Novosense(SH:688052) 智通财经网·2025-11-18 22:53Core Viewpoint - Suzhou Naxin Microelectronics Co., Ltd. (Naxin) has passed the listing hearing on the Hong Kong Stock Exchange, with CICC, CITIC Securities, and Jianyin International as joint sponsors [1] Company Overview - Naxin operates under a fabless model, focusing on chip research and design while outsourcing wafer manufacturing and most packaging testing to third-party suppliers [3] - The company provides high-performance and reliable products and solutions in automotive electronics, energy, and consumer electronics, with a complete system link from sensing, signal processing to system power supply and drive [3] - According to Frost & Sullivan, Naxin ranks 14th among all analog chip companies in China with a market share of 0.9% and 5th among Chinese analog chip companies [3] Financial Performance - For the fiscal years ending June 30, 2022, 2023, 2024, and the first half of 2025, Naxin reported revenues of approximately RMB 1.67 billion, RMB 1.31 billion, RMB 1.96 billion, and RMB 1.52 billion respectively [4] - The total comprehensive income for the same periods was approximately RMB 250 million, -RMB 30.5 million, -RMB 40.4 million, and -RMB 7.56 million respectively [4] - The gross profit margin has shown a decline, with gross profits of RMB 810 million (48.5%), RMB 444 million (33.9%), RMB 549 million (28.0%), and RMB 500 million (32.9%) for the respective years [6]