江苏展芯创业板IPO已受理 专注于高可靠模拟芯片及微模块产品

Core Viewpoint - Jiangsu Zhanchip Semiconductor Technology Co., Ltd. has received acceptance for its IPO on the Shenzhen Stock Exchange's ChiNext board, aiming to raise 889.5 million yuan [1] Company Overview - Jiangsu Zhanchip focuses on the research, design, testing, and sales of high-reliability analog chips and micro-module products, primarily power management chips, including DC/DC converters, linear voltage regulators (LDO), and load switches [1] - The company is expanding its product line to include signal chain chips, having developed various products such as current detection chips, voltage reference chips, comparators, operational amplifiers, and timing chips [1] - The company's products are recognized by major state-owned military enterprises and are widely used in various equipment platforms [1] Financial Performance - The company's main business revenue for the first half of 2025 is 340.16 million yuan, with a breakdown as follows: - Integrated circuits: 187.44 million yuan (55.10%) - Micro-modules: 118.74 million yuan (34.91%) - Discrete devices: 19.92 million yuan (5.86%) - Others: 14.06 million yuan (4.13%) [2] - Revenue for the years 2022 to 2025 shows fluctuations, with 2022 at 366.76 million yuan, 2023 at 466.00 million yuan, 2024 at 413.00 million yuan, and the first half of 2025 at 340.16 million yuan [3][4] Investment Plans - The company plans to invest the raised funds in several key projects, including: - R&D and industrialization of high-reliability power management and signal chain chips: 449.73 million yuan total, 424.85 million yuan from raised funds - Headquarters and R&D center construction: 223.87 million yuan total, 183.27 million yuan from raised funds - Testing center construction: 177.21 million yuan total, 161.39 million yuan from raised funds - Working capital: 120 million yuan [3] Market Position - The competitive landscape for military power management chip companies includes Jiangsu Zhanchip, Beijing Qixing Huachuang, and several others, but there is currently no publicly available market share data for military electronic integrated circuit manufacturers [2]