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杰华特递表港交所,正式开启港交所IPO征程
Ju Chao Zi Xun· 2025-06-15 01:29
Core Viewpoint - Jiewa Microelectronics Co., Ltd. has officially commenced its IPO journey on the Hong Kong Stock Exchange, focusing on becoming a leader in the global analog integrated circuit industry through its innovative and efficient product offerings [2]. Company Overview - Jiewa operates as a virtual IDM model, specializing in the research and development of analog integrated circuits, with a comprehensive core technology architecture that includes process, integrated circuit design, and system definition [2]. - The company offers a wide range of analog integrated circuit products, with approximately 2,200 models available for sale, including over 2,000 power management integrated circuit models, achieving industry-leading status in 2024 [2][4]. Market Position - According to Frost & Sullivan, Jiewa ranks eighth globally and fourth among Chinese analog integrated circuit companies in terms of revenue from power management integrated circuits in 2024 [3]. - In the Chinese market, Jiewa ranks sixth globally and second among local companies for DC-DC integrated circuit revenue in 2024 [3]. - The company also ranks fifth globally and second in China for revenue from power management integrated circuits in the communications market, and sixth globally and second in China for the computing and storage market [3]. Financial Performance - Jiewa's revenues for the years 2022, 2023, and 2024 were RMB 1,447.7 million, RMB 1,296.7 million, and RMB 1,678.8 million, respectively, indicating strong revenue growth in 2024 due to increased demand across various sectors [4]. - The company has significantly invested in R&D, with expenditures of RMB 304.7 million, RMB 499.4 million, and RMB 619.3 million for the years 2022, 2023, and 2024, representing 21.0%, 38.5%, and 36.9% of total revenue, respectively [4]. - As of December 31, 2024, Jiewa employed 776 R&D personnel, accounting for over 62.1% of its total workforce, with approximately 62.9% holding master's degrees or higher [4].
杰华特:2024年亏损6.11亿,赴港上市能否突围
He Xun Wang· 2025-06-06 15:03
【坐拥2200款芯片产品的杰华特赴港上市,业绩亏损与技术突围并存】 5月30日,浙江杰华特微电子股 份有限公司向港交所递交招股书,距其在科创板上市仅过去两年半,迈出"A+H"双地上市关键一步。 杰华特是专精特新"小巨人"企业,2024年营收16.79亿元,同比增29.46%,但亏损持续扩大,2023年净 亏5.33亿元,2024年扩至6.11亿元。 杰华特以电源管理芯片起家,产品多元,在中国电源管理芯片市场 跻身第一阵营。按收入计,其在全球模拟集成电路公司排第八,中国排第四。 2022 - 2024年,杰华特 营收年复合增长率7.69%,但净利润从盈利1.36亿元降至亏损6.11亿元。亏损扩大主因2023年行业周期 性下滑及存货资产减值。 2022 - 2024年,杰华特存货分别为7.83亿、8.74亿及8.55亿元,存货周转天数 增加,存货减值亏损放大。2025年一季度存货仍高,有减值风险。 2022 - 2024年,杰华特研发支出分 别为3.05亿、4.99亿及6.19亿元,占收入比重高。大量投入用于产品开发和工艺平台改进。 2024年杰华 特营收增长,但毛利率仅15.12%,远低于2022年。产品价格承 ...
