New Stock News | Guona Semiconductor Advances in Submitting Application to Hong Kong Stock Exchange as China's Leading Local Provider of Intelligent Semiconductor Transmission Systems

According to the disclosure by the Hong Kong Stock Exchange on May 29, Shanghai Guona Semiconductor Technology Co., Ltd. (referred to as Guona Semiconductor) has submitted an application to list on the main board of the Hong Kong Stock Exchange, with GUOTAI JUNAN I as its exclusive sponsor. Guona Semiconductor is a leading Chinese local provider of intelligent semiconductor transfer system, and the only local enterprise in China that can provide large-scale full-process intelligent semiconductor transfer system. Company Profile Guona Semiconductor follows the national industrial policy of promoting the localization of semiconductor equipment in China, adopting an integrated business model, focusing on the research and development, manufacturing, and sales of wafer transfer equipment (including equipment front-end wafer transfer modules (EFEM), wafer sorters, and related components) and automatic material handling systems (AMHS) for semiconductor front-end equipment manufacturers and wafer fabs. According to Frost & Sullivan data, in terms of revenue, Guona Semiconductor ranks second among domestic enterprises in the Chinese 2025 intelligent semiconductor transfer system market and wafer transfer equipment market, with market shares of 2.7% and 6.3% respectively. In terms of revenue, the company also ranks first among domestic enterprises in the Chinese 2025 12-inch wafer manufacturing field wafer transfer equipment market, with a market share of 7.8%. In addition, the company manufactures and sells semiconductor packaging automation equipment for semiconductor backend manufacturers, and provides technical services to wafer fabs and semiconductor equipment manufacturers. Guona Semiconductor adopts an integrated business model, with research and development, manufacturing, and sales of intelligent semiconductor transfer systems and related components essential for semiconductor manufacturing facilities as its core business, supplemented by technical services. Since its establishment, the company has been focused on making the wafer transfer process in advanced semiconductor manufacturing more precise, clean, and efficient. The company generates revenue through the sale of equipment, components, and technical services. In December 2023, Guona Semiconductor acquired a Malaysian company, Waftech, which is engaged in the research, development, manufacturing, and sales of semiconductor packaging automation equipment. Waftech has a mature international sales network, providing services to semiconductor manufacturers in multiple countries and regions. This acquisition expanded the company's product line to the backend area of the semiconductor value chain and enhanced the company's ability to serve international customers. Through continuous investment in research and development, Guona Semiconductor has independently developed hardware and core control software. In terms of hardware, the company is able to supply up to 90% of the key components of equipment front-end wafer transfer modules (EFEM), placing the company at the forefront of the domestic industry. In software, the company adheres to a strategy of independently developing control software and has expanded its software capabilities to its entire product portfolio. All products have achieved integrated delivery of software and hardware. The company's products and services are critical to many aspects of semiconductor manufacturing processes, establishing close connections with key stakeholders in the semiconductor value chain. In the front-end processes, the company is mainly engaged in the research, development, production, and sales of wafer transfer equipment (including equipment front-end wafer transfer modules (EFEM), wafer sorters, and related components), as well as automatic material handling systems (AMHS) for semiconductor equipment manufacturers and wafer fabs. In the backend processes, the company mainly produces and sells semiconductor packaging automation equipment for semiconductor backend manufacturers. The company also provides technical services such as maintenance and repair to wafer fabs and semiconductor equipment manufacturers, and sells components. Guona Semiconductor has built an internationalization strategy centered on China, radiating globally. With mature production bases in China and Malaysia and a wide range of international customer resources, it has provided a reliable access path and customer trust foundation for the entry of its self-owned brand products into overseas markets. Based on this foundation, the company's overseas business has actively promoted the diversification of its product structure, forming a more diversified product portfolio. Guona Semiconductor operates two production bases in China and one production base in Malaysia, specializing in the production of intelligent semiconductor transfer systems and semiconductor packaging automation equipment. As of December 31, 2025, the total building area of the company's production bases was 59,794 square meters. The company's manufacturing operations are integrated with digital processes and real-time monitoring systems to enhance process accuracy, maintain production stability, and achieve economies of scale. Financial Data Revenue In the fiscal years 2023, 2024, and 2025, the company achieved revenues of approximately RMB 133 million, RMB 309 million, and RMB 522 million respectively. Gross Profit and Gross Profit Margin In the fiscal years 2023, 2024, and 2025, the company recorded gross profits of approximately RMB 35.737 million, RMB 91.494 