Sino-American Silicon Products Inc. has successfully passed the IPO review of the Shanghai Stock Exchange Sci-Tech Innovation Board, making it a supplier of components for semiconductor etching and thin film deposition equipment.

On August 16, Jiangsu Pioneer Precision Technology Co., Ltd. (referred to as Pioneer Precision) passed the listing committee meeting of the Shanghai Stock Exchange Sci-Tech Innovation Board (STAR Market) for its IPO. The sponsor institution is Huatai United Securities, and the company plans to raise 587 million yuan. The prospectus shows that Pioneer Precision is a precision manufacturing expert in key components of semiconductor etching and thin film deposition equipment in China's semiconductor equipment sector. Especially in the field of etching equipment, the company is one of the few domestic suppliers that has already 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 foundation in precision component technology and innovative capabilities, actively exploring and developing new products in other areas such as photovoltaics and medical. With over 15 years of technological accumulation and independent research and development of product processes, Pioneer Precision has established five core technology platforms including precision mechanical manufacturing technology, surface treatment technology, welding technology, design and development technology of high-end devices, and customized tooling development technology. In increasingly stringent application conditions, the company continuously achieves iterative evolution of process capabilities through production practice, continuously meeting the process requirements of advanced equipment upgrades and iterations, and striving to become a globally competitive precision manufacturing enterprise. Since its establishment, Pioneer Precision has maintained close cooperation with leading Chinese equipment companies NAURA Technology Group and Advanced Micro-Fabrication Equipment Inc. China, assisting many customers in the entire process of research and development, modeling, mass production, and iteration to advanced processes. In addition to NAURA Technology Group and Advanced Micro-Fabrication Equipment Inc. China, the company has also established long-term stable strategic cooperation relationships with other leading equipment customers and end wafer manufacturing customers such as Piotech Inc., Hwatsing Technology, Semiconductor Manufacturing International Corporation, and Yitang Stock. The funds raised in this offering will mainly be used for investment in the following projects: Financially, in the fiscal years 2021, 2022, 2023, and January-March 2024, Pioneer Precision achieved operating income of approximately 424 million yuan, 470 million yuan, 558 million yuan, and 216 million yuan, respectively. During the same period, the company achieved net profits of approximately 105 million yuan, 105 million yuan, 80.275 million yuan, and 46.7848 million yuan, respectively.