Beijing Zhongke Keyi

The story of Beijing Zhongke Keyi, or KYKY, begins not in a garage, but within the state-run Chinese Academy of Sciences. Established in 1958 as the Scientific Instrument Factory, its initial mission was to serve national scientific endeavors, contributing to major projects like the country's first satellites. The company's DNA was forged in high-level research, developing China's first scanning electron microscope, first turbo-molecular pump, and first commercial helium leak detector. A pivotal moment arrived in 2000 when the institution underwent a significant transformation. It transitioned from a state-funded research body into a market-oriented enterprise, becoming the first entity of the Chinese Academy of Sciences to complete such a change. This shift, led by figures like then-chairman Zhang Yongming, was a profound cultural change from relying on state funding to competing for business. The new entity, Beijing Zhongke Keyi Technology Development, had to learn how to turn its scientific achievements into commercially viable products for sectors like semiconductor manufacturing, new materials, and aerospace. This strategic pivot from pure research to industrial application proved successful. KYKY established itself as a leader in China's vacuum technology and scientific instrument market. The company has since pursued public listings, initially exploring a STAR Market IPO in 2020 before withdrawing the application and later targeting the Beijing Stock Exchange, signaling its ambition for further growth and capital market access.