Updates on Invested Projects
On October 28, ESWIN Advanced Materials Technology Co., Ltd. (abbreviated as: ESWIN; Stock Code: 688783) was listed on the Growth Enterprise Layer of the STAR Market of the Shanghai Stock Exchange. For this STAR Market listing, ESWIN publicly issued 538 million shares, accounting for 13.32% of the total share capital after the issuance, with an issue price of RMB 8.62 per share and a price-to-sales ratio (PSR) of 16.41 times.
ESWIN was established in March 2016, with its registered address in the High-tech Zone of Xi'an. The company is privately owned and is a leading enterprise in our province's semiconductor and integrated circuit industry chain, a unicorn company, and a national high-tech enterprise. It primarily engages in the research, development, manufacturing, and sales of 12-inch silicon monocrystal polished wafers and epitaxial wafers. ESWIN has built a core technology system covering five major process steps: crystal pulling, shaping, polishing, cleaning, and epitaxy, encompassing all process stages of 12-inch silicon wafer production. As of the end of 2024, it has been granted 539 invention patents both domestically and internationally, ranking first in the 12-inch silicon wafer field in China. This effectively addresses the bottleneck issues of core materials in the national integrated circuit industry and better serves the development of new productivity for the country.
The RMB 4.632 billion funds raised by ESWIN will be fully allocated to the construction of its second manufacturing plant. Once the project is completed, ESWIN is expected to achieve a monthly production capacity of 1.2 million 12-inch silicon wafers, which will meet over 10% of the global demand for 12-inch silicon wafers. This is expected to further raise the localization rate of such products and comprehensively enhance the competitiveness of the domestic electronic-grade silicon wafer industry chain.
On behalf of Jumbo Sheen Fund, Ms. Wang Jun and Ms. Yao Lianni attended the bell-ringing ceremony of ESWIN in person. As a core portfolio company that Jumbo Sheen Fund has made a heavy commitment to in the semiconductor track, ESWIN has achieved continuous breakthroughs with its key technologies. Coupled with its development following the STAR Market listing, the company is now standing at the strategic inflection point for leapfrog growth. Congratulations to ESWIN Advanced Materials on embarking on a new journey of development!