million, and RMB 157 million respectively, with corresponding gross profit margins of 26.8%, 29.6%, and 30.1%. Net Loss In the fiscal years 2023, 2024, and 2025, the company reported net losses of approximately RMB 81.82 million, RMB 63.588 million, and RMB 12.73 million respectively. Industry Overview With the speed increase in the construction of 12-inch wafer fabs in China, the continuous advancement of fab-level automation and digital transformation, and the increasing requirements for production line efficiency, cleanliness control, and logistics stability, the market size of the Chinese intelligent semiconductor transfer system is expected to achieve rapid growth from 2021 to 2025. The market size is projected to increase from RMB 7 billion in 2021 to RMB 14.6 billion in 2025, with a compound annual growth rate of 20.2%. The growth is mainly driven by the concentrated production of new wafer fabs, leading to strong demand for end-to-end automatic material handling and wafer transfer solutions, while the continued application of advanced automation technology accelerates market penetration and system upgrade cycles. As China's semiconductor manufacturing capacity shifts to advanced process nodes, the industry is transitioning from the stage of new capacity construction to a stage of simultaneous expansion and structural efficiency improvement. Therefore, the demand for intelligent transfer systems is expected to extend from new wafer fabs to capacity expansion projects, old fab renovations, and the intelligent operation and maintenance upgrade of existing wafer fabs. Additionally, the more widespread adoption of intelligent technologies such as AI-driven production scheduling, real-time equipment status monitoring, and predictive maintenance is expected to further enhance the value proposition of systems and support sustained market growth. The market size of the Chinese intelligent semiconductor transfer system is expected to continue to grow at a compound annual growth rate of 13.4% from 2026 to 2030, increasing from RMB 16.4 billion in 2026 to RMB 27.2 billion in 2030. As global wafer fabs continue to expand, advanced processes require higher cleanliness and production speed, and digitalization and intelligent management of wafer fabs accelerate, the global market size of intelligent semiconductor transfer systems is projected to achieve rapid growth from 2021 to 2025. The market size is expected to increase from RMB 28.2 billion in 2021 to RMB 38.9 billion in 2025, with a compound annual growth rate of 8.4%. This growth is primarily driven by the demand for higher levels of automation and stronger system coordination in new and expanded 12-inch wafer fabs, promoting the deeper integration of intelligent transfer systems into the entire fab transmission and production scheduling system. Looking ahead, as intelligent technologies like AI are gradually applied in production scheduling optimization, equipment state monitoring, and predictive maintenance, the value proposition of intelligent transfer systems is expected to further increase, driving the release of automated upgrade demands in existing wafer fabs. The global market size of intelligent semiconductor transfer systems is expected to continue to grow at a compound annual growth rate of 9.4% from 2026 to 2030, increasing from RMB 43 billion in 2026 to RMB 61.6 billion in 2030. Board of Directors Information The company's board of directors currently consists of nine directors, including three executive directors, three non-executive directors, and three independent non-executive directors. Directors serve a term of three years and must stand for reelection after stepping down. The board of directors is responsible for and has general powers over the management and operation of the company's business, including formulating the company's business strategy and investment plans, implementing resolutions passed by shareholders' meetings, and exercising other powers, functions, and responsibilities conferred by the Articles of Association. The board of directors is also responsible for formulating and reviewing the company's corporate governance, risk management, internal control, compliance with laws and regulations, policies, and routine responsibilities. Shareholding Structure Ms. Ye, an executive director, chairman of the board, and CEO, holds 24.87%, 16.59%, and 13.28% of the shares through Shanghai Shixin, Shanghai Zhushi, and Shanghai Haotang respectively, totaling 54.74%. Other pre-listing investors collectively hold 45.26% of the shares. Shanghai Shixin, Shanghai Zhushi, and Shanghai Haotang are each controlled by Ningbo Silicon Blue as a general partner. Ningbo Silicon Blue is owned by Ms. Ye with 99% interest. Among the 19,790,908 shares held by Ms. Ye through controlled entities: (i) 8,990,908 shares are held by Shanghai Shixin, which is controlled by Ningbo Silicon Blue as a general partner; (ii) 6,000,000 shares are held by Shanghai Zhushi, which is controlled by Ningbo Silicon Blue as a general partner; and (iii) 4,800,000 shares are held by Shanghai Haotang, which is controlled by Ningbo Silicon Blue as a general partner. Ningbo Silicon Blue is owned by Ms. Ye with 99% interest. Advisory Team Exclusive Sponsor: GUOTAI JUNAN Financing Limited Company Legal Advisors: For Hong Kong law: Norton Rose Fulbright Hong Kong; For Chinese law: Beijing Deheng Law Firm Exclusive Sponsor Legal Advisors: For Hong Kong law: Han Kun Law Offices; For Chinese law: Tianyuan Law Firm Reporting Accountants and Auditor: KPMG Certified Public Accountants Industry Consultant: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch Property Valuer: Aihua Di Appraisal Consulting Co., Ltd. Compliance Advisors: SOMERLEY CAP Limited