新股前瞻丨芯片小巨人,杰华特赴港输血谋翻盘
智通财经网· 2025-06-06 12:57
Core Viewpoint - Zhejiang Jiewa Technology Co., Ltd. (Jiewa) is attempting to open new financing channels through a dual listing on the Hong Kong Stock Exchange after its previous listing on the Sci-Tech Innovation Board, despite facing significant losses amid industry challenges [1][18]. Group 1: Company Overview - Jiewa was established in March 2013 and operates as a virtual IDM model focusing on analog chips, primarily in power management [1]. - The company has developed a diverse product matrix, including four major power management product lines and five signal chain product lines, with a total of 2,200 integrated circuit products [2][1]. Group 2: Financial Performance - Jiewa's revenue for 2024 is projected to reach 1.679 billion yuan, representing a year-on-year growth of 29.46%, but the net loss is expected to widen from 533 million yuan in 2023 to 611 million yuan in 2024 [2][1]. - The company's revenue from 2022 to 2024 shows a compound annual growth rate of 7.69%, while net profit has declined from a profit of 136 million yuan in 2022 to a loss of 611 million yuan in 2024 [2][3]. Group 3: Inventory and Losses - Jiewa's inventory has increased from 783 million yuan in 2022 to 855 million yuan in 2024, with a significant rise in inventory impairment losses from 21 million yuan in 2022 to 205 million yuan in 2024 [5][9]. - The inventory turnover days have also increased, indicating a growing challenge in managing inventory effectively, with turnover days recorded at 217.1, 264.4, and 221.5 days from 2022 to 2024 [7][8]. Group 4: R&D Investment - The company has significantly increased its R&D expenditure, which rose from 305 million yuan in 2022 to 619 million yuan in 2024, accounting for 21.0%, 38.5%, and 36.9% of revenue during these years [9][10]. - Jiewa has launched approximately 400 new product models in 2023 and 2024, focusing on improving its BCD process technology [10]. Group 5: Market Position and Future Prospects - Jiewa ranks eighth globally and fourth in China for power management integrated circuits, with notable positions in the DC-DC and communication power management sectors [2][1]. - The company is focusing on technological breakthroughs, particularly in DrMOS and multi-phase controller products, which are expected to be key to improving performance and capturing market share in the growing AI and electric vehicle sectors [11][12][14]. Group 6: Strategic Moves - Jiewa is planning to acquire a 40.89% stake in Nanjing Tianyi Hexin Electronics, which specializes in high-performance sensor chips and analog chip design, to enhance its product offerings in the signal chain category [17][18]. - The company aims to alleviate financial pressure through its upcoming listing on the Hong Kong Stock Exchange, although it faces challenges such as high inventory levels and declining gross margins [18].
杰华特(688141) - 北京竞天公诚(杭州)律师事务所关于杰华特微电子股份有限公司2025年第一次临时股东大会的法律意见书
2025-06-06 12:30
浙江省杭州市上城区钱江路 1366 号华润大厦 A 座 3001 邮编:310017 电话:(86-571)89926500 传真:(86-571)89926501 北京竞天公诚(杭州)律师事务所 关于杰华特微电子股份有限公司 2025 年第一次临时股东大会的法律意见书 致:杰华特微电子股份有限公司 北京竞天公诚(杭州)律师事务所(以下简称"本所")接受杰华特微电子股 份有限公司(以下简称"公司")委托,指派本所律师对公司 2025 年第一次临时 股东大会(以下简称"本次会议")的合法性进行见证并出具法律意见书。 本所及本所律师依据《中华人民共和国证券法》(以下简称"证券法")、《律 师事务所从事证券法律业务管理办法》和《律师事务所证券法律业务执业规则(试 行)》等规定及本法律意见书出具日以前已经发生或者存在的事实,严格履行了 法定职责,遵循了勤勉尽责和诚实信用原则,进行了充分的核查验证,保证本法 律意见书所认定的事实真实、准确、完整,所发表的结论性意见合法、准确,不 存在虚假记载、误导性陈述或重大遗漏,并承担相应法律责任。 本法律意见书根据《中华人民共和国公司法》(以下简称"《公司法》")、 《证券法》、中 ...
杰华特(688141) - 2025年第一次临时股东大会决议公告
2025-06-06 12:30
证券代码:688141 证券简称:杰华特 公告编号:2025-035 杰华特微电子股份有限公司 2025年第一次临时股东大会决议公告 本公司董事会及全体董事保证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。 重要内容提示: (三) 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况: | 1、出席会议的股东和代理人人数 | 239 | | --- | --- | | 普通股股东人数 | 239 | | 2、出席会议的股东所持有的表决权数量 | 197,825,677 | | 普通股股东所持有表决权数量 | 197,825,677 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 44.2681 | | 例(%) | | | 普通股股东所持有表决权数量占公司表决权数量的比例(%) | 44.2681 | 本次会议是否有被否决议案:无 一、 会议召开和出席情况 (一) 股东大会召开的时间:2025 年 06 月 06 日 (四) 表决方式是否符合《公司法》及公司章程的规定,大会主持情况等。 本次股东大 ...
