纳芯微在港交所主板挂牌上市 成为苏州首家“A+H”上市公司

Core Insights - Suzhou Naxin Microelectronics Co., Ltd. officially listed on the Hong Kong Stock Exchange on December 8, becoming the first company from Suzhou to be listed on both A-share and H-share markets [1] - The company focuses on high-performance and high-reliability analog and mixed-signal chips, providing semiconductor products and solutions across automotive, industrial, information communication, and consumer electronics sectors [1] - Naxin Micro's revenue for the first three quarters of 2025 reached 2.366 billion yuan, a year-on-year increase of 73.18%, with significant growth in downstream markets [2] Company Overview - Founded in 2013, Naxin Micro has developed over 3,600 product models and established a comprehensive operational network in multiple cities across China and overseas markets including Germany, Japan, South Korea, and the United States [1] - The company raised 5.8 billion yuan during its initial public offering on the Shanghai Stock Exchange in April 2022 [1] - Naxin Micro completed a 100% acquisition of magnetic sensor company Meigen in November 2024, enhancing its market share in the analog chip sector and strengthening its supply chain integration capabilities [1] Financial Performance - For the first three quarters of 2025, Naxin Micro reported a net loss of 140 million yuan, with a non-recurring net profit of -177 million yuan, indicating a narrowing of losses due to significant revenue growth and improved product structure [2] - The company's gross margin improved year-on-year, reflecting the positive impact of revenue growth on financial performance [2] Strategic Direction - The CEO of Naxin Micro emphasized that the Hong Kong listing marks a milestone for business development and serves as a starting point for global narrative [2] - The company plans to increase investment in foundational technologies, expand its product portfolio, enhance overseas sales and market systems, and elevate its global operational capabilities [2] Market Context - In 2023, Suzhou saw the addition of 16 new domestic and foreign listed companies, including 7 that are listed overseas, bringing the total number of Hong Kong-listed companies from Suzhou to 41 [2] - Several other Suzhou enterprises are pursuing dual listings on A-share and H-share markets, indicating a growing trend in the region [2]