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超纯科技重启IPO辅导:年入6.4亿元,董事长钱志刚等三人控股69.7%
Sou Hu Cai Jing· 2025-07-15 06:16
Group 1 - The company, Chaochun Technology, specializes in ultra-pure water treatment systems for the semiconductor industry and has been recognized as a national high-tech enterprise since its establishment in 2004 [4] - The company submitted its application for public offering and listing on the Beijing Stock Exchange on June 25, 2025, after a previous withdrawal due to late submission of supplementary materials [4] - Chaochun Technology's revenue and net profit have shown consistent growth from 2022 to 2025, with revenues of 4.29 billion, 4.81 billion, and 6.39 billion respectively, and net profits of 354.25 million, 440.03 million, and 487.33 million respectively [4] Group 2 - In 2024, Chaochun Technology's ultra-pure water treatment systems were reported to be competitive with international suppliers, serving major domestic clients in the semiconductor industry [5] - The top five clients contributed 34.55% of the company's revenue in 2024, with significant clients including Kaide Electronic Engineering Design Co., Ltd. and Yunnan Construction Fourth Engineering Co., Ltd. [7][8] Group 3 - The actual controllers and major shareholders of the company are Qian Zhigang, Wang Jun, and Liu Dewu, who collectively hold 66.44% of the company's shares as of March 31, 2025 [10] - Qian Zhigang serves as the chairman and general manager, while Wang Jun and Liu Dewu hold positions as vice chairman and vice general manager, respectively [10]
超纯科技:新三板公司研究报告:国家级“小巨人”&单项冠军,泛半导体超纯水系统国产化领军者-20250414
KAIYUAN SECURITIES· 2025-04-14 12:23
Investment Rating - The report does not explicitly state an investment rating for the company Core Insights - The company, Super Pure Technology, is recognized as a national-level "Little Giant" and a champion in the manufacturing sector, leading the domestic market in ultra-pure water systems for the semiconductor industry [1][10] - The global ultra-pure water system market is projected to grow from approximately $3 billion in 2019 to about $5 billion by 2027, with a compound annual growth rate (CAGR) of 5.8% [2][46] - The company achieved revenue of 314 million yuan and a net profit of 23.4 million yuan in the first half of 2024, with a gross margin of 21.62% [1][37] Company Overview - Super Pure Technology specializes in providing ultra-pure water treatment systems and maintenance services for high-tech industries, particularly in the semiconductor sector [1][10] - The company has been recognized for its innovation and has accumulated 41 patents, including 4 invention patents and 11 utility model patents [1][10] - The company has established long-term relationships with major clients in the semiconductor and photovoltaic industries, including well-known companies like BYD and LONGi Green Energy [12][27] Industry Analysis - The ultra-pure water market is primarily driven by demand from the electronics, semiconductor, chemical, and pharmaceutical industries [46][49] - The eastern region of China is more developed in the ultra-pure water system industry, while the western region is emerging, indicating a growing market potential [50][51] - The semiconductor industry in China is experiencing rapid growth, with significant government support and increasing domestic production capacity [67][68] Financial Performance - In 2023, the company reported a revenue of 545 million yuan, a year-on-year increase of 27.03%, and a net profit of 47.29 million yuan, up 33.50% from the previous year [37][38] - The gross margin for the company's main business segments varies, with the water treatment system achieving a gross margin of 20.58% in the first half of 2024 [38][41] - The company has shown strong cost control, with a decreasing trend in operating expenses as a percentage of revenue [41]