Core Insights - Zhejiang Shenglin Yijia Technology Co., Ltd. has completed an A-round financing of 80 million yuan, led by Huixin Industrial Fund and Hongmo Capital, with continued investment from existing shareholder Zhejiang University Youchuang Venture Capital Fund [2] Company Overview - Established in 2022 and headquartered in Hangzhou, the company focuses on high-end equipment for "perovskite photovoltaic + semiconductor" vacuum thin film deposition. The core team comprises members from top domestic universities and industry leaders, possessing design experience in various 12-inch standard equipment [3] Financing Purpose - The funds will be utilized to enhance existing perovskite vapor deposition, ALD, and RPD equipment to improve film uniformity and capacity, thereby strengthening customer loyalty in the photovoltaic sector. Additionally, the company aims to accelerate the R&D of next-generation semiconductor 12-inch sputtering, ALD, and RTP models, utilizing a materials database and AI process algorithms to shorten customer validation cycles and expand pilot production lines [4] Investment Rationale - The investment partners believe that the team possesses both equipment design and production line process know-how, having already received PO validation from several leading clients. The simultaneous opening of market opportunities for GW-level perovskite production lines and domestic semiconductor equipment presents significant market potential. The current valuation is deemed reasonable, with clear performance commitments, leading to optimism about the company's potential to enter the capital market within three years [5] Investment Perspective - The rapid response of Shenglin Yijia to recent government encouragement for the application of first-generation high-end equipment is noted. The management's commitment to fulfilling their responsibilities through industry resources and order backing is emphasized. The entrepreneurial spirit of tackling challenging projects is recognized, while a reminder is given to maintain respect for the market dynamics, ensuring that quality drives out inferior products, thus sharing in the benefits of the domestic equipment golden era [6]