Leju Finance Liu Zhiying Recently, the IPO registration of Suzhou Kema Material Technology Co., Ltd. (hereinafter referred to as Kema Technology) on the GEM came into effect, and the sponsor is CITIC Securities Co., Ltd.
According to the prospectus, Kema Technology was established in April 2009, and its main business is the research and development, manufacturing, sales, service and surface treatment services of pan-semiconductor equipment for advanced ceramic material parts, the main products include advanced ceramic material parts, etc., and provide customers with surface treatment services such as precision cleaning, anodizing and melting.
In terms of advanced ceramics, Kema Technology is one of the few enterprises in China that has mastered the core technology of the whole process of advanced ceramic parts for semiconductor equipment from material formula to parts manufacturing and realized overseas scale sales, independently developed and formed a core technology system composed of material formula and production process, and achieved domestic substitution to varying degrees in "stuck neck" products such as high-purity alumina, high-thermal conductivity aluminum nitride parts and classifier grading wheels for semiconductor equipment. It has filled the gap of China's local enterprises in the advanced ceramics industry, and a number of key technical indicators of advanced ceramic materials and parts have reached the leading domestic and international mainstream level.
In the context of the current high dependence on the import of semiconductor equipment parts, a trend of localization has been initially formed in some fields, and a number of local semiconductor equipment parts enterprises have emerged. Koma Technology is a market leader among local advanced structural ceramics companies in the semiconductor field. According to Frost & Sullivan data, in 2021, Kema Technology accounted for about 14% of the total scale of advanced structural ceramics procurement of domestic semiconductor equipment in Chinese mainland, and about 72% of the total scale of supply of local advanced structural ceramics suppliers of domestic semiconductor equipment in Chinese mainland. At the same time, the company is also one of the few advanced structural ceramics enterprises in China with a variety of ceramic materials and products that have passed the certification of the international leading semiconductor equipment manufacturer Company A.
In terms of surface treatment, Kema Technology focuses on the display panel surface treatment market in Chinese mainland and is in a leading position in the surface treatment market segment of display panel etching equipment. According to Frost & Sullivan data, in 2021, the company's market share in display panel surface treatment in Chinese mainland will be about 6%, of which the market share in the display panel etching segment will be about 14%.
In this IPO, Kema Technology plans to raise 900 million yuan, and the raised funds will be mainly used for advanced materials production base projects, pan-semiconductor core components processing and manufacturing projects, R&D center construction projects and supplementary working capital, with plans to invest 350 million yuan, 120 million yuan, 280 million yuan and 150 million yuan respectively.
In terms of performance, from 2021 to 2023, Kema Technology's operating income will be 345 million yuan, 462 million yuan and 480 million yuan respectively, and its net profit will be 67.0888 million yuan, 93.2362 million yuan and 81.8607 million yuan respectively.
In the first quarter of 2024, Kema Technology is expected to achieve operating income of about 161 million yuan, an increase of more than 40% over the same period last year; the net profit attributable to the parent company was about 49.66 million yuan, an increase of more than 246% over the same period last year; The net profit deducted from non-attributable to the parent company was about 49.19 million yuan, an increase of more than 262% over the same period last year.