Youyan Silicon Successfully Lists on the STAR Market

On November 10, 2022, the company was officially listed on the STAR Market of the Shanghai Stock Exchange. The stock’s abbreviated name is Youyan Silicon, its stock code is 688432, the issue price was 9.91 yuan per share, and the opening price was 20.00 yuan per share.

Over the years, Youyan Silicon has remained true to its original aspiration, taking as its mission the development of key materials for integrated circuits. For decades, the company has undertaken major national research projects focused on silicon materials, achieving numerous domestic firsts and boasting a glorious history. In recent years, in response to the rapidly evolving industry landscape and growing challenges, the company has embraced innovative development and completed a mixed-ownership reform. In 2018, RST joined forces with Youyan Group, marking the beginning of a new phase in the company’s development. By 2020, the company had completed the construction of its industrial base, successfully relocating its operations within just three months and achieving full production capacity within six months. Its 8-inch silicon wafers and etching materials are now fully operational across the entire production line, significantly enhancing the overall quality of its business operations. The company has also taken a stake in a 12-inch project, which has been incorporated into the national integrated circuit development plan, further elevating its technological capabilities. With careful strategic planning, Youyan Silicon has established a layout that positions Beijing as its R&D and high-end, cutting-edge product center, while Shandong serves as its industrial development base. At the end of 2020, the company initiated its IPO process and, within two years, successfully listed on the STAR Market, placing the company on a new trajectory of growth.

The public offering and listing of shares represent a truly significant milestone in the development journey of Youyan Silicon. The company would like to extend its heartfelt gratitude to leaders at all levels for their support and attention; to our valued customers, suppliers, and industry association partners for your trust and assistance; to all the intermediary agencies involved in the company’s IPO; and to every single employee of the company. Despite the challenges posed by the pandemic, the relocation, and the pressure of ramping up production for mass shipments, you’ve demonstrated remarkable resilience, unwavering dedication, and an unrelenting spirit of hard work and perseverance—continuously creating miracles that are uniquely ours!

In the future, the company will continue to strengthen innovation in technology, products, and management, comprehensively enhance its core capabilities, meet domestic demand, and actively participate in international competition. It will drive the joint development of upstream and downstream industries, foster a thriving industrial ecosystem, and promote industry advancement. At the same time, by leveraging the capital market, the company will accelerate its growth and strive to become a world-class semiconductor enterprise, contributing to the full autonomy and controllability of silicon materials and helping China become a global powerhouse in semiconductor manufacturing.

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