1.8 Billion Yuan! LAPLACE to Go Public on the SSE

PVTIME – LAPLACE Renewable Energy Technology Co., Ltd. (LAPLACE), a high-end equipment and solution provider founded by several top experts in the photovoltaic and semiconductor equipment industry, announced its update for IPO application to the Shanghai Stock Exchange (SSE) Institution on 27 March 2024.

LAPLACE’s application for listing on the SSE was recently approved by the committee. It intends to raise 1.8 billion yuan through the IPO, of which 600 million yuan will be used to build a PV equipment production base, 600 million yuan will be used for semiconductor and solar equipment project, and the remaining 600 million yuan will be used to supplement working capital.

LAPLACE’s core products are mainly high performance thermal process equipment (boron diffusion, phosphorus diffusion, oxidation and annealing equipment, etc.), coating equipment (LPCVD, PECVD equipment, etc.) and supporting automation equipment, with applications focused on the R&D and manufacturing of high efficiency photovoltaic cells and discrete semiconductor devices. LAPLACE currently has over 3000 employees, of which over 40% are R&D and technical support personnel. As of 31 December 2023, the Company has filed 857 patents (including 191 invention patents) and has 513 approved patents (including 54 invention patents). LAPLACE has not only successfully overcome the technical bottleneck in the development of high-efficiency N-type photovoltaic cells, with its core equipment widely used in the production of various high-efficiency photovoltaic cells such as TOPCon and XBC, LAPLACE has also helped leading enterprises in the industry to break the world record of photovoltaic cell conversion efficiency by more than ten times. At present, LAPLACE’s production line, which provides customers with core process equipment, has reached full production capacity with a cumulative production capacity of over 100GW.

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