Laying out the MicroLED field, Tuojing Technology’s private placement was approved by the Shanghai Stock Exchange

On March 30, the official website of the Shanghai Stock Exchange showed that Tuojing Technology Co., Ltd. (referred to as: Tuojing Technology) issued shares to specific targets and was approved by the Listing Review Center of the Shanghai Stock Exchange.

It is reported that the number of shares Tuojing Technology intends to issue to specific targets will not exceed 30% of the company's total share capital before the issuance, that is, no more than 84,349,179 shares. The sponsor is CITIC Securities.

The total amount of funds raised in this private placement will not exceed RMB 4.60 billion. The net amount of funds raised after deducting issuance expenses will be focused on the construction of high-end semiconductor equipment industrialization bases and cutting-edge technology R&D center construction projects, and will supplement working capital. Among them, cutting-edge technology research and development will cover various high-end thin film deposition equipment.

Public information shows that Tuojing Technology was established in April 2010. It is a national high-tech enterprise mainly engaged in the research and development, production, sales and technical services of semiconductor special equipment. Currently, the company has established subsidiaries in Beijing, Shanghai, Haining, Qingdao, Shenyang and other places, as well as the United States, BVI, Singapore, and Japan.

Tuojing Technology has built a complete product matrix. Its main products include plasma enhanced chemical vapor deposition (PECVD) equipment, atomic layer deposition (ALD) equipment, sub-atmospheric pressure chemical vapor deposition (SACVD) equipment and other series. Its product applications cover high-end technology fields such as Micro LED and Micro OLED display.

In addition to Micro LED related applications, Tuojing Technology's products are also widely used in many high-end fields such as integrated circuit wafer manufacturing, advanced storage and advanced packaging, HBM, MEMS, etc., and have entered more than 70 production lines in more than 20 regions including Beijing, Shanghai, Wuhan, Hefei, Tianjin, and Taiwan.

In terms of performance, in 2025, the company will achieve operating income of approximately 6.519 billion yuan, a year-on-year increase of approximately 58.87%; net profit attributable to owners of the parent company is approximately 929 million yuan, a year-on-year increase of approximately 35.05%; net profit attributable to owners of the parent company after deducting non-recurring gains and losses is approximately 726 million yuan, a year-on-year increase of approximately 103.79%.

During the reporting period, operating income increased by 58.87% year-on-year, mainly because the company's product competitiveness continued to improve. The company's advanced process equipment such as PECVD, ALD, SACVD, HDPCVD, which are used in the fields of advanced storage and advanced logic, entered large-scale mass production and realized revenue conversion; advanced bonding equipment made key breakthroughs in customer expansion, and sales revenue achieved substantial growth. (Compiled by LEDinside)

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