BUSINESS

E-Town Semiconductor’s Stock Nearly Triples on First Day of Trading

Published: Jul. 9, 2025 7:08 p.m. GMT+8

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The listing ceremony for Beijing E-Town Semiconductor Technology Co. Ltd. on July 8. Photo: E-Town

Beijing E-Town Semiconductor Technology Co. Ltd.’s stellar debut on the Shanghai Stock Exchange’s tech-heavy STAR Market reflected investor enthusiasm for the company as it ramps up investment in its chipmaking equipment business.

The company’s stock rose as high as 210% over its offering price on its first day of trading Tuesday, before paring some of the gains to close at 23.20 yuan ($3.20) a share. That price gave E-Town Semiconductor a market capitalization of more than 68.5 billion yuan. The shares closed 9.66% lower on Wednesday.

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E-Town Semiconductor’s STAR Market debut saw shares surge up to 210% above IPO price, closing at 23.20 yuan and valuing the firm at over 68.5 billion yuan.
The company raised 2.5 billion yuan in its IPO and reported net profit of 540.8 million yuan in 2024, up from 309.4 million yuan in 2023.
In 2023, it held 34.6% of the global dry photoresist stripping equipment market and 13.05% of rapid thermal processing equipment.

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Who’s Who

Beijing E-Town Semiconductor Technology Co. Ltd.: Beijing E-Town Semiconductor Technology Co. Ltd. (ETS) is a Chinese company founded in 2015. They specialize in manufacturing chipmaking equipment, including dry photoresist stripping, rapid thermal processing, and dry etching equipment. ETS made a strong debut on the Shanghai Stock Exchange's STAR Market, raising 2.5 billion yuan in its IPO. In 2023, ETS was the world's second-largest supplier of dry photoresist stripping equipment and rapid thermal processing equipment.

Applied Materials Inc.: Applied Materials Inc. is a U.S. company that is a major competitor in the semiconductor equipment industry. In 2023, it was the market leader for rapid thermal processing equipment, holding 69.66% of the market. It also dominates the global dry etching equipment market.

Tokyo Electron Ltd.: Tokyo Electron Ltd. is a major competitor in the global semiconductor equipment market. This Japanese company, along with Applied Materials Inc. and Lam Research Corp., dominates the dry etching equipment market. In 2023, these foreign companies significantly outweighed E-Town Semiconductor's market share in this sector.

PSK Holdings Inc.: PSK Holdings Inc. is a South Korean company and a major competitor in the semiconductor equipment market. In 2023, PSK was the market leader in dry photoresist stripping equipment, holding a 40.15% market share, ahead of Beijing E-Town Semiconductor Technology Co. Ltd.

Naura Technology Group Co. Ltd.: Naura Technology Group Co. Ltd. (002371.SZ) is a Chinese company that manufactures semiconductor equipment. It is recognized as a major competitor to Beijing E-Town Semiconductor Technology Co. Ltd., particularly in the global market for chipmaking tools.

Lam Research Corp.: Lam Research Corp. is a foreign company that dominated the global market for dry etching equipment in 2023. It is a major competitor to E-Town Semiconductor, which held a significantly smaller market share in this area.

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What Happened When

2015：: E-Town Semiconductor was founded.

2022：: E-Town Semiconductor reported a net profit attributable to shareholders of 382.5 million yuan.

2023：: E-Town Semiconductor was the world’s second-largest supplier of dry photoresist stripping equipment with a 34.6% market share.

2023：: E-Town Semiconductor was the world’s No. 2 provider of rapid thermal processing equipment with a 13.05% market share.

2023：: E-Town Semiconductor's share of the global dry etching equipment market was 0.21%.

2023：: E-Town Semiconductor reported a net profit attributable to shareholders of 309.4 million yuan.

2024：: E-Town Semiconductor reported a net profit attributable to shareholders of 540.8 million yuan.

March 2025：: China Securities Regulatory Commission signed off on E-Town Semiconductor's registration consent notice.

July 8, 2025：: E-Town Semiconductor debuted on the Shanghai Stock Exchange’s STAR Market; its stock rose as high as 210% over its offering price during the first day of trading.

July 8, 2025：: E-Town Semiconductor closed its first day of trading at 23.20 yuan per share, giving it a market capitalization of more than 68.5 billion yuan.