Guangda Special Materials: Has the capability to supply materials used in semiconductor equipment in bulk, but currently has no revenue related to this business.
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Top 10 Hottest Sectors in Mid-2026: Semiconductor Equipment and Materials Lead the Rise, CPO, PCB, and Other Technology Sectors See Explosive Profit-Making.
Mars Finance reports that, reviewing the market performance in the first half of the year, a clear divergence emerged. A few heavyweight technology stocks and AI leaders supported the index, while most small-cap and traditional industry stocks continued to adjust. The semiconductor equipment and materials sector surged 147% in the first half of the year, with nearly 50 stocks within the sector doubling in value. The passive components sector experienced a super-cycle restart, ranking second with an overall increase of 110%. In addition, glass substrates, CPO, PCB, optical fibers, and other technology sectors all performed strongly in the first half of the year, creating a powerful profit-making effect. (Cailian Press)
US semiconductor equipment stocks surged in pre-market trading, with KLAC rising 5.41%.
According to Mars Finance, on July 6th, based on market data, the US semiconductor equipment sector surged in pre-market trading, with the following stocks rising: Applied Materials (AMAT) up 5.05%; Onto Innovation (ONTO) up 4.15%; Lam Research (LRCX) up 5.03%; KLA-Tec (KLAC) up 5.41%; Teradyne (TER) up 4.85%; and ENTG up 3.78%.
22 companies filed for Hong Kong Stock Exchange listings in one week: AI semiconductor supply chain dominates the headlines, with star companies like Avita among them.
Mars Finance reported on July 5th that, according to disclosures by the Hong Kong Stock Exchange (HKEX), from June 29th to July 4th, a total of 22 companies submitted IPO prospectuses to the HKEX, including Shengwei Times, Liante Technology, Shengjing Network, Yangtuo Holdings Inc., Longxun Semiconductor, Haote Energy Saving, Tongao Testing, Daotong Technology, Keli Limited, Avita, Wubo Technology, Jiaxuan Intelligent, Oulin Biotechnology, Yuanhai International, Silicon-based Flow, Huaneng Design Institute, Senyi Intelligent, Joint Stock Company National Company Kazakhstan Temir Zholy, Liding Semiconductor, Jingze Biotechnology, Hongxinyu, and Jingwang Electronics. Among the 22 companies that submitted their prospectuses, 5 A-share listed companies simultaneously applied to the HKEX, triggering a new wave of "A+H" dual listings. Among them, Jingwang Electronics leads with a market capitalization of 70.949 billion yuan. This leading PCB manufacturer's revenue exceeded 10 billion yuan each year from 2023 to 2025, with a compound annual growth rate of 46% in profits over three years. The company has significant related-party transactions with Luxshare Precision, and the demand for PCBs driven by AI computing power is its core growth logic. Liante Technology is a leading optical module manufacturer from Wuhan and one of the few global suppliers with vertical integration capabilities for 800G/1.6T optical modules, with a latest market capitalization of 38.764 billion yuan. Daotong Technology, Orin Biotech, and Longxun Semiconductor are from the automotive intelligent diagnostics, human vaccines, and high-speed video chips sub-sectors, respectively, and are all star companies on the Science and Technology Innovation Board, with latest market capitalizations of 17.418 billion yuan, 17.319 billion yuan, and 11.562 billion yuan, respectively. All three companies appeared as "spin-off subsidiaries." Wubo Technology is a smart logistics supply chain service provider for ferrous bulk commodities under Yankuang Energy. Based on 2025 Gross Transaction Value (GTV), it is the largest smart logistics platform in China's steel and metallurgical industry. Tongao Testing, spun off from the Hong Kong-listed Anton Oilfield Services, ranks second among professional testing institutions in China's oil and gas industry's integrated TIC solutions market and is a leading independent oil and gas testing TIC service provider. Liding Semiconductor, backed by global PCB leader Zhen Ding-KY, mainly produces high-end IC substrates such as FCBGA and FCCSP. Based on 2025 revenue, it ranks third among IC substrate manufacturers in mainland China. Of the 22 companies, AI and semiconductor-related companies account for nearly half. From upstream chip design (Longxun Semiconductor), memory (Hongxinyu), and IC substrates (Liding Semiconductor), to midstream optical modules (Liantech) and PCBs (Jingwang Electronics), and then to AI infrastructure (Silicon-based Flow), the entire AI industry chain is represented. Among them, Silicon-based Flow has applied for listing under the Hong Kong Stock Exchange's Chapter 18C Special Technology Companies Rules. Established only 34 months ago, its valuation has increased more than 33 times in three years, reaching a latest valuation of 7.74 billion yuan. Alibaba, Huawei, Meituan, and Innovation Works are all shareholders. This time, it aims to become the first "AI Token Factory" listed in Hong Kong. Hongxinyu's revenue exceeded US$1 billion and net profit exceeded US$500 million in the first four months of 2026, representing a more than 30-fold increase in net profit. Based on 2025 revenue, it will be the fifth largest independent memory manufacturer globally and the second largest in mainland China. Multiple high-profile targets from various sectors are simultaneously emerging. In the new energy sector, Avita is a rare Hong Kong IPO target in the domestic high-end new energy vehicle field. The company is jointly established by Changan Automobile, CATL, and Huawei. It achieved operating revenue of 5.645 billion yuan, 15.2 billion yuan, and 25.6 billion yuan in 2023, 2024, and 2025 respectively, achieving a leapfrog growth in revenue over three years; however, its losses are also increasing, accumulating to approximately 11.2 billion yuan over three years. In the AI healthcare field, Senyi Intelligent, as China's largest provider of intelligent hospital healthcare solutions, has served over 800 hospitals. Its shareholders include Tencent, Sequoia Capital, and IDG. Meanwhile, Kazakhstan Railways, controlled by Kazakhstan's sovereign wealth fund, is a state-owned transportation and logistics giant operating a vital land transport corridor connecting Central Asia with China and Europe. Its IPO in Hong Kong, as a key infrastructure company in a Belt and Road Initiative country, has attracted widespread market attention. (Science and Technology Treasure News)
US semiconductor equipment stocks continued their upward trend, with Lam Research and KLA-Tex rising by more than 3%.
Mars Finance reported on June 30th that US semiconductor equipment stocks continued their upward trend, with Lam Research and KLA rising over 3%, and Applied Materials rising over 2%, all hitting new all-time highs during the session; ASML rose nearly 3%, with its share price nearing its all-time high. (Science and Technology Treasure Broadcast)
SK Hynix plans to order semiconductor testing equipment, with a total price potentially reaching 400 billion won.
Odaily Odaily that SK Hynix is in talks with semiconductor equipment manufacturers regarding the supply of semiconductor testing equipment for its Cheongju P&T7 plant. The equipment companies are verbally coordinating the number of devices that can be delivered next year. The equipment industry anticipates that the plant will order approximately 200 units, including HBM4 testers. At a price of 1.5 billion to 2 billion won per unit, the total cost could reach as high as 400 billion won. (TheElec)
Anbotong invests in a semiconductor equipment remanufacturing joint venture; its actual controller simultaneously acquires a controlling stake in lithography machine manufacturer ABM Asia.
According to Mars Finance, Anbotong (688168) recently announced its plan to invest 10.2 million yuan to establish a joint venture, "Botong Gangke," holding a 51% stake. The joint venture will primarily engage in the remanufacturing of mature process semiconductor equipment and related components. Notably, this investment is backed by a package of transactions—Anbotong's actual controller, Zhong Zhu, plans to acquire a 30% stake in the partner, Shenglin Gangke, and become a director. Upon completion of the transaction, he will indirectly hold a 24% stake in ABM Asia, a global manufacturer of lithography equipment. ABM has been deeply involved in the semiconductor lithography equipment field for over 20 years, possessing proprietary technologies for over 2,000 key components. It has delivered nearly 1,000 units to over 300 customers worldwide, and its lithography machine mass production project is scheduled to be located in Foshan, Guangdong in 2025. Anbotong also highlighted the risks associated with cross-industry integration in its announcement. (Cailian Press)