杰华特报考港股上市:连续两年亏损,毛利率下滑明显
Sou Hu Cai Jing· 2025-06-02 23:58
Core Viewpoint - Jiewa Microelectronics Co., Ltd. (referred to as "Jiewa") has submitted its prospectus for listing on the Hong Kong Stock Exchange, aiming to become an "A+H" listed company after its initial public offering on the Shanghai Stock Exchange in December 2022 [1][3]. Company Overview - Jiewa is a virtual IDM model semiconductor design company focused on the research and development of analog integrated circuits, with a registered capital of approximately 447 million yuan [3]. - The company was established in March 2013 and is located in Hangzhou, Zhejiang Province [3]. Financial Performance - Jiewa's revenue for the years 2022, 2023, and 2024 was approximately 1.448 billion yuan, 1.297 billion yuan, and 1.679 billion yuan, respectively, with gross profits of 557 million yuan, 153 million yuan, and 254 million yuan [5][6]. - The company reported net losses of approximately 136 million yuan in 2022, 533 million yuan in 2023, and 611 million yuan in 2024 [5][7]. Product Portfolio - Jiewa's product offerings primarily include power management integrated circuits and signal chain integrated circuits, with around 2,200 models available for sale as of December 31, 2024 [4][8]. - Revenue from power management integrated circuits accounted for approximately 95.5%, 98.5%, and 98.0% of total revenue in 2022, 2023, and 2024, respectively [8]. Sales and Cost Analysis - The total sales volume for Jiewa was approximately 3.387 billion units in 2022, 4.275 billion units in 2023, and 5.784 billion units in 2024, indicating a significant increase in sales volume [9]. - Despite the increase in sales volume, revenue growth was limited, with a 10.4% decrease in 2023 attributed to a decline in average selling prices across all product categories [9][10]. - The company's costs increased significantly, with costs of approximately 891 million yuan, 1.144 billion yuan, and 1.425 billion yuan for the respective years, reflecting increases of 28.3% and 24.6% in 2023 and 2024 [9].
新股消息 | 杰华特递表港交所 公司专注于模拟集成电路的研发
智通财经网· 2025-05-30 09:22
Core Viewpoint - Jiewa Microelectronics Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor, focusing on the design and development of analog integrated circuits [1][3]. Company Overview - Jiewa operates as a virtual IDM (Integrated Device Manufacturer) specializing in analog integrated circuit design, aiming to become a leader in the global analog integrated circuit industry [1][3]. - The company has developed proprietary and internationally advanced process platforms for integrated circuit production, offering a comprehensive range of analog integrated circuit products [3]. Product Portfolio - The product lineup includes power management integrated circuits and signal chain integrated circuits, with approximately 2,200 models available for sale as of December 31, 2024, including over 2,000 power management integrated circuit models [3]. Supplier Relationships - Major suppliers consist of wafer fabs and integrated circuit packaging and testing service providers. The procurement amounts from the top five suppliers for 2022, 2023, and 2024 were approximately RMB 1.1535 billion, RMB 0.9113 billion, and RMB 1.0525 billion, accounting for 74.8%, 69.4%, and 69.0% of total procurement, respectively [3]. Financial Performance - Revenue for the fiscal years 2022, 2023, and 2024 was approximately RMB 1.448 billion, RMB 1.297 billion, and RMB 1.679 billion, respectively. The net profit/loss for the same periods was approximately RMB 136 million, -RMB 533 million, and -RMB 611 million [3][5]. - The gross profit margins for these years were 38.5%, 11.8%, and 15.1%, indicating a significant decline in profitability in 2023 [5][7]. Research and Development - R&D expenses for the fiscal years 2022, 2023, and 2024 were RMB 304.7 million, RMB 499.4 million, and RMB 619.3 million, representing 21.1%, 38.5%, and 36.9% of total revenue, respectively [5][7].
杰华特(688141) - 关于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
2025-05-30 09:16
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")已于2025年5月30日向 香港联合交易所有限公司(以下简称"香港联交所")递交了在境外发行股份 (H股)并在香港联交所主板上市(以下简称"本次发行")的申请,并于同 日在香港联交所网站刊登了本次发行的申请资料。该申请资料为公司按照香港 证券及期货事务监察委员会及香港联交所的要求编制和刊发,为草拟版本,其 所载资料可能会适时作出更新和变动。 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外证券投资的境内合格投资者,公司将不会在境内证 券交易所的网站和符合监管机构规定条件的媒体上刊登该申请资料,但为使境 内投资者及时了解该等申请资料披露的本次发行以及公司的其他相关信息,现 提供该申请资料在香港联交所网站的查询链接供查阅: 中文: https://www1.hkexnews.hk/app/sehk/2025/107413/documents/sehk25053000 767_c.pdf 英文: h ...
杰华特:向香港联交所递交H股发行及上市申请
news flash· 2025-05-30 09:01
Core Viewpoint - The company has submitted an application for issuing H-shares and listing on the Hong Kong Stock Exchange on May 30, 2025 [1] Group 1 - The application materials are in draft form and may be updated or changed over time [1] - The company will not publish the application materials on domestic stock exchange websites or media that meet regulatory requirements [1] - A link to the application materials on the Hong Kong Stock Exchange website is provided for domestic investors to access relevant information [1]
杰华特微电子股份有限公司向港交所提交上市申请书
news flash· 2025-05-30 08:51
据港交所文件:杰华特微电子股份有限公司向港交所提交上市申请书。 ...