Company Overview - Jiewa Microelectronics Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor [2] - The company previously submitted a listing application on May 30, 2025 [2] - Jiewa is ranked 13th globally in the analog integrated circuit market by revenue, with a market share of 0.9% in 2024 [6] Business Model - Jiewa operates as an Integrated Device Manufacturer (IDM) focusing on the research and development of analog integrated circuits [4] - The company collaborates with foundries for production while developing proprietary process platforms to control key production steps [4] Product Portfolio - The product lineup includes power management integrated circuits and signal chain integrated circuits, with approximately 3,400 models available for sale as of October 31, 2025 [5] - Over 2,100 models are specifically power management integrated circuits [5] Market Position - In the Chinese market, Jiewa ranks 8th globally and 4th among Chinese companies in power management integrated circuits, with a market share of 1.3% [6] - The company ranks 6th globally and 2nd among Chinese companies in DC-DC integrated circuits, holding a market share of 1.9% [6] - In the communications market, Jiewa ranks 5th globally and 2nd in China for power management integrated circuits, with a market share of 3.0% [6] Financial Performance - Revenue for the year ending December 31, 2022, was approximately RMB 1.45 billion, with a gross profit margin of 38.5% [8][11] - The company reported a loss of RMB 533 million for the year ending December 31, 2023, with a gross profit margin of 11.8% [9][11] - Projected revenue for 2024 is RMB 1.68 billion, with a gross profit margin expected to improve to 15.1% [8][11] Industry Overview - The global integrated circuit market is projected to grow from RMB 2.49 trillion in 2020 to RMB 3.61 trillion by 2024, with a compound annual growth rate (CAGR) of 9.7% [12] - The Chinese integrated circuit market is expected to expand from RMB 0.88 trillion in 2020 to RMB 1.45 trillion by 2024, with a CAGR of 13.3% [12] - Key drivers for growth include advancements in artificial intelligence, automotive electronics, and communication technologies [12]

智通财经APP讯，杰华特(688141.SH)发布公告，公司正在进行申请境外发行股份(H股)并在香港联交所 主板上市的相关工作。公司已于2025年5月30日向香港联交所递交了本次发行的申请，并在香港联交所 网站刊登了本次发行的申请资料。根据公司本次发行的时间安排及香港联交所的相关规定，公司已于 2026年1月13日向香港联交所重新递交了本次发行的申请，并于同日在香港联交所网站刊登了相关更新 文件。 ...

Company Overview - Jiewa Technology Co., Ltd. operates as a design enterprise for analog integrated circuits, focusing on research and development of these circuits [3] - The company employs a virtual IDM model, collaborating with foundries for production while developing proprietary process platforms for integrated circuit manufacturing [3] Product Portfolio - Jiewa's product offerings include approximately 3,400 integrated circuit models, with over 2,100 being power management integrated circuits [4] - The company specializes in power management integrated circuits and signal chain integrated circuits, providing a diverse range of products for various applications [4] Market Position - In the Chinese analog integrated circuit market, Jiewa is ranked 13th globally with a market share of 0.9% as of 2024 [5] - The company ranks 8th globally and 4th among Chinese companies in the power management integrated circuit segment, holding a market share of 1.3% [5] - Jiewa ranks 6th globally and 2nd among Chinese companies in the DC-DC integrated circuit segment, with a market share of 1.9% [5] - In the communications market, Jiewa ranks 5th globally and 2nd in China for power management integrated circuits, with a market share of 3.0% [5] Financial Performance - Revenue for Jiewa in 2022, 2023, 2024, and the ten months ending October 31, 2025, was approximately RMB 1.447 billion, RMB 1.297 billion, RMB 1.679 billion, and RMB 2.113 billion respectively [8] - The company reported a profit of RMB 136 million in 2022, followed by losses of RMB 533 million in 2023, RMB 611 million in 2024, and RMB 496 million in 2025 [9] - Gross profit margins for the same periods were 38.5%, 11.8%, 15.1%, and 22.6% respectively [11] Industry Overview - The global integrated circuit market is projected to grow from RMB 2.49 trillion in 2020 to RMB 3.61 trillion by 2024, with a compound annual growth rate (CAGR) of 9.7% [12] - In China, the integrated circuit market is expected to expand from RMB 0.88 trillion in 2020 to RMB 1.45 trillion by 2024, with a CAGR of 13.3% [12] - The growth is driven by advancements in artificial intelligence, automotive electronics, and communication technologies [12]

