Taosheng Technology's Science and Technology Innovation Board IPO “terminated” and ranked first in China in terms of revenue scale for chip testing interfaces

The Zhitong Finance App learned that on July 29, the IPO review status of Shanghai Taosheng Electronic Technology Co., Ltd. (abbreviation: Taosheng Technology) was changed to “terminated” on the Shanghai Stock Exchange Science and Technology Innovation Board. As Taosheng Technology and its sponsor withdrew its listing application, the Shanghai Stock Exchange terminated its issuance and listing review in accordance with the relevant provisions of Article 63 of the “Shanghai Stock Exchange Stock Issuance and Listing Review Rules”.

According to the prospectus, the company focuses on the field of semiconductor test interfaces. Its main products include chip test interfaces, probe cards, etc., and mainly provide customers with key test hardware solutions in various parts of the industry chain such as downstream chip design, wafer manufacturing, and package testing.

The company is one of the first enterprises in China to independently develop chip test interfaces and achieve large-scale mass production. It has achieved domestic replacement and autonomous control of high-end chip test interfaces. The company adheres to the path of independent innovation and development, and provides a full set of chip test interface technology solutions for hardware technology customers in various emerging fields such as artificial intelligence, autonomous driving, and advanced storage. The products cover high-end digital chips represented by CPUs, GPUs, and AI chips, and advanced packaging chips represented by 2.5D/3D packaging, CoWOS packaging, PoP packaging, and Chiplet packaging. According to open market data disclosed by Yole, in 2024, the company's chip test interface revenue scale ranked first in China. Based on the company's sales revenue, the company's sales in 2024 ranked 11th in the global chip test interface field.

In the field of chip testing and interface, the company formed a significant first-mover advantage with its early layout, and its core technical capabilities and solution reserves are in a leading position. The company has the ability to independently develop and manufacture high-speed high-frequency test probes, and has formed hundreds of test probe technology solutions, which can accurately match the testing needs of different chip types; at the same time, during the reporting period, the company has developed more than 4,000 chip test interface technology solutions, which can meet strict testing requirements in multiple scenarios such as high and low temperature, durability, high current, and high power consumption from R&D to mass production. The company formed a variety of high-end chip test interface precision manufacturing processes, successfully breaking through the bottleneck of micro and nano precision manufacturing of chip test interfaces.

The company is deeply involved in the field of chip testing interfaces, and can accurately match the individual needs of customers in various fields such as artificial intelligence, autonomous driving, mobile phone SoC, advanced storage, etc., and provide customized chip test interface solutions covering the entire process: in the field of artificial intelligence, the company has deeply served leading chip companies such as customer X, customer Z, Mu Xi shares, and Moore Thread to provide key support for the testing process of AI chips from R&D to mass production, helping China's artificial intelligence industry to be autonomous and controllable; in the field of autonomous driving, the company covers autonomous driving technology leaders such as Horizon and Momenta, as well as ideal cars Among well-known car companies, such as NIO Auto, during the reporting period, the company became the largest supplier of Horizon chip test interfaces with stable technical strength and delivery capabilities; in the mobile phone SoC field, the company continued to provide chip test interface solutions for customers X, Xiaomi Xuanjing and other companies, providing key test hardware for “China Chip” to break foreign monopolies; in the field of advanced storage, the company successfully developed the first domestic DSA chip test interface for Changjiang Storage that can achieve parallel testing of 512 memory chips, effectively helping the local storage industry chain achieve domestic replacement for key links.

On the financial side, in 2022, 2023, 2024, and January-June 2025, the company achieved operating income of approximately 165 million yuan, 209 million yuan, 331 million yuan, and 192 million yuan. For the same period, net profit was 174.16,700 yuan, -8.2292 million yuan, 12.656 million yuan, and 8.3756 million yuan, respectively.