Crystal Growth & Energy Equipment Co Ltd: Market Update
Company Overview
Crystal Growth & Energy Equipment Co Ltd, listed on the Shanghai Stock Exchange, is a manufacturer and distributor of crystal growth equipment, including semiconductor-grade single crystal silicon furnaces, silicon carbide single crystal furnaces, and sapphire single crystal furnaces. The company operates primarily in China. As of August 21, 2025, the company’s close price was 40.83 CNY, with a 52-week high of 42.52 CNY on August 19, 2025, and a 52-week low of 21.02 CNY on September 22, 2024. The market capitalization stands at 5,649,487,953 CNY, with a price-to-earnings ratio of 155.45.
Recent Market Activity
On August 26, 2025, the Shanghai Stock Exchange announced the resumption of trading for three companies: Fly Leasing Co Ltd, Shaanxi Huada Co Ltd, and ST Huayang Co Ltd, following a suspension. Concurrently, two companies, ST Yulan and Jingsheng Co Ltd, were placed under suspension.
Jingsheng Co Ltd Developments
Jingsheng Co Ltd, a company involved in the crystal growth equipment sector, announced plans to acquire a controlling stake in Beijing Zeren Intelligent Technology Co Ltd. The acquisition is to be financed through the issuance of shares and cash payments. The company is currently in the planning stages, and the transaction is not yet classified as a major asset restructuring or related party transaction. The acquisition will not alter the company’s actual controller, and it will not lead to a restructuring listing. Jingsheng Co Ltd’s shares are expected to be suspended from trading starting August 26, 2025, with a suspension period not exceeding ten trading days.
Beijing Zeren, established in February 2014 with a registered capital of 15.88 million CNY, has developed a comprehensive system for R&D, production, sales, and services. The company has established a sales and service network across major electronic product manufacturing bases in China, serving several leading smartphone brands.
Market Reactions
Following the announcement, Jingsheng Co Ltd’s shares saw a 2.35% increase on August 25, 2025, closing at 41.79 CNY per share, with a total market value of 57.82 billion CNY.
Conclusion
The strategic acquisition by Jingsheng Co Ltd is a significant move in the crystal growth equipment industry, potentially enhancing its market position and capabilities. Investors and stakeholders will be closely monitoring the developments and their impact on the company’s future performance.