Company at a glance
Scale
Revenue up 92% since FY2023
Growth prospects
Expanding customer base and product roadmap
via vip.stock.finance.sina.com.cn ↗Revenue RMB 1.85B (+218.50% YoY); net loss attributable RMB -127M (FY2024: revenue RMB 581M, net profit RMB 108M)via stcn.com ↗Compart (founded 2009) supplies low-energy high-current, high-energy and medium-current ion implanters with volume process coverage to 28nm, plus SiC…Official filings: FY2025 annual report (Sina Finance) ↗ · H1 2025 report (CNINFO) ↗
All sourced facts (6)
- Corporate origin: Founded October 1991 as Shanghai Zhongcheng Industrial (上海众城实业); initial 74.16M A-share issue listed on the Shanghai Stock Exchange on 1993-04-07 via money.finance.sina.com.cn ↗
- Control change and rename: 2024-11-28: actual controller became Zhu Shihui's Xiandao Technology Group after a RMB 2.497B cash acquisition; 2025-11-12: securities abbreviation changed from Wanye Enterprises (万业企业) to Xiandao Jidian (先导基电) via stcn.com ↗
- FY2025 results: Revenue RMB 1.85B (+218.50% YoY); net loss attributable RMB -127M (FY2024: revenue RMB 581M, net profit RMB 108M) via vip.stock.finance.sina.com.cn ↗
- Ion implanter franchise: Compart (founded 2009) supplies low-energy high-current, high-energy and medium-current ion implanters with volume process coverage to 28nm, plus SiC/GaN compound-semiconductor implanters; its Shanghai Jinqiao base expansion completed in 2024 gives capacity of 100+ implanters per year via stcn.com ↗
- Export-control status: Compart and parent were designated on the US Entity List on 2024-12-02; company said supply-side impact is limited, having run domestic parts development and validation since 2020, and delivered an ultra-low-temperature ion implanter to a new IC strategic customer in December 2024 via m.cls.cn ↗
- Business mix shift: Semiconductor materials contributed more than two-thirds of revenue by Q1 2025 (quarterly revenue +94.09% YoY) via cls.cn ↗
About
Semiconductor equipment (Compart ion implanters, Jiaxin etch/deposition) plus semiconductor materials (bismuth-based materials via Anhui Wandao) after divesting from property development; materials exceeded two-thirds of revenue in Q1 2025.
Why it matters
Compart is China's principal merchant supplier of IC ion implanters, one of the least localized front-end tool segments globally dominated by Applied Materials and Axcelis; its parent and Compart were added to the US Entity List in December 2024, accelerating component localization that had run since 2020.
Where it sits in the stack
Key semiconductor products
- IC ion implanterslow-energy high-current, high-energy, medium-current; ultra-low-temperature implanter
- SiC/GaN compound-semiconductor ion implanters
- Etch and thin-film deposition equipment·Jiaxin Semiconductor
- Bismuth-based semiconductor materials·Anhui Wandao
Financials
600641.SS · Shanghai Stock Exchange (main board) 600641.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
- Applied Materials (VIISta implanters)
- Axcelis (Purion implanters, strong in SiC)
- Nissin Ion Equipment (medium-current/high-energy)
Competitive position
- Leading domestic merchant ion-implanter supplier in a segment where imports (Applied Materials, Axcelis, Nissin) historically held most Chinese fab share
- Revenue scaled rapidly on equipment acceptances and materials ramp, but FY2025 swung to a net loss on higher investment
- Related-party dealings with Xiandai Technology Group span bismuth materials, Compart and Jiaxin parts businesses
- Equipment-candidate classification is unconfirmed at the product and process-step level; no specific tool categories have been verified from primary sources.
- Global comparables: Applied Materials (VIISta implanters)
- Global comparables: Axcelis (Purion implanters, strong in SiC)
- Global comparables: Nissin Ion Equipment (medium-current/high-energy)
Milestones and signals
- 2024—Ion Implanter Capacity: CNY 100+ units per year after 2024 Jinqiao base expansion
- 2026-10-04—Market cap: RMB 46.1B
- FY2025—Revenue: RMB 1.9B
- FY2025—Net Profit: RMB -127M
What to watch
- Path back to profitability after the FY2025 loss
- Proposed RMB 2.0B acquisition of controller-affiliated assets announced in 2025 and its valuation scrutiny
- Compart order intake at 28nm-and-better logic fabs and SiC lines under Entity List constraints
Questions
Last reviewed 2026-07-11Answered questions
What is the measurable gap versus global reference companies?
Against Applied Materials (VIISta implanters), Axcelis (Purion implanters, strong in SiC), and Nissin Ion Equipment (medium-current/high-energy): Equipment-candidate classification is still unclear at the product and process-step level; no specific tool categories have been verified from primary sources.
Open questions
- Which products are qualified beyond pilots in equipment?
- Which customers, fabs, or end markets show real adoption rather than policy interest?