Shanghai Wanye Enterprises
 | |
| SWEC | |
Native name | 上海万业企业股份有限公司 |
| Formerly |
|
| Company type | Public |
| SSE: 600641 | |
| Industry | |
| Founded | October 28, 1991 |
| Headquarters | Shanghai, China |
Key people |
|
| Revenue |  CN¥964.61 million (2023) |
| CN¥83.89 million (2023) | |
| Total assets |  CN¥10.59 billion (2023) |
| Total equity | CN¥8.81 billion (2023) |
Number of employees | 618 (2023) |
| Subsidiaries |
|
| Website | www |
| Footnotes / references [1] | |
Shanghai Wanye Enterprises (SWEC; Chinese: 万业企业; pinyin: Wànyè Qǐyè) is a publicly listed Chinese company that engages in the development and sale of semiconductor equipment. It also engages in the sale of real estate properties.
Its three semiconductor subsidiaries are Kingstone Semiconductor, Compart Systems and Joysingtech.
Background
[edit]The company was established in October 1991 as Shanghai Zhong Cheng Industrial, a real estate company.[2]
On 7 April 1993, the company went public by listing on the Shanghai Stock Exchange.[3]
In July 1997, COSCO acquired a controlling stake in Shanghai Zhong Cheng Industrial. The company was subsequently renamed to COSCO Development.[4]
In 2006, Salim Group acquired a controlling stake in COSCO Development and the company was renamed to Shanghai Wanye Enterprises.[5][6]
Due to the sluggish real estate market, Salim Group looked to transform SWEC into a semiconductor company by acquiring overseas firms although the initial plan did not materialize. In November 2015, the Shanghai Pudong Science and Technology Investment Company became the largest shareholder of SWEC after a share transfer agreement with Salim Group. Under the new ownership structure, SWEC continued its transformation into a semiconductor company.[6]
In April 2017, SWEC took the lead in launching the Shanghai Semiconductor Equipment and Material Investment Fund where it became it became the joint largest shareholder along with the China Integrated Circuit Industry Investment Fund.[2][3]
In 2022, it was reported that SWEC's main revenue and profit still came from the sale of existing real estate holdings and that the company still had not transformed fully into a semiconductor company.[2]
Subsidiaries
[edit]Kingstone Semiconductor
[edit]In July 2018, SWEC acquired Kingstone Semiconductor.[2][3] It is a Chinese supplier of ion implanters and is also capable of providing low-energy ion implanters for the 28 nm process.[7]
In December 2024, Kingstone Semiconductor was targeted in a new round of US export controls and added to the United States Department of Commerce's Entity List. [8]
Compart Systems
[edit]In December 2020, SWEC acquired Compart Systems from Platinum Equity.[2][9] Headquarter in Singapore, it is a supplier of component fittings for semiconductors.[10]
Joysingtech
[edit]In December 2021, SWEC established Joysingtech which would focus on developing semiconductor equipment. SMIC founder Zhang Rujing was noted to be involved.[2][11] In 2023, BYD became an investor in it.[12]
See also
[edit]References
[edit]- ^ "2023 Annual Report" (PDF). Sina.
- ^ a b c d e f "半导体反腐风暴：万业企业的画饼游戏". www.163.com. 23 September 2022. Retrieved 30 October 2024.
- ^ a b c "万业企业：1993上市，股价累计上涨176倍". www.sohu.com. 4 March 2024. Retrieved 30 October 2024.
- ^ Chan, Elaine (20 July 1997). "COSCO BUYS ITS FIRST CHINESE-LISTED FIRM AS DIVERSIFICATION MOVE GETS UNDER WAY". S&P Journal of Commerce. Retrieved 30 October 2024.
- ^ "Shipping Group Gives up Interest in Real Estate Firm". english.china.org.cn. 22 March 2006. Retrieved 30 October 2024.
- ^ a b "房企转型万业样本： 浦东科投豪掷20亿引买"壳"猜想". 21st Century Business Herald. Retrieved 30 October 2024.
- ^ Shen, Jessie (6 July 2023). "Chinese firm develops ion implanters for 28nm process manufacturing". DIGITIMES. Retrieved 30 October 2024.
- ^ Chen, Charlene (3 December 2024). "New US ban imposes 'large yard, high fence' on Chinese equipment, materials, EDA". DIGITIMES. Retrieved 4 December 2024.
- ^ Wahed, Shikhor (22 December 2020). "Shanghai Wanye Acquires Compart from Platinum". The Middle Market.
- ^ "DC Advisory advised Shanghai Wanye on its acquisition of Compart Systems". DC Advisory. 22 December 2020.
- ^ Pandaily (27 December 2021). "Founder of SMIC Zhang Rujing Joins Hands with Wanye Enterprises to Establish Jiaxin Semiconductor". Pandaily. Retrieved 30 October 2024.
- ^ "BYD invests in semiconductor company JOYSINGTECH". autonews.gasgoo.com. 12 July 2023. Retrieved 30 October 2024.
