With this IPO, Pioneer Precision plans to raise 700 million yuan, which will be invested in four projects: the Jingjiang Precision Assembly Parts Manufacturing Base Expansion and Upgrading Project, the Wuxi Xianyan Equipment Module Production and Assembly Base Project, the Wuxi Xianyan Precision Manufacturing Technology R&D Center Project, and additional working capital projects, of which the supplementary amount is as high as 208 million yuan, accounting for nearly 30% of the funds raised.
The prospectus shows that Pioneer Precision is a precision manufacturer of key components in the semiconductor etching and thin film deposition equipment segment. It is also one of the few domestic suppliers that has mass-produced and supplied key components for domestic etching equipment of 7nm and below. The company's products are precision components used in the semiconductor equipment field and other fields.
In the field of domestic CCP high-capacitance and high-energy plasma etching, Pioneer Precision's mass-produced chambers have been used in 7nm and below chip etching equipment; in the field of domestic LED chip etching, the company is the core supplier of equipment reaction chamber kits; in the field of gallium nitride-based LED MOCVD and 12-inch PECVD, the company is the core supplier of key components such as air distribution disks.
Since its establishment, Pioneer Jingke has established a close cooperative relationship with China Northern Huachuang and China Microelectronics Corporation.The key process component is "air-uniform water cooling plate". In addition, Pioneer Jingke has also established long-term strategic cooperative relationships with other companies in the industry such as Tuojing Technology, Huahai Qingke, SMIC, and Yitang Technology.
In terms of performance, from 2021 to 2023, Pioneer Precision achieved operating income of 424 million yuan, 470 million yuan and 558 million yuan respectively, and net profits attributable to the parent company were 105.2 million yuan, 104.8 million yuan and 80.27 million yuan. From January to September 2024, the company's total operating income reached 869 million yuan, a year-on-year increase of 133.12%; the net profit attributable to the parent company was 175 million yuan, a year-on-year increase of 249.03%.
ANNA