Workflow
新股消息 | 飞骧科技递表港交所 专注于设计、研发和销售射频前端芯片
智通财经网·2025-08-28 23:40

Core Viewpoint - Shenzhen Feiyang Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Guosen Securities (Hong Kong) as the sole sponsor [1] Company Overview - Feiyang Technology is a fabless semiconductor company based in China, focusing on the design, research, and sales of RF front-end chips, with applications in mobile smart devices, Wi-Fi products, smart homes, IoT, automotive communication, and satellite communication [4][5] - The company is a leading supplier of power amplifiers (PA) and PA integrated transceiver modules, ranking fifth globally and first among Chinese companies in terms of revenue for PA and PA integrated transceiver modules by 2024 [4] - Feiyang Technology's products support multiple network standards, including 5G, 4G, 3G, 2G, Wi-Fi, and NB-IoT, and are compatible with mainstream cellular baseband communication platforms and Wi-Fi platforms [4] Business Model - The company adopts a fabless business model, outsourcing wafer manufacturing, packaging, and testing to foundries and service providers, allowing it to focus on high-value-added segments such as chip R&D and sales [5] - Feiyang Technology's advanced RF technology emphasizes PA, low-noise amplifiers (LNA), high-power tuning switches, filters, integrated modules, and advanced packaging [5] Market Growth - The global RF front-end chip market is expected to grow from RMB 159.5 billion in 2024 to RMB 234.3 billion in 2029, with a compound annual growth rate (CAGR) of 10.1% [6] - The Chinese RF front-end chip market is projected to increase from RMB 33.6 billion in 2024 to RMB 53 billion in 2029, with a CAGR of 12.1% [6] Financial Performance - For the fiscal years 2022, 2023, and 2024, Feiyang Technology reported revenues of approximately RMB 1.021 billion, RMB 1.717 billion, and RMB 2.458 billion, respectively [6][7] - The company experienced net losses of approximately RMB 360.96 million in 2022, RMB 193.46 million in 2023, and a projected profit of RMB 76.29 million in 2024 [6][7]