Novosense(SH:688052) 智通财经网·2025-04-25 13:36Core Viewpoint - Suzhou Naxin Microelectronics Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, with CICC, CITIC Securities, and Jianyin International as joint sponsors [1] Company Overview - Naxin Micro is a leading provider of analog chips in China, focusing on automotive electronics, energy, and consumer electronics, offering high-performance and reliable products and solutions [4] - The company's product categories include sensors, signal chain chips, and power management chips, forming a complete system link from perception to signal processing and power supply [4] Market Position - According to Frost & Sullivan, Naxin Micro ranks fifth among Chinese manufacturers in the analog chip market based on revenue for 2024 [5] - It is the only company among the top ten Chinese analog chip manufacturers to focus on sensors, signal chain chips, and power management chips [5] - In the automotive analog chip market, Naxin Micro ranks first among Chinese manufacturers and second among all fabless manufacturers for 2024 [5] - The company holds the first position in the digital isolator chip market among Chinese manufacturers, with a market share of 15.6% [5] - Naxin Micro also leads the magnetic sensor market among Chinese manufacturers, with a market share of 7.1% [5] Financial Performance - Revenue for Naxin Micro was approximately RMB 1.67 billion in 2022, RMB 1.31 billion in 2023, and is projected to be RMB 1.96 billion in 2024 [6] - The company reported a profit of approximately RMB 250 million in 2022, a loss of RMB 305 million in 2023, and is expected to incur a loss of RMB 403 million in 2024 [6] - The gross profit margin decreased from 48.5% in 2022 to 28.0% in 2024, indicating increasing cost pressures [7]