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The Company recieved repeated order for its semiconductor equipment and have been serving double-digit semiconductor industry customers.
In FY2023, the Company's semicondoctor and solar cell equipment business accounted for 71% of revenue. R&D personnel accounted for 33% of the total staff of the equipment business. In FY2023, the Company recieved purchase order of HK$510 million and delivered equipment valued at HK$350 million.
The Company's CUBE equipment won the Best Application Award, and the OCTOPUS equipment won the Innovative Product Award in China’s Semiconductor Market 2023-2024.
The first solar cell horizontal inline copper plating equipment InCellPlate Cu was shipped to the customer.
Accumulative shipment of the Company's semiconductor and solar cell cleaning equipment reached 100 sets.
The first semiconductor 12-inch single wafer cleaning equipment OCTOPUS, capable of integrating 16 high-performance process chambers, was shipped to the customer.
The Company recieved purchase order for double-layer inline solar cell cleaning equipment NIAK4, marking its ability of providing full-line solar cell wet processing equipment with single-tool production capability reaching 1GW.
The first semiconductor single wafer cleaning equipment CUBE was shipped to the customer.
The first solar cell wet chemical processing equipment was shipped to the customer.
The Company entered into an acquisition agreement with RENA Technologies GmbH concerning the acquisition of its China solar power companies, RENA Yiwu and RENA Shanghai.
The Company has received a purchase order for 2 systems of semiconductor equipment.
Dr. Liu Erzhuang was appointed to lead the Company to initiate its equipment business in the semiconductor and solar power industries.
The reverse takeover of "Shun Cheong Holdings Limited" (650.HK), the predecessor of the Company, was completed, with HK$2.94 billion raised and the previous hotel business disposed of.
Upon completion, the Company acquired the Inner Mongolia oilfield asset.