A：Pudat Technology Co., Ltd., formerly known as IDG Energy, was established in 2020, listed by IDG Capital backdoor Hong Kong company, focusing on energy investment. Starting in 2020, Dr. Liu Erzhuang's team will be introduced to transform into the semiconductor equipment business. After four years of development, especially after the Xuzhou factory landed, the current product line has been developed relatively mature, is in the business end is about to see the results of the stage.

A：Pudat Technology is committed to becoming an industry-leading provider of high-productivity semiconductor magic and competent equipment, focusing on judicial cleaning and 12-inch LP tubes, aiming to become a professional and deep company in this field.

A：The core technology and management team of Pudat has the top strength in the industry, and its members have more than 20 years of experience. They have served as senior executives and responsible persons in top international semiconductor factories and have comprehensive technical experience in semiconductor equipment, especially in the fields of cleaning equipment (such as gold wafer back cleaning, cold sweeping cleaning machine) and furnace tube equipment.

A：In the semiconductor cleaning equipment market, Pudat occupies a certain market share in the domestic market in the subdivision fields such as high-temperature sulfuric acid cleaning and wafer back cleaning. Although the localization rate is not high, it competes by finding the right entry point and has independent intellectual property rights and innovation framework, realizing the industry-leading high productivity. Some product performance is benchmarked against Japanese DNS, such as the successful development of the only domestic through the customer to verify the high temperature capacity of 190 degrees high temperature sulfuric acid cleaning equipment. In the furnace tube equipment market, Pudat focuses on 12-inch low-pressure furnace tubes, currently in the domestic market share of about 10% to 15%, and has delivered two equipment, one of which has passed the acceptance, the technical level can meet the advanced process requirements, such as uniformity and step coverage and other indicators.

A：At present, Pudat's semiconductor monolithic cleaning equipment has been stably mass produced in 6 to 12 inch production lines, serving 13 customers and obtaining large-scale acceptance and repeated orders. In terms of furnace tube equipment, two sets of equipment have been delivered, one of which has passed the acceptance. The corresponding serviceable market size of the Company's products in China is approximately RMB 30 billion. For example, its cube cleaning equipment is mainly aimed at the back cutting and cleaning needs of downstream customers such as power and CIS, filling the gap in the domestic market segment. It is expected that there will be a higher localization rate in the next few years.

A：The size of LPCVD equipment in the Chinese market is about 10 billion.

A：The CVD market is divided into two categories: monolithic CVD (such as cavity type) and furnace tube CVD. LP's CVD equipment adopts furnace tube design, occupies a small area, can process 100 to 125 wafers at a time, and can currently support advanced logic storage processes such as 14nm and 7nm.

A：Trough cleaning equipment is an important research and development equipment as a supplement, which plays a key role in the research and development process of photovoltaic equipment and semiconductor equipment, especially in improving the cost performance and comprehensive performance. Because we have experience in photovoltaic equipment development, we have unique features in this equipment. We mainly rely on talents from industry leaders, such as Dr. Liu Erzhuang and Mr. Zhong Weifeng, who, with their rich experience and industry resources, are committed to improving production capacity rather than simply pursuing prices, reducing equipment costs and improving production efficiency through technological innovation.

A：Our name, Pudat, is designed to reflect high productivity to meet the industry's urgent demand for semiconductor equipment growth in the context of Moore's Law slowdown.

A：The slowdown in Moore's Law has led to tremendous pressure on customers to make capital expenditures on wafer production lines, as the past model of electronic product increases without price increases may change in the future, and chip costs will be transmitted from the production side to the consumer side, so semiconductor equipment must pursue higher capacity and cost performance.

A：Our technical team is composed of a number of international technical experts, such as Dr. bright, who has served as the product director of a world-renowned equipment company and has many years of experience in cleaning and etching processes; another international technical expert, Mr. Mao, has developed international leading semiconductor equipment and stable mass production.

A：At present, the company has five major equipment platforms, of which semiconductor cleaning equipment (cube platform) has been mass produced on a large scale and has received repeated orders. Octopus equipment has been accepted by customers and the second generation of products has been developed for application in 28nm key cleaning process. High temperature sulfuric acid equipment was delivered in February this year and performed well in customer verification. Trough equipment and furnace tube equipment are under research and development, and important breakthroughs are expected in the future.

A：We acquired Xinkai Semiconductor in 2022 and led an international technical team by Zhong Weifeng. By August 2025, the equipment will be delivered, and by February 2026, the acceptance of the equipment has been completed at the client, with good customer feedback. At present, we have delivered more than 20 sets of semiconductor equipment of various types and served more than a dozen customers, with an average of 1 to 2 sets of equipment per customer. Although we have not yet reached the starting stage, the products are ready for volume release. Not only waist customers, but also some middle and upper quality customers have accepted and placed repeated orders or are close to completing the acceptance.

