The Oulai Mingyue Lake Semiconductor High-Purity Materials Project Commences Construction
On January 28, 2026, the Oulai Mingyue Lake Semiconductor High-Purity Materials Project officially commenced construction. Led by Shaoguan Oulai High-Purity Materials Technology Co., Ltd. a wholly-owned subsidiary of Guangdong Oulai High-Tech Materials Co., Ltd. (Oulai New Materials) the project marks a strategic move to expand into the upstream segment of the semiconductor materials supply chain.
The initiative aims to achieve self-sufficiency in high-purity raw materials, particularly ultra-high purity oxygen-free copper and high-purity cobalt, critical for integrated circuits, semiconductors, and advanced technologies like nuclear fusion, superconductivity, and data center cooling systems. This will enhance supply stability, improve product quality consistency, and strengthen Oulai New Materials’ industry leadership.
Beyond internal needs, the project will pursue market-oriented operations, unlocking new growth potential and establishing a second revenue stream.
Local officials, including Xiao Zhiyong and Wen Hongfu, praised the project as a model of government-enterprise collaboration. They emphasized support from the municipal government and Shaoguan High-tech Zone, committed to being proactive "service providers" to foster industrial clustering. The project is expected to boost Shaoguan’s development of strategic emerging industries, positioning Mingyue Lake Industrial Park as a key hub for advanced materials in northern Guangdong.
Hengyunchang, a core component manufacturer of semiconductor equipment, went public on the Science and Technology Innovation Board.
Hengyunchang, a leading domestic manufacturer of core semiconductor equipment components, successfully listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange on January 28, 2026—marking the first IPO on the board for the year. The company specializes in plasma radio frequency (RF) power supply systems, often dubbed the "nanosurgical knife" of semiconductor manufacturing due to their critical role in precise chip etching and thin-film deposition processes.
From 2022 to 2024, Hengyunchang's revenue surged from RMB 158 million to RMB 541 million, reflecting an average annual compound growth rate exceeding 80%. Net profit (excluding one-time items) climbed from RMB 20 million to RMB 129 million, underscoring strong profitability and market momentum.
Proceeds from the IPO will be allocated to five key initiatives:
Shenyang Semiconductor RF Power Supply Industrialization Project
Intelligent Production Base for Semiconductor & Vacuum Equipment Components
R&D and Cutting-Edge Technology Innovation Center
Marketing and Technical Support Center Development
Working capital supplementation
These investments aim to enhance the company’s technological leadership, production capacity, and customer service, further solidifying its position within China’s growing semiconductor ecosystem.
