Asia Electric Technology's sci-tech innovation board IPO "terminated", the market share of slot-type wet cleaning equipment ranks second among domestic brands.

On January 14th, Jiangsu Yadi Technology Co., Ltd. (referred to as Yadi Technology) had its IPO review status on the Shanghai Stock Exchange's Science and Technology Innovation Board changed to "terminated." This is because Yadi Technology and its sponsors withdrew their application for a stock listing, leading to the Shanghai Stock Exchange terminating the review of their listing. According to the prospectus, Yadi Technology is a leading domestic supplier of wet cleaning equipment, mainly engaged in the research, development, production, and sales of wet cleaning equipment in the silicon-based semiconductor, compound semiconductor, and photovoltaic fields. The company's products are mainly used in the wet cleaning process of the semiconductor front-end wafer manufacturing process, helping to realize the localization and technological breakthrough of core semiconductor process equipment in China. Based on the technological accumulation in the silicon-based semiconductor field and the technological homogeneity of wet equipment, the company's products have expanded to applications in compound semiconductors, photovoltaics, and other fields, forming a core wet process equipment product system with technological advantages. The company focuses on the research, development, production, and sales of products with independent intellectual property rights, covering mainstream wafer sizes in the market such as 8 inches and 12 inches, and fully covering mature process wet cleaning core process scenarios. Yadi Technology continues to advance the technological verification and industrial application of advanced process products. Since its establishment, the company has been deeply involved in the domestic semiconductor localization process, providing systematic wet equipment and process solutions to several mainstream silicon-based semiconductor, compound semiconductor wafer factories, and photovoltaic manufacturers, playing an important role in production lines. As of now, the company's customers cover leading companies in the industry such as SenseLink Integration, Zhuzhou CRRC Times Electric, BYD Company Limited, China Resources Microelectronics, Sanan Optoelectronics, Customer A, Qingdao Xin'en, Maxscend Microelectronics, Hua Hong Semiconductor, LONGi Green Energy Technology, etc., achieving domestic technological breakthroughs in some wet cleaning special processes and cutting-edge technology products, helping customers achieve localization. Compared with other companies in the industry, the company continues to adhere to a differentiated competitive route through independent research and development, focusing on wet cleaning equipment since its establishment, focusing on mature processes in the early stages of industrialization, and gradually becoming one of the major suppliers in the field of tank cleaning equipment. The company is one of the few companies in China that covers all three downstream application areas, providing wet cleaning equipment specifically for leading downstream silicon-based semiconductor wafer manufacturers, compound semiconductor manufacturers, and photovoltaic manufacturers in batch. The semiconductor cleaning equipment developed by the company has achieved comprehensive coverage of mainstream wafer sizes in the market, meeting all wet process needs of tank equipment and single chip devices above 28nm. The technological capability and market position of the company's tank-type silicon-based semiconductor and compound semiconductor cleaning equipment rank among the top domestic brands. According to the Frost & Sullivan report on the independent market research of the Chinese and global semiconductor wet processing equipment industry, by 2024, the company's domestic market share of tank wet cleaning equipment ranks second among domestic brands. In the field of advanced processes, the company has also made breakthroughs in research and development, continuously achieving breakthroughs in core technology. In terms of finance, in the years 2022, 2023, 2024, and January-June 2025, the company achieved operating income of approximately 121 million yuan, 442 million yuan, 580 million yuan, and 267 million yuan respectively. During the same periods, the net profit was -93.99 million yuan, 10.36 million yuan, 85.12 million yuan, and 11.05 million yuan respectively.