合肥晶合集成筹划赴港IPO 深化国际化战略布局

Core Viewpoint - A semiconductor company, Jinghe Integrated, is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and competitiveness [1][3]. Group 1: Company Strategy and Developments - Jinghe Integrated aims to deepen its international strategy, accelerate overseas business development, and improve its brand image by leveraging international capital market resources [1][3]. - The company is currently discussing the specifics of the H-share listing with relevant intermediaries, and this move will not change the controlling shareholder or actual controller [3]. - Prior to the H-share listing, Jinghe Integrated secured a strategic investment from Huakin Technology, which will acquire a 6% stake at a price of 19.88 yuan per share, totaling 2.39 billion yuan [3][5]. Group 2: Financial Performance - For the first half of 2025, Jinghe Integrated expects revenue between 5.07 billion yuan and 5.32 billion yuan, representing a year-on-year growth of 15.29% to 20.97% [6]. - The projected net profit attributable to shareholders is between 260 million yuan and 390 million yuan, indicating a significant increase of 39.04% to 108.55% year-on-year [6]. - The company attributes its performance improvement to increased product sales and high capacity utilization, alongside a focus on expanding application areas and developing high-end products [6]. Group 3: Product Development and Market Position - Jinghe Integrated is a leading semiconductor wafer manufacturer, producing various chips used in consumer electronics and office products, with a strong overlap with Huakin Technology's existing product lineup [5]. - The company has achieved mass production of its 40nm high-voltage OLED display driver chips and 55nm CIS chips, with ongoing development of 28nm chips expected to enter risk production by the end of the year [7]. - Continuous investment in R&D, with a 15% increase compared to the previous year, is aimed at ensuring ongoing technological innovation and enhancing market competitiveness [6].