新股消息 | 杰华特二次递表港交所 于全球所有模拟集成电路公司中排名第13

Company Overview - Jiewa Microelectronics Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor [2] - The company previously submitted a listing application on May 30, 2025 [2] - Jiewa is ranked 13th globally in the analog integrated circuit market by revenue, with a market share of 0.9% in 2024 [6] Business Model - Jiewa operates as an Integrated Device Manufacturer (IDM) focusing on the research and development of analog integrated circuits [4] - The company collaborates with foundries for production while developing proprietary process platforms to control key production steps [4] Product Portfolio - The product lineup includes power management integrated circuits and signal chain integrated circuits, with approximately 3,400 models available for sale as of October 31, 2025 [5] - Over 2,100 models are specifically power management integrated circuits [5] Market Position - In the Chinese market, Jiewa ranks 8th globally and 4th among Chinese companies in power management integrated circuits, with a market share of 1.3% [6] - The company ranks 6th globally and 2nd among Chinese companies in DC-DC integrated circuits, holding a market share of 1.9% [6] - In the communications market, Jiewa ranks 5th globally and 2nd in China for power management integrated circuits, with a market share of 3.0% [6] Financial Performance - Revenue for the year ending December 31, 2022, was approximately RMB 1.45 billion, with a gross profit margin of 38.5% [8][11] - The company reported a loss of RMB 533 million for the year ending December 31, 2023, with a gross profit margin of 11.8% [9][11] - Projected revenue for 2024 is RMB 1.68 billion, with a gross profit margin expected to improve to 15.1% [8][11] Industry Overview - The global integrated circuit market is projected to grow from RMB 2.49 trillion in 2020 to RMB 3.61 trillion by 2024, with a compound annual growth rate (CAGR) of 9.7% [12] - The Chinese integrated circuit market is expected to expand from RMB 0.88 trillion in 2020 to RMB 1.45 trillion by 2024, with a CAGR of 13.3% [12] - Key drivers for growth include advancements in artificial intelligence, automotive electronics, and communication technologies [12]