Recently, Hwatsing Technology Co Ltd., a wholly-owned subsidiary of Huahai Qingke (Shanghai) Semiconductor Co., Ltd. (hereinafter referred to as "Huahai Qingke"), successfully won the use rights for a state-owned construction land parcel in Jinqiao "Equipment Town," Pudong New Area, through public listing at the Shanghai Land Trading Market. The transfer area is approximately 46,000 square meters, marking that the construction land for the company's Shanghai Integrated Circuit High-End Equipment R&D and Manufacturing Base project has been officially finalized.
This land acquisition represents a significant step in Huahai Qingke's deepening industrial layout in the Yangtze River Delta and advancing its capabilities in high-end integrated circuit equipment R&D and manufacturing. It will also provide new support for the company to better serve customers and contribute to the regional integrated circuit industry development.
The acquired land is designated for the Shanghai Integrated Circuit High-End Equipment R&D and Manufacturing Base project, with a total planned investment of approximately CNY 1.7 billion. This is currently Huahai Qingke's largest single-scale and highest-investment construction project. The base aims to build a large-scale, intelligent, and standardized industrial hub for high-end integrated circuit equipment. Key focus areas include expanding production capacity for ion implantation equipment, CMP equipment, and thinning equipment, while undertaking R&D and industrialization tasks for advanced process nodes and advanced packaging technologies.
The location choice for the Shanghai base is directly linked to Huahai Qingke's customer map and existing capacity structure. The company's current production bases are concentrated in Beijing and Tianjin. In contrast, the Yangtze River Delta region, centered on Shanghai, is China's most robust, complete, and technologically advanced area for the integrated circuit industry, hosting more than half of the nation's chip manufacturing lines, including several key and potential customers of Huahai Qingke, indicating vast market potential.
Once established, the Shanghai base will form a differentiated layout with the Tianjin and Beijing bases, creating regional advantages in the key Yangtze River Delta market, bringing the company closer to customers, improving response speeds, and injecting strong momentum into sustained and steady performance growth.
It is worth noting that the ion implantation equipment deployment at the Shanghai base forms direct synergy with a previous acquisition by Huahai Qingke.
In December 2024, Huahai Qingke acquired Xin Yu Semiconductor (Shanghai) Co., Ltd. (hereinafter referred to as "Xin Yu Semiconductor") for approximately CNY 1 billion using its own funds, making it a wholly-owned subsidiary. Established in 2018 and located in Zhangjiang, Shanghai, Xin Yu Semiconductor specializes in the R&D, production, and sales of integrated circuit ion implanters. Its core technical team possesses over 30 years of experience in the ion implantation industry. Currently, its main commercially available product is low-energy, high-current ion implantation equipment. As the construction of the Shanghai base progresses, its ion implantation equipment business will synergize with the new base, further strengthening R&D, manufacturing, and industrialization capabilities for related equipment.
Combining the Shanghai base construction and the acquisition of Xin Yu Semiconductor, Huahai Qingke's total investment in Shanghai approaches CNY 3 billion. The company stated that it will continue to deepen its presence in Shanghai and the Yangtze River Delta region, continuously refining its regional industrial layout.
As the entity behind this move, Huahai Qingke was established in 2013 and listed on the SSE STAR Market in 2022. The company primarily engages in the R&D, production, sales, and technical services of semiconductor-specific equipment. Its products include CMP equipment, thinning equipment, ion implantation equipment, dicing equipment, edge polishing equipment, wet cleaning equipment, wafer reclamation, critical consumables, and maintenance services. These products are widely applied in manufacturing processes such as integrated circuits, advanced packaging, large silicon wafers, third-generation semiconductors, MEMS, and MicroLEDs, essentially covering the major production lines of domestic 12-inch integrated circuit manufacturers.
In the CMP equipment segment, the company's products have demonstrated outstanding performance on client production lines for logic chips, DRAM memory chips, and 3D NAND memory chips. Metrics for long-term continuous operation and reliability meet international standards for similar equipment. Its domestic market share is steadily increasing, maintaining a leading position.
Governance changes occurred last year, involving a transition between senior and new management. In 2025, Lu Xinchun resigned from the positions of Chairman and Director due to work arrangement adjustments but continues to serve as Chief Scientist and Core Technical Personnel. Former General Manager Zhang Guoming resigned from his Director and General Manager roles upon reaching the statutory retirement age and subsequently serves as Chief Consultant. Wang Tongqing then assumed the role of Chairman and General Manager.
Behind the capital and capacity layout lies the support of consistently growing performance. According to the Q3 2026 report, Huahai Qingke achieved operating revenue of CNY 4.182 billion in the first three quarters, a year-on-year increase of 30.95%. Net profit attributable to shareholders of the listed company was CNY 1.002 billion, up 26.62% year-on-year; net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 885 million, an increase of 22.39% year-on-year. Specifically, in the third quarter, operating revenue reached CNY 1.539 billion, up 23.71% year-on-year; net profit attributable to shareholders was CNY 439 million, surging 53.46% year-on-year; and net profit after deducting non-recurring items was CNY369 million, up 40.53% year-on-year, indicating a clear acceleration in quarterly profit growth compared to the first half of the year.
From a broader industry perspective, the semiconductor equipment market is entering a golden cycle of sustained growth. SEMI forecasts that the equipment market will reach a record USD 151.1 billion in 2026, approximately 1.9 times the previous year's level, with continued growth expected thereafter. Emerging application fields represented by artificial intelligence are driving explosive growth in equipment demand for cutting-edge logic circuits, memory, and advanced packaging technologies.
Regarding the domestic market, according to statistics from CINNO IC Research, China's total investment in the semiconductor industry reached CNY 784.1 billion in 2025, a year-on-year increase of 17.2%, with investment growth in the semiconductor equipment sector being particularly significant.
With the advancement of the Shanghai industrial base construction, the release of wafer reclamation capacity, and the entry of multi-category equipment into large-scale volume production, Huahai Qingke is poised to benefit continuously from the new boom cycle in semiconductor equipment, steadily advancing towards its goal of becoming a world-class semiconductor equipment supplier.
Editor｜Liu Chengxing Source｜Compiled from online information