CSRC approves HUIS Vacuum's listing on the Shenzhen Stock Exchange Growth Enterprise Board.

On February 28, the China Securities Regulatory Commission issued the "Approval for the Initial Public Offering of Shares of Guangdong Huicheng Vacuum Technology Co., Ltd." Huicheng Vacuum plans to list on the ChiNext board of the Shenzhen Stock Exchange, with Dongguan Securities as its sponsor institution, aiming to raise 235 million yuan. According to the prospectus, Huicheng Vacuum is a vacuum application solution provider mainly engaged in the research, development, production, sales, and technical services of vacuum coating equipment, with its main products or services being vacuum coating equipment and supporting process service support. After years of technological development and experience accumulation, the company has complete research and development and manufacturing capabilities for vacuum coating equipment, as well as coating process development capabilities, providing customized and professional vacuum coating equipment and process solutions for customers in different industries. In August 2021, the company was awarded the title of the third batch of "specialized, special, new 'little giant' enterprises" by the Ministry of Industry and Information Technology. The company focuses on vacuum coating technology and film formation technology as its core, and has long been committed to research and application of technologies such as sputtering coating, evaporation coating, ion coating, flexible winding coating, and film formation processes. The vacuum coating equipment produced by the company is widely used in various fields, including consumer electronics such as smartphones, screen displays, and optical lenses, as well as other consumer goods such as home building materials and daily necessities, industrial fields such as aviation, semiconductors, nuclear industry, tooling and wear-resistant parts, flexible films, etc., and fields such as universities, research institutions, and others. Financially, in the fiscal years 2020, 2021, 2022, and the first half of 2023, Huicheng Vacuum achieved operating revenues of approximately 392 million yuan, 534 million yuan, 571 million yuan, and 250 million yuan, respectively. During the same period, the company achieved net profits of 51.36 million yuan, 70.016 million yuan, 70.4177 million yuan, and 43.8565 million yuan, respectively.