support for dry vacuum pumps and vacuum instruments to integrated circuit and photovoltaic product manufacturers, with subsidiaries established in Shanghai and Wuhan for efficient customer service [2] Group 3 - The subsidiaries Shanghai Shangkai Instrument and Wuhan Shangkai Instrument are qualified suppliers for major integrated circuit manufacturers such as TSMC, SMIC, Changjiang Storage, and Dalian Intel, directly handling maintenance and repair orders for dry vacuum pumps [3] - These subsidiaries manage the entire process of receiving customer equipment, performing repairs, replacing parts, and testing before returning the equipment to clients [3]