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HCVAC: First Chinese PVD Coating Equipment Firm Listed (June 5, 2024)

2024-06-13

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At 9:25 AM on June 5, with a resonant and powerful gong strike, Guangdong Huicheng Vacuum Technology Co., Ltd. successfully launched its initial public offering and was listed on the Shenzhen Stock Exchange's Growth Enterprise Market.

Going public enables a company to raise capital, enhance its brand, reward investors, attract top talent, improve governance, strengthen market position, and pursue growth opportunities through mergers and acquisitions.

Huicheng Vacuum (Stock Code: 301392) publicly issued 25 million shares at an offering price of 12.20 RMB per share, raising 305 million RMB in new funds, with a total post-issue share capital of 100 million shares. On the first day of trading, the opening price was 65.00 RMB, closing at 104.06 RMB, marking a 752.95% increase and a trading volume of 1.245 billion RMB.

Guangdong Huicheng Vacuum Technology Co., Ltd. is a global provider of vacuum coating application solutions. The company specializes in the research, development, production, and sale of optical coating equipment, functional hard coating equipment, decorative coating equipment, roll-to-roll coating equipment, continuous magnetron sputtering coating production lines, and ALD atomic layer deposition equipment. With 17 years of dedication in the vacuum coating equipment field, Huicheng Vacuum has earned prestigious titles such as National High-Tech Enterprise, Guangdong Vacuum Coating Application Engineering Technology Research Center, and Guangdong Doctoral Workstation. The company holds 96 patents for inventions, designs, and utility models, as well as 7 copyrights.

HCVAC provides comprehensive thin film deposition solutions for industries such as precision optics, optoelectronics, solar photovoltaics, flat panel displays, semiconductors, power devices, tooling, aerospace, marine, automotive batteries, automotive lighting, automotive interiors and exteriors, smartphones, hardware watches, plastics, and ceramics. From R&D to prototyping and mass production, we leverage core technologies including evaporation, sputtering, PECVD, and ALD to offer practical production advice, R&D services, and custom engineering to meet the unique needs of our clients.

The launch of Huicheng Vacuum's stock code marks a new beginning in the public eye and signifies the company's bold strides towards a higher level of growth and achievement.

Signed "Securities Listing Agreement" with the Shenzhen Stock Exchange

The Shenzhen Stock Exchange presented Huicheng Vacuum with the "Start-up Bull" statue

The oversubscribed issuance reflects broad recognition of Huicheng Vacuum's value, significantly expanding its growth potential. Moving forward, Huicheng Vacuum will continue to optimize its position in the vacuum application industry, enhance industrial competitiveness and sustainability, strengthen corporate governance, and improve value creation. The company aims to set benchmarks for listed enterprises, remain committed to developing the real economy, and drive technological. innovation and value creation.

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