Total Investment of 5 Billion Yuan: Maysys Signs Agreement for Perovskite Tandem Solar Cell and Semiconductor Equipment Project

On March 18, Mawei Co., Ltd. (300751) signed agreements for the perovskite tandem battery equipment project and the semiconductor equipment R&D and manufacturing project. Suzhou Municipal Party Secretary Fan Bo and Mawei Co., Ltd. Chairman Zhou Jian attended the signing ceremony.

Mawei Co., Ltd. is a high-end semiconductor equipment manufacturer integrating mechanical design, electrical research, software development, and precision manufacturing. Since establishing in Wujiang District, Suzhou, in 2010, the company has focused on the solar photovoltaic, display, and semiconductor industries, achieving breakthroughs in several key equipment technologies from “domestic blank spots” to “global leadership.” The two projects signed this time are key components of Mawei’s strategic layout for the next 10 years, with a total investment of 5 billion yuan.

According to a notice released by Mawei Co., Ltd. on the evening of March 6, the perovskite tandem battery complete equipment project mainly focuses on the research and manufacturing of core equipment for perovskite tandem batteries. By building an advanced R&D platform, gathering top technical talent in the industry, and tackling key technological challenges, the project aims to scale up production and industrial application of complete equipment for perovskite tandem batteries, establish modern production workshops, purchase advanced manufacturing equipment, and promote large-scale production and market application of the equipment to increase market share in the industry. The total investment for this project is about 3.5 billion yuan, with planned land use of approximately 135 acres.

Mawei Co., Ltd. stated that this investment aligns closely with the company’s existing business and is an important part of its strategic layout. Once completed, it will help the company further consolidate its leading position in the photovoltaic equipment field. Through the research and manufacturing of core equipment for perovskite tandem batteries, the company aims to enhance its technological strength and market competitiveness in the photovoltaic equipment sector. Additionally, cooperation with the Wujiang Economic and Technological Development Zone Management Committee will provide favorable policy and industrial support, facilitating smooth project progress and long-term development. Financially, while the short-term impact on the company’s performance is limited, in the long run, as the project is gradually completed and put into operation, it is expected to bring new profit growth points and improve the company’s profitability and sustainable development capacity.

The semiconductor equipment R&D and manufacturing project, invested and constructed by Mawei’s controlling subsidiary Chenwei Equipment Technology (Suzhou) Co., Ltd. (referred to as “Chenwei Equipment”), mainly focuses on the research, manufacturing, and sales of intelligent high-end equipment for semiconductor production. The goal is to improve the company’s technological level and production capacity in semiconductor equipment, establishing a modern R&D center and production base equipped with advanced manufacturing and testing instruments to ensure high product quality and efficiency. The total investment for this project is about 1.5 billion yuan, with planned land use of approximately 83 acres.

It is understood that Chenwei Equipment mainly focuses on the R&D and manufacturing of front-end process equipment for semiconductor wafer fabrication. Its independently developed high-selectivity etching equipment and atomic layer deposition equipment have achieved key breakthroughs through differentiated technological innovation, and have entered mass production stages with several leading wafer and storage device customers.

Mawei Co., Ltd. stated that the “Semiconductor Equipment R&D and Manufacturing Project” will help Chenwei Equipment further focus on the development, manufacturing, and sales of intelligent high-end equipment for semiconductor production, enhancing its technological level and production capacity in the semiconductor equipment industry, and strengthening core competitiveness. At the same time, this investment will improve the company’s industrial layout in the semiconductor equipment field, enhancing overall strength and market position. Additionally, leveraging the favorable industrial environment and policy support of Wujiang Economic and Technological Development Zone will facilitate smooth project implementation and long-term growth, opening new business expansion opportunities for Chenwei Equipment and aligning with its strategic development plan.

(Source: Securities Times)