Core Viewpoint - The company Yi Tang Semiconductor Technology Co., Ltd. has filed a lawsuit against Applied Materials, Inc. for allegedly illegally obtaining and using its core technology related to plasma sources and wafer surface treatment, which constitutes a violation of the Anti-Unfair Competition Law of the People's Republic of China [1][4][5]. Group 1: Lawsuit Details - The lawsuit amount is set at RMB 99.99 million, which includes punitive damages calculated at three times the standard compensation [4][7]. - The lawsuit is based on the claim that Applied Materials unlawfully acquired and disclosed Yi Tang's trade secrets by submitting a patent application in China, naming two former employees of Yi Tang as the main inventors [1][4]. - The case has been accepted by the Beijing Intellectual Property Court but has not yet gone to trial [5][7]. Group 2: Company Background and Financial Performance - Yi Tang was established at the end of 2015 and went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in July 2023, focusing on semiconductor equipment [7]. - The company reported impressive financial performance, with revenues of RMB 4.763 billion, RMB 3.931 billion, and RMB 4.633 billion for the years 2022 to 2024, and a compound annual growth rate of 18.9% in net profit [7]. - For the first half of 2025, Yi Tang expects revenue between RMB 2.3 billion and RMB 2.5 billion, reflecting a year-on-year growth of 10.06% to 19.63%, with net profit projected between RMB 308 million and RMB 340 million, indicating a growth of 24.19% to 37.09% [7].

Core Points - N Yitang was listed today with an opening price of 26.20 yuan, representing an increase of 210.06% from the issue price [2] - The company specializes in the research, production, and sales of wafer processing equipment required for integrated circuit manufacturing, providing solutions to global semiconductor manufacturers [2] - The total number of shares issued by the company is 296 million, with an online issuance of 62.88 million shares at a price of 8.45 yuan per share, resulting in a price-to-earnings ratio of 51.55, compared to the industry average of 29.44 [2] - The effective subscription number for the online issuance was 5.1072 million, with a final winning rate of 0.05211051% [2] - The funds raised from the initial public offering amount to 2.497 billion yuan, primarily allocated for development and technology reserve funds, as well as projects related to high-end integrated circuit equipment and manufacturing service centers [2] Recent IPO Performance - N Yitang's first-day performance shows a significant increase of 210.06%, with a comparison to other recent IPOs such as Xintong Electronics and Guangxin Technology, which had first-day increases of 265.41% and 400.00% respectively [2][3] - The table of recent IPOs indicates that the electronics sector, including N Yitang, has shown strong performance, with several companies achieving substantial first-day gains [3]