Jifeng Electronics' GEM IPO passed the listing committee meeting as a full-function one-stop service provider for semiconductor testing
The Zhitong Finance App learned that on October 15, Shanghai Jifeng Electronics Co., Ltd. (Jifeng Electronics for short) passed the Shenzhen Stock Exchange GEM Listing Committee meeting. The IPO sponsor is Everbright Securities, which plans to raise $9237.5 million.
According to the prospectus, Ji Feng Electronics is a full-function, one-stop solution provider for inspection services and inspection hardware products in the semiconductor field. It provides third-party laboratory testing and analysis services, inspection hardware products, mass industry (mass production testing and electronics manufacturing services), engineering sample packaging and other services for the testing needs of enterprises in the entire semiconductor industry chain, such as chip design, wafer manufacturing, and packaging.
The inspection services and inspection hardware products provided by the company can fully cover various types of chips such as digital, analog, storage, power, RF and complex SoC, and have inspection service capabilities for high-end chips such as CPUs, GPUs, memory chips, AI chips, etc., and can meet the inspection needs of advanced manufacturing processes (the most advanced process cases already cover 3nm chips), advanced packaging (2.5D, 3D packaging, etc.), mature manufacturing processes and characteristic processes.
The composition of the company's main business revenue for each period of the reporting period is as follows:
The company has established subsidiaries in semiconductor industry clusters such as Shanghai, Beijing, Hangzhou, Shenzhen, and Chengdu, which can better approach key customers and improve response speed and service quality. With full functionality, one-stop model, and excellent technical strength and service quality, the company has established cooperative relationships with more than 3,000 customers in the semiconductor industry chain. The customers cover all aspects of chip design, wafer manufacturing, packaging and testing, including well-known companies such as customer D, ZTE, Qualcomm, customer H, Huahong Hongli, and Changdian Technology.
The company's core business is an important supporting link in key technical research, engineering verification and quality reliability assurance in the integrated circuit industry chain. It has a positive effect on China's semiconductor industry to achieve technological evolution, process progress and quality improvement, and thus achieve independent development. It is consistent with the policy direction of the entire chain during the “15th Five-Year Plan” period to promote key core technology research in key areas such as integrated circuits, and is in line with the country's strategic direction for developing the integrated circuit industry.
On the financial side, in 2023, 2024 and 2025, the company achieved operating income of about 443 million yuan, 583 million yuan, and 669 million yuan respectively; for the same period, net profit was 204.541 million yuan, 54.3755 million yuan, and 91.555 million yuan, respectively.