A：From the second half of the year to next year, the company's main goal is to enter the head customer base, including storage and logic. Initially, it will gain customer recognition through good application experience, indirect import, and the use of industry resources and technical response capabilities such as Dr. Liu Erzhuang, and help open up more opportunities through shareholder strength.

A：At present, in the field of cleaning equipment, such as high-temperature sulfuric acid equipment and furnace tube equipment, we have verification opportunities and positive progress, in some important customers are actively layout, is expected to bring positive business progress in the second half of this year.

A：cube equipment is our equipment based on architecture innovation to achieve productivity multiplication. Compared to the two-chamber equipment of international friends, our four-gun equipment only needs five units at the same capacity, thus saving the output, floor space and capital expenditure of a single equipment. This architectural innovation requires system-level design and can take up to one to two years.

A：We have made targeted improvements to the existing equipment, which is mainly manufactured by lam, and developed ultra-thin wafer processing capability, wafer edge control technology and non-effort transmission technology. Among them, the edge control technology has reached the industry-leading 0.2mm, which can meet the more stringent back cleaning process requirements. In addition, the company in the field of technical services and process applications to communicate with international manufacturers barrier-free, has a wealth of technology accumulation.

A：Our OCT equipment is the most productive in China, with a production capacity of 400 pieces/hour for 8 boxes and 520 pieces/hour for 12 boxes, all of which are 850 pieces/hour for international friends. Although not all application scenarios require peak production capacity, in large-scale fabs such as logic and power, there are high requirements for peak production capacity.

A：High temperature sulfuric acid cleaning equipment is a highly challenging process and is an important increment in advanced processes. The reason why high-temperature sulfuric acid is used as a cleaning agent is that its strong cleaning ability can solve the difficult cleaning problems caused by new materials and new film layers in the advanced process, such as photoresist film layers after ion implantation, metal residues and 10% Ni-button PT materials widely used in the advanced process.

A：This high-temperature sulfuric acid process plays an irreplaceable role in advanced processes and DRAM and Nand processes, because it can operate stably in high-temperature and highly corrosive environments and is essential for removing difficult-to-clean residues.

A：We are the only company in China that has realized this process and has been verified by customers, and successfully designed the shielding cover, which is the key to wafer defect control and ensure stable operation under extremely complex working conditions. In addition, our equipment in the liquid temperature reached 190 degrees, ahead of the main domestic competitors, and high temperature stability performance, better than the international mainstream manufacturers.

A：At present, our silicon nitride equipment has been successfully accepted and ALD equipment is being tested. Our furnace tube equipment not only standards international leading manufacturers in all aspects, but also has higher output efficiency. A batch of 125 pieces can be made, and it has covered technology nodes from 65 nm to 7 nm. Some of these equipment, such as LP and ALD equipment, have obvious advantages in China.

A：This device is essential for the deposition of high-quality dielectric layers in large-scale integrated circuits, and China currently implements an embargo on this device. But we have completed the design, are assembling equipment, industrial development in the domestic leading state.

A：At present, it mainly serves power, touch screen mixing and logic customers, but with the acceleration of the localization process, the future will gradually enter all kinds of customer groups, including waist, middle and head enterprises.

A：Q5 equipment is more widely used in the field of power devices, and is limited by its top four capacity in advanced processes, which is less flexible than eight-inch equipment (such as Octopus equipment). Nevertheless, our cleaning equipment is equally important in advanced processes, such as back cleaning equipment, which is expected to be our company's highest share of cleaning equipment in the short term. At the same time, our equipment technology can adapt to different process nodes and has certain technical advantages.

A：In the advanced process, the number of barbs in the cleaning equipment will increase significantly, from less than 100 channels to more than 300 channels. Whether it is DRAM or CD name, cleaning equipment is indispensable in the advanced process, and the demand will increase as the process improves.

A：Furnace tube equipment is an indispensable equipment in the field of thin film deposition, and with the increase of the number of layers in the storage stack, the requirements for thin film deposition are also increasing. According to our rough statistics, in the production line per 10,000 pieces of production capacity, different types of cleaning equipment use about 10 to 20 units, and the corresponding amount of film deposition furnace tube is about 20 to 30 units.

A：Values are not based on national averages, but are compared against data from major competitors (I. e., the only major equipment provider).

A：In the early stages, as technology and product capabilities have been recognized, the main bottleneck is to provide sufficient production experience and data to the head customers. The company team relies on its own resources, such as Liu Erzhuang's deep connections in the industry and the experience of the sales team, as well as the resource support of the controlling shareholder, to jointly promote the accumulation of market verification data. At this stage, strategic shareholders hold certain shares, but do not participate in the day-to-day operations of the company.

A：In some mature processes, it is true that customers do not need new equipment urgently for the time being due to low capacity utilization, which may lead to crowding out the opportunity to import new equipment. However, in the domestic advanced logic and storage fields, because the products and processes involved are new attempts, the use of old equipment for new process production is rare, and the procurement of new equipment is still the mainstream.