On June 30th, the application for a STAR Market IPO by Jiangsu Shenzhou Semiconductor Technology Co., Ltd. (Shenzhou Semiconductor) was accepted by the Shanghai Stock Exchange. The company aims to raise approximately 2.522 billion yuan, with Haitong Securities acting as the sponsor.
According to its prospectus, Shenzhou Semiconductor is primarily engaged in the research and development, production, sales, and technical support services for core components of key semiconductor process equipment. The company's foundation is plasma source technology, a critical semiconductor manufacturing process, through which it provides high-end plasma power supply systems and comprehensive technical support services to the semiconductor advanced process industry chain. This technology is widely used across semiconductors, photovoltaics, display panels, optical coatings, medical devices, and scientific research instruments. Within the semiconductor sector specifically, plasma source technology is an essential method for enabling advanced semiconductor chip manufacturing processes.
In the semiconductor plasma power supply system field, the company is one of the enterprises in mainland China with the most comprehensive product portfolio, most advanced technology, and most complete service offerings. Its self-developed plasma power supply system products have been applied in bulk within China's advanced process chip production lines. Concurrently, the company has completed multiple R&D projects for reserve technologies and products. Currently, the company's proprietary products have been introduced in volume to leading domestic semiconductor equipment manufacturers such as Advanced Micro-Fabrication Equipment Inc. China (AMEC), Piotech Inc., and Naura Technology Group Co.,Ltd.. These products serve top domestic chip production lines, including those of Customer C, Customer A, Customer B, and Customer D, and are compatible with advanced process lines for logic chips at 14nm and below, as well as memory chips with 2XX layers and above.
Regarding technical support services, the company has grown into a leading domestic provider of specialized technical support for plasma power supply systems. It offers services including inspection, maintenance, and performance upgrades for plasma power supply systems to major global chip production lines. Its technical support services currently cover mainstream chip production lines both in China and internationally, including Customer A, Taiwan Semiconductor Manufacturing (TSMC), Intel, Samsung Electronics, SK Hynix, Micron Technology, Texas Instruments, Customer B, Customer E, Customer C, Customer D, and China Resources Microelectronics Limited. The services also extend to renowned semiconductor equipment manufacturers worldwide, such as Applied Materials, Advanced Micro-Fabrication Equipment Inc. China (AMEC), Piotech Inc., and Naura Technology Group Co.,Ltd..
Financially, for the years 2023, 2024, and 2025, the company reported operating revenues of approximately 261 million yuan, 446 million yuan, and 654 million yuan, respectively. During the same periods, its net profits were approximately -22.32 million yuan, 136 million yuan, and 209 million yuan, respectively.
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