Amlogic(SH:688099) Ju Chao Zi Xun·2025-09-26 02:33Core Viewpoint - The company, Jingchen Co., has submitted an application for issuing overseas listed shares (H-shares) and listing on the Hong Kong Stock Exchange, aiming to expand its international capital market presence and enhance brand influence [2] Group 1: Company Overview - Jingchen Co. is a leading global system-level semiconductor design manufacturer, focusing on intelligent terminal control and connectivity solutions across various scenarios such as smart homes, smart offices, and smart transportation [2][3] - The company has been engaged in SoC chip design for 30 years, developing a comprehensive self-research technology matrix that includes various functional modules like NPU, video/audio codecs, and memory systems [3] Group 2: Market Position and Achievements - As of June 30, 2025, the company has shipped over 1 billion chips, establishing a strong market presence in the smart home sector [4] - According to Frost & Sullivan, in 2024, one in three smart set-top boxes and one in five smart TVs globally will use the company's chips, indicating significant market penetration [5] Group 3: Financial Performance - The revenue generated from the company's top five customers for the years 2022, 2023, and 2024, as well as the first half of 2025, were RMB 3.21 billion, RMB 3.519 billion, RMB 3.752 billion, and RMB 2.207 billion, respectively, accounting for 57.9%, 65.5%, 63.3%, and 66.3% of total revenue [5] - The revenue from the largest customer for the same periods was RMB 955.9 million, RMB 1.3174 billion, RMB 1.1099 billion, and RMB 678.2 million, representing 17.3%, 24.5%, 18.8%, and 20.4% of total revenue [5] Group 4: Supplier Relationships - The company primarily sources from wafer foundries and chip packaging/testing service providers, with procurement amounts from the top five suppliers being RMB 3.6788 billion, RMB 2.8179 billion, RMB 3.2596 billion, and RMB 2.1186 billion, constituting 91.2%, 86.6%, 88.0%, and 78.9% of total procurement [6] - The procurement from the largest supplier for the same periods was RMB 2.3798 billion, RMB 1.7768 billion, RMB 1.8447 billion, and RMB 1.3281 billion, making up 59.0%, 54.6%, 49.8%, and 49.4% of total procurement [6]