Venture(US:VEMLY) Zheng Quan Ri Bao Wang·2025-12-18 11:14Core Viewpoint - Jiangsu Zhanchip Semiconductor Technology Co., Ltd. has received approval for its IPO application on the ChiNext board, aiming to raise 890 million RMB through the issuance of up to 41.12 million shares, with funds allocated for various projects including R&D and infrastructure development [1] Group 1: Company Overview - Jiangsu Zhanchip was established in 2018 and is recognized as a national high-tech enterprise, focusing on the specific needs of military electronics and adhering to a design philosophy centered on high reliability [1] - The company has developed a diversified product matrix covering power management chips, 3D stacked high-integration micro-modules, discrete devices, and signal chain chips [2] Group 2: Product and Market Position - Jiangsu Zhanchip's products meet national military standards and have been certified for independent controllability, with applications across various military platforms, gaining recognition from major military groups [2] - The company has supplied products to over 1,600 clients, positioning itself among the industry leaders in customer resource accumulation [2] Group 3: Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 reached 367 million RMB, 466 million RMB, 413 million RMB, and 340 million RMB respectively, reflecting broad market recognition for its high-reliability products [2] Group 4: Research and Development - Jiangsu Zhanchip has a strong focus on R&D, with a total of 41 authorized invention patents and 46 integrated circuit design layout rights, achieving performance levels comparable to foreign competitors [3] - The R&D expenses for 2022, 2023, and 2024 were 38.93 million RMB, 66.41 million RMB, and 91.22 million RMB respectively, with a compound annual growth rate of 53.09% [3]