Company at a glance
Scale
Revenue up 130% since FY2023
Growth prospects
Expanding customer base and product roadmap
via money.finance.sina.com.cn ↗Listed on SSE STAR Market (688361) in July 2022 — the first domestic IC inspection/metrology equipment company on the STAR Market; backers include Hu…via money.finance.sina.com.cn ↗Deployed at SMIC (also a shareholder-related customer), YMTC (长江存储), 士兰集科, 华天昆山 and 芯恩 among others; nine equipment series cover ~70% of IC manufactu…Official filings: www1.hkexnews.hk ↗ · www1.hkexnews.hk ↗ · static.sse.com.cn ↗ · Sina Finance — IPO prospectus summary ↗
All sourced facts (8)
- Listing status: SSE STAR Market · 688361 · A shares
- Founded: 2014-12-31 in Shenzhen (Longhua district); focused since inception on inspection and metrology IC equipment via money.finance.sina.com.cn ↗
- IPO: Listed on SSE STAR Market (688361) in July 2022 — the first domestic IC inspection/metrology equipment company on the STAR Market; backers include Huawei Hubble, SMIC-affiliated 中芯聚源 and Shenzhen Capital Group via money.finance.sina.com.cn ↗
- Product series: Unpatterned wafer defect inspection, patterned wafer defect inspection, 3D morphology metrology, film-thickness metrology equipment series plus software; first tool passed production-line validation in 2017 via money.finance.sina.com.cn ↗
- Customers: Deployed at SMIC (also a shareholder-related customer), YMTC (长江存储), 士兰集科, 华天昆山 and 芯恩 among others; nine equipment series cover ~70% of IC manufacturing inspection/metrology process needs via money.finance.sina.com.cn ↗
- FY2025 results: Revenue RMB 2.053 billion (+48.75% YoY); attributable net profit RMB 57.71 million — first annual profit; H1 2025 revenue RMB 702 million (+51.4%) with narrowed loss of RMB -18.35 million via dataclouds.cninfo.com.cn ↗
- Market context: 2024 global semiconductor inspection & metrology equipment market USD 14.35 billion (VLSI Research), with inspection tools 69.3% of the segment; KLA-led top foreign firms hold >70% combined share via money.finance.sina.com.cn ↗
- 2025 expansion: Extended beyond optical inspection into e-beam and X-ray based inspection products via money.finance.sina.com.cn ↗
About
Designs and sells wafer defect inspection (patterned/unpatterned) and metrology (3D morphology, film thickness) equipment plus related software to Chinese fabs; shareholders include SMIC-affiliated funds and Huawei's Hubble, aligning it to domestic fab capex.
Founded 2014 · Ticker 688361
Why it matters
Process-control equipment is one of the most foreign-dominated semiconductor segments (KLA leads; top firms hold >70% of a USD 14.35B 2024 market); Skyverse is China's leading domestic challenger, with nine equipment series covering about 70% of IC manufacturing inspection/metrology needs.
Where it sits in the stack
Key semiconductor products
- Unpatterned wafer defect inspection equipment
- Patterned wafer defect inspection equipment
- 3D morphology (shape) metrology equipment
- Film-thickness metrology equipment and inspection/metrology software
- E-beam and X-ray inspection equipment·from 2025·2025
Financials
688361.SS · Shanghai STAR Market 688361.SS · via Yahoo Finance ↗
Financial trajectory via annual filings via Yahoo Finance
RMB billionsMarket data refreshed daily; annual figures from exchange filings. Figures in the reporting currency shown on the chart.
Ecosystem
Global peer set
- KLA
- Applied Materials (PDC segment)
- Hitachi High-Tech
- Onto Innovation
Competitive position
- China's leading domestic process-control (inspection/metrology) equipment supplier challenging KLA's dominance
- Nine series covering ~70% of IC manufacturing inspection/metrology needs domestically; placed at top fabs including SMIC and YMTC
- Reached first full-year attributable profit in FY2025 after years of heavy R&D-driven losses
- Not determinable from available signals; specific tool categories and frontier comparison unconfirmed.
- Not determinable from available signals; company name suggests metrology or inspection, which would place it in a high-substitution-value segment, but this is unconfirmed.
- Global comparables: KLA
- Global comparables: Applied Materials (PDC segment)
- Global comparables: Hitachi High-Tech
Milestones and signals
- 2014—Skyverse Technology (中科飞测) was founded.
- 2024—Addressable Market (Global Inspection & Metrology): USD 14.35 billion
- 2026-10-04—Market cap: RMB 122B
- FY2025—Revenue: RMB 2.1B
- FY2025—Net Profit: RMB 58.7M
- Listing—SSE STAR Market · 688361 · A shares
What to watch
- Advanced-node metrology R&D progress flagged in broker coverage
- E-beam and X-ray product commercialization timeline
- Domestic fab capex cycle and SMIC/YMTC order flow
- Margin trajectory after turning profitable in 2025
Questions
Last reviewed 2026-07-11Answered questions
What is the measurable gap versus global reference companies?
Against KLA, Applied Materials (PDC segment), Hitachi High-Tech, and Onto Innovation: Not determinable from available signals; specific tool categories and frontier comparison still unclear.
Open questions
- Which products are qualified beyond pilots in equipment?
- Which customers, fabs, or end markets show real adoption rather than policy interest?