According to the Wise Finance APP, Pioneer Micro-Tech (688605.SH) has released its IPO prospectus for its initial public offering of stocks and listing on the STAR Market. This time, the company will publicly issue 50.595 million shares, accounting for 25.00% of the total share capital after the issuance. The preliminary inquiry date is November 27, 2024, and the subscription date is December 2, 2024.

It is reported that the company is a precision manufacturer of key components for domestic semiconductor etching and thin film deposition equipment in the sub-segment field, especially in the etching equipment field, which is industry-recognized for its technical difficulty second only to lithography equipment. The company is one of the few domestic suppliers that have mass-produced key components for 7nm and below domestic etching equipment, directly competing with international manufacturers. While focusing on the semiconductor field, the company fully leverages its solid technical foundation and innovative capability in precision component manufacturing to actively explore and develop new products in fields such as photovoltaics and medical.

With over 15 years of technical accumulation and independent research and development of product processes, the company has established five core technical platforms including precision machinery manufacturing technology, surface treatment technology, welding technology, high-end device design and development technology, and customized tooling development technology. In increasingly stringent application conditions, through continuous iteration and evolution of process capabilities in production practice, the company consistently meets the process requirements for advanced equipment updates and iterations, striving to become a globally competitive precision manufacturing enterprise.

In addition, since its establishment, the company has maintained close cooperation with leading companies in the industry such as Naura Technology Group and Advanced Micro-fabrication Equipment Inc. China, assisting many customers' devices in experiencing the complete process of research and development, prototyping, mass production, and iteration to advanced processes as important suppliers of core components. At the same time, the company has also established long-term stable strategic cooperation relationships with other industry leaders and end wafer manufacturers such as Topband, Huahai Qingke, Semiconductor Manufacturing International Corporation, and Yitang Corporation.

The company achieved a net income attributable to shareholders of the issuer of 0.105 billion yuan, 10.5 billion yuan, and 80.275 million yuan in 2021, 2022, and 2023, respectively.

The company plans to invest the raised funds in the following projects: 1. Expansion and upgrade project of the Jingjiang precision assembly component manufacturing base, intending to use 0.164 billion yuan of the raised funds; 2. Wuxi Research Equipment Module Production and Assembly Base project, intending to use 0.254 billion yuan of the raised funds; 3. Wuxi Research Precision Manufacturing Technology R&D Center project, intending to use 74.6526 million yuan of the raised funds; 4. Supplementary working capital project, intending to use 94.9494 million yuan of the raised funds.