Company Overview - Jiewa Technology Co., Ltd. operates as an integrated circuit design company focusing on analog integrated circuits, utilizing a virtual IDM model for research and development [3][4] - The company offers a comprehensive range of analog integrated circuit products, including power management and signal chain integrated circuits, with approximately 3,400 models available for sale as of October 31, 2025 [4] Market Position - In the Chinese analog integrated circuit market, Jiewa is ranked 13th globally with a market share of 0.9% as of 2024 [5] - The company ranks 8th globally and 4th among Chinese companies in the power management integrated circuit segment, holding a market share of 1.3% [5] - Jiewa ranks 6th globally and 2nd among Chinese companies in the DC-DC integrated circuit segment, with a market share of 1.9% [5] - In the communications market, Jiewa ranks 5th globally and 2nd in China for power management integrated circuits, with a market share of 3.0% [5] Financial Performance - Revenue for Jiewa was approximately RMB 1.447 billion in 2022, RMB 1.297 billion in 2023, RMB 1.679 billion in 2024, and is projected to reach RMB 2.113 billion in 2025 [8] - The company reported a profit of RMB 136 million in 2022, but incurred losses of RMB 533 million in 2023, RMB 611 million in 2024, and RMB 496 million in 2025 [9] - Gross profit margins were 38.5% in 2022, dropping to 11.8% in 2023, and recovering to 22.6% in 2025 [11] Industry Overview - The global integrated circuit market is projected to grow from RMB 2.49 trillion in 2020 to RMB 3.61 trillion by 2024, with a compound annual growth rate (CAGR) of 9.7% [12] - The Chinese integrated circuit market is expected to expand from RMB 0.88 trillion in 2020 to RMB 1.45 trillion by 2024, with a CAGR of 13.3% [12] - Key drivers of growth include advancements in artificial intelligence, automotive electronics, and communication technologies [12]

证券代码：688141 证券简称：杰华特 公告编号：2026-001 杰华特微电子股份有限公司 关于重新向香港联合交易所有限公司递交H股发行及 上市的申请并刊发申请资料的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 杰华特微电子股份有限公司（以下简称"公司"）正在进行申请境外发行 股份（H股）并在香港联合交易所有限公司（以下简称"香港联交所"）主板 上市（以下简称"本次发行"）的相关工作。公司已于2025年5月30日向香港 联交所递交了本次发行的申请，并在香港联交所网站刊登了本次发行的申请资 料。 根据公司本次发行的时间安排及香港联交所的相关规定，公司已于2026 年1月13日向香港联交所重新递交了本次发行的申请，并于同日在香港联交所 网站刊登了相关更新文件。该申请材料为公司按照香港联交所及香港证券及期 货事务监察委员会的要求编制和刊发，为草拟版本，其所载资料可能会适时作 出更新及修订，投资者不应根据其中的资料作出任何投资决定。 鉴于本次发行的认购对象仅限于符合相关条件的境外投资者及依据中国 相关法律法规有权进行境 ...

Group 1 - The core point of the article is that Jiewa Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor [1] - Jiewa is a manufacturer operating under a virtual integrated device model, focusing on the research and development of analog integrated circuits [1] - The company previously submitted a listing application to the Hong Kong Stock Exchange on May 30, 2025 [1]

Group 1 - The core point of the article is that Jiewa Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor [1] - Jiewa is an analog integrated circuit design company that operates under a virtual integrated device manufacturing model, focusing on the research and development of analog integrated circuits [1] Group 2 - The company previously submitted a listing application to the Hong Kong Stock Exchange on May 30, 2025 [1] - The application includes details about the number of H-shares to be issued, which is contingent upon certain conditions [2] - The face value of each H-share is set at RMB 1.00 [2]

Core Viewpoint - Jiewa Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor, indicating a strategic move to enhance its market presence and capital access [1]. Group 1: Company Overview - Jiewa Technology is a manufacturer operating under a virtual integrated device model, focusing on the research and development of analog integrated circuits [1]. Group 2: Listing Details - The company previously submitted a listing application to the Hong Kong Stock Exchange on May 30, 2025 [1]. - The face value of each H share is set at RMB 1.00 [3].

格隆汇1月13日｜杰华特微电子股份有限公司向港交所提交上市申请书，独家保荐人为中信证券。 ...

Investment Strategy - The report emphasizes focusing on FAB and storage manufacturers that are expanding production and the recovery cycle of analog chips [3] - Longxin plans to raise 29.5 billion yuan, while SMIC Southern will receive a total cash contribution of 7.778 billion USD from shareholders [3] - Recommended companies include SMIC, Hua Hong Semiconductor, Zhongwei Company, and others [3] Market Trends - Microchip CEO noted a broad recovery in multiple end markets, with initial orders for the new quarter significantly better than the same period last year [3] - The storage demand is driven by AI, with prices still in an upward cycle; TrendForce predicts a 55-60% increase in general DRAM contract prices for Q1 2026 [3][30] Company Performance - The semiconductor index rose by 4.47% in December 2025, underperforming the electronics sector by 0.69 percentage points but outperforming the CSI 300 index by 2.19 percentage points [8] - Notable stock performances included Micron Technology (+20.74%) and Microchip Technology (+18.92%) [10] Semiconductor Sales Data - Global semiconductor sales reached 75.28 billion USD in November 2025, marking a year-on-year increase of 29.8% [26] - China’s semiconductor sales accounted for 26.9% of the global total, with a year-on-year growth of 15% [36] Price Trends in Storage - DRAM and NAND Flash contract prices increased in November, with DRAM prices rising from 7.00 USD to 8.10 USD and NAND Flash prices from 5.19 USD to 4.35 USD [30] - Predictions indicate a 55-60% increase in general DRAM contract prices and a 33-38% increase in NAND Flash prices for Q1 2026 [30][32]