Shenzhen China Micro Semicon (SH:688380) 智通财经网·2025-09-23 22:45Core Viewpoint - Zhongwei Semiconductor (Shenzhen) Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities International as the sole sponsor [1] Company Overview - Zhongwei Semiconductor is a leading provider of intelligent control solutions in China, specializing in the design and delivery of integrated circuit chips, with microcontrollers (MCUs) as the core of its products [3] - The company is one of the earliest domestic enterprises to independently develop and design MCUs, maintaining a leading position in the industry due to its first-mover advantage and continuous innovation [3] - In terms of shipment volume, Zhongwei Semiconductor ranks first in China for MCUs in 2024, while it ranks third based on revenue [3] Product and Market Position - The company's MCU chip products hold a leading market position in China's consumer electronics and smart home appliance sectors, ranking first in the smart home appliance MCU market and second in the consumer electronics MCU market in 2024 [4] - Zhongwei Semiconductor has successfully entered high-growth sectors such as industrial control and automotive electronics, focusing on brushless DC motors (BLDC) in industrial control and developing advanced M4 and RISC-V architecture automotive-grade products [4] - The company has achieved product deployment in niche areas such as artificial intelligence (AI), data centers, and robotics, driven by technological accumulation and forward-looking business insights [4] Financial Performance - For the fiscal years 2022, 2023, and 2024, Zhongwei Semiconductor reported revenues of approximately 637 million, 714 million, and 912 million RMB, respectively [5] - The company experienced a net profit of 59.34 million RMB in 2022, a loss of 21.95 million RMB in 2023, and a projected profit of approximately 136.83 million RMB in 2024 [5][6] - The gross profit for the same years was 240.44 million RMB in 2022, 69.23 million RMB in 2023, and is expected to be 260.67 million RMB in 2024 [6]