Zhong Guo Jing Ji Wang·2025-11-13 02:49Core Viewpoint - The Shanghai Stock Exchange's Listing Review Committee approved the initial public offering (IPO) of Qiangyi Semiconductor (Suzhou) Co., Ltd., marking it as the 73rd company to pass the review this year, with a total of 44 companies from the Shanghai and Shenzhen stock exchanges and 29 from the Beijing Stock Exchange [1]. Company Overview - Qiangyi Semiconductor is a high-tech enterprise focused on semiconductor design and manufacturing, specifically in the research, design, production, and sales of wafer testing core hardware probe cards [2]. - The controlling shareholder and actual controller of Qiangyi Semiconductor is Zhou Ming, who directly holds 27.93% of the shares and indirectly controls an additional 13.83%, totaling 50.05% control over the company [2]. - The company plans to list on the Sci-Tech Innovation Board of the Shanghai Stock Exchange, with a public offering of up to 32.39 million shares, representing no less than 25% of the total share capital post-issuance [2]. Fundraising and Use of Proceeds - Qiangyi Semiconductor aims to raise 1.5 billion yuan (approximately 150 million) through this IPO, which will be allocated to the development and production of probe cards in Nantong and the construction of its headquarters and R&D center in Suzhou [2]. Listing Review Committee Inquiries - The Listing Review Committee raised inquiries regarding the company's significant reliance on major clients, the independence and sustainability of its business and R&D, and measures taken to mitigate risks associated with dependence on a single related client [3]. - The committee also questioned the assessment of revenue forecasts related to major clients and the fairness of related transactions [3].