Silicon Carbide Equipment Company Laplace Officially Listed!
Silicon Carbide Equipment Company Laplace Officially Listed!
On October 29, Laplace New Energy Technology Co., Ltd. (hereinafter referred to as Laplace) was officially listed on the Shanghai Stock Exchange's STAR Market.
According to the prospectus, Laplace is a provider of high-efficiency photovoltaic cell core process equipment and solutions. Its main business focuses on the research, production, and sales of high-performance thermal processing, coating, and automated equipment for photovoltaic cell manufacturing. The company also supplies semiconductor discrete device equipment and related services.
Laplace’s semiconductor discrete device products include ultra-high-temperature oxidation furnaces and ultra-high-temperature annealing furnaces for silicon carbide-based semiconductor devices. The ultra-high-temperature oxidation furnace is used for the high-temperature oxidation process of silicon carbide, enabling a chemical reaction on the surface of the silicon wafer to form an oxide film, providing passivation, buffer isolation, and protection. The ultra-high-temperature annealing furnace is used in the high-temperature annealing activation process for silicon carbide, which eliminates lattice defects, significantly improving device reliability and yield.
Financially, the prospectus shows that during the reporting period (2021, 2022, 2023, and the first half of 2024), Laplace's revenues were 104 million RMB, 1.266 billion RMB, 2.966 billion RMB, and 2.541 billion RMB, respectively, with net profits attributable to shareholders after deducting non-recurring gains and losses at -66 million RMB, 108 million RMB, 359 million RMB, and 317 million RMB.
Laplace noted that its semiconductor discrete device equipment is currently in the customer introduction and validation phase, with revenues of 0 RMB, 5.646 million RMB, 17.144 million RMB, and 21.24 million RMB for the reporting periods, indicating that this business line is in its early stages and has not yet achieved stable, large-scale sales.
Through this listing, Laplace aims to raise 1.8 billion RMB. The funds will primarily support its headquarters for photovoltaic high-end equipment R&D and production, a high-end semiconductor and photovoltaic equipment R&D and manufacturing base, and working capital. The total investment for the photovoltaic and semiconductor projects is 770 million RMB and 798 million RMB, respectively, with 600 million RMB of the funds allocated to each.
