- Business
- Hangzhou Changchuan Technology Co., Ltd. (300604.SZ) researches, develops, produces and sells integrated circuit testing equipment and high-frequency communication materials for integrated circuit packaging and testing companies, wafer manufacturers and chip design companies. The company offers testers including high-power testers, analog testers, digital testers and SoC/memory testers; handlers such as gravity handlers, pick-and-place handlers and integrated handlers; probers; AOI optical inspection equipment comprising wafer optical appearance inspection equipment and circuit packaging optical appearance inspection equipment; as well as automatic equipment. Products serve applications in automotive electronics, 5G communications, cloud computing and other chip testing fields.
Founded in April 2008 and headquartered at No. 500 Chuangzhi Street, Binjiang District, Hangzhou, China, the company listed on the Shenzhen Stock Exchange's Growth Enterprise Market in April 2017 and employs over 4,000 staff, with more than 50% in research and development. It operates branches in Japan, Shanghai, Beijing, Chengdu, Harbin, Suzhou, Neijiang, Changsha, Hefei and other locations, with major markets in mainland China and Taiwan alongside expansion into the United States, United Kingdom, Germany, South Korea, Singapore, Malaysia, Thailand, the Philippines and additional countries. Subsidiaries and acquisitions include Singapore AOI equipment manufacturer STI, Japan's SATO semiconductor business department, Malaysia test equipment manufacturer EXIS and CoreVision Technology (Suzhou) Co., Ltd.
In recent developments, Hangzhou Changchuan Technology advances a private placement to raise up to RMB 3.132 billion, its largest direct financing since listing, to fund semiconductor equipment research and development projects including high-end SoC and memory testers as well as to supplement working capital. The company proposes acquiring the remaining 49% equity in CoreVision Technology for RMB 119 million at a premium exceeding five times net assets to achieve full ownership, integrate visual R&D capabilities and strengthen its testers-handlers-AOI product matrix. These moves accompany strong 2025 performance with third-quarter net profit forecasted to surge up to 215.75% year-over-year amid industry growth, alongside prior shareholder reductions by controlling parties.