Core Viewpoint - Zhongke Instrument's IPO application on the Beijing Stock Exchange has been accepted, aiming to raise 825 million yuan for the industrialization of dry vacuum pumps, expansion of semiconductor equipment, and the construction of a research and development center, with the goal of breaking foreign monopolies and enhancing the self-controllable capabilities of domestic integrated circuit equipment [1][3]. Company Overview - Zhongke Instrument specializes in the research, production, and sales of dry vacuum pumps and vacuum scientific instruments, along with related technical services [4]. - The company is the largest domestic manufacturer of dry vacuum pumps in the integrated circuit sector, being the only domestic enterprise to achieve mass application in advanced processes of integrated circuits [5]. Market Position - As of now, the company has shipped over 40,000 units of various dry vacuum pumps, with more than 25,000 units in the integrated circuit field. The projected market share for 2024 in this sector is approximately 12.72%, breaking the long-standing monopoly of European, American, and Japanese companies in the domestic market [5]. - The company's dry vacuum pumps meet the production needs for advanced logic chips at 14nm and 3D NAND storage processes with 128 layers or more, and have been widely applied in leading domestic wafer manufacturing enterprises [5]. Financial Data - The projected operating revenues for Zhongke Instrument from 2022 to 2024 are 698 million yuan, 852 million yuan, and 1.082 billion yuan, respectively, with corresponding net profits of 498 million yuan, 600 million yuan, and 193 million yuan [9]. - The total investment for the dry vacuum pump industrialization project is 700 million yuan, with 231 million yuan planned to be funded from the IPO proceeds, aiming to enhance production capacity to 20,040 units per year [9][11]. Investment Projects - The project for dry vacuum pump industrialization will take four years and is crucial for expanding the company's business scale and maintaining competitive advantages [11]. - Another project involves the construction of a high-end semiconductor equipment expansion and R&D center, with 474 million yuan of the raised funds allocated for it, aimed at improving technology levels and production capabilities in the high-end semiconductor equipment sector [11]. - The new generation of dry vacuum pumps and high-speed energy-saving pumps will be developed with 121 million yuan of the raised funds, targeting various markets including semiconductor, industrial vacuum, and scientific research [11].