盛合晶微科创板IPO获受理 2.5D集成收入位居中国大陆首位

Core Viewpoint - The company, Shenghe Jingwei, has received approval for its IPO application on the Sci-Tech Innovation Board, aiming to raise 4.8 billion yuan for advanced packaging projects related to multi-chip integration technology [1][4]. Financial Performance - The company reported revenues of approximately 1.633 billion yuan in 2022, 3.038 billion yuan in 2023, and projected revenues of 4.705 billion yuan in 2024, with a net profit of -329 million yuan in 2022, 34.13 million yuan in 2023, and 214 million yuan in 2024 [2]. - The compound annual growth rate (CAGR) of the company's revenue from 2022 to 2024 is the highest among the top ten global packaging and testing companies [2]. Market Position - Shenghe Jingwei is ranked as the tenth largest packaging and testing company globally and the fourth largest domestically, with a leading position in various service areas within mainland China [2]. - The company holds the largest market share in 12-inch WLCSP revenue in mainland China, approximately 31% [2]. Technology and Innovation - The company has established a comprehensive technology platform for multi-chip integration packaging, particularly excelling in 2.5D integration technology, where it ranks first in revenue in mainland China with an 85% market share [3]. - Globally, the company holds an 8% market share in the 2.5D sector, competing with major players like TSMC, Intel, and Samsung [3]. Strategic Goals - The IPO aims to expand production capacity to meet the growing demand for high-performance chips, which are crucial for China's digital economy and AI development [4]. - The company plans to enhance its manufacturing and management systems, focusing on quality control and comprehensive service capabilities in advanced packaging [5].