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兆易创新年入74亿赴港IPO:股价曾应声下跌,“私募大佬”葛卫东位列股东

Core Viewpoint - Zhaoyi Innovation Technology Group Co., Ltd. has submitted its IPO application to the Hong Kong Stock Exchange, aiming to expand its capital base and enhance its market presence in the semiconductor industry [1]. Financial Performance - The company reported revenues of RMB 81.3 billion, RMB 57.61 billion, and RMB 73.56 billion for the years 2022, 2023, and 2024, respectively [1][2]. - The net profit attributable to equity shareholders was RMB 20.53 billion, RMB 1.61 billion, and RMB 11.03 billion for the same years [1][2]. - Gross profit margins were 45.5%, 30.3%, and 35.7% for 2022, 2023, and 2024, respectively [2]. Business Model and Product Offering - Zhaoyi Innovation operates under a fabless business model, focusing on the design and development of integrated circuits [1]. - The company offers a diverse range of chip products, including Flash, niche DRAM, MCU, analog chips, and sensor chips, along with corresponding algorithms and software solutions [1]. Market Position and Shareholder Information - The company was founded in April 2005 by Chairman Zhu Yiming and went public on the Shanghai Stock Exchange in August 2016, with a current market capitalization of RMB 80 billion [3]. - Zhu Yiming holds a 6.89% stake in the company, while notable shareholder Ge Weidong holds 2.82% [6][9]. IPO Context and Market Reaction - Following the announcement of its IPO plan on May 20, 2023, Zhaoyi Innovation's stock price experienced a decline of 6.54% on May 21, indicating potential market volatility related to the IPO [10]. - The company acknowledged that the stock price performance may be influenced by its capital operations related to the dual listing, but emphasized that long-term performance and growth remain the focus [10].