Venture(US:VEMLY) Sou Hu Cai Jing·2026-01-19 08:31Core Viewpoint - Shenzhen Basic Semiconductor Co., Ltd. is advancing its IPO process on the Hong Kong Stock Exchange, focusing on the development, manufacturing, and sales of silicon carbide (SiC) power devices, with a projected revenue growth despite ongoing losses [2]. Financial Performance - Revenue projections for Basic Semiconductor from 2022 to 2024 are as follows: CNY 117 million in 2022, CNY 221 million in 2023, and CNY 299 million in 2024. The company is expected to incur losses of CNY 242 million, CNY 342 million, and CNY 237 million for the same years respectively [2][3]. - In the first half of 2025, the company reported revenue of CNY 104 million, representing a year-on-year increase of 52.74%, while the loss for the period was CNY 177 million, compared to a loss of CNY 118 million in the same period the previous year [2]. Management and Leadership - Dr. Wang Zhihan, the founder and chairman of Basic Semiconductor, has over 17 years of experience in the power device industry and has held various leadership roles since the company's inception [4]. - He is joined by He Weiwei, the CEO and executive director, who is also a co-founder and has a similar educational background [5]. - Executive director Fu Junyin, a classmate of Dr. Wang, is pursuing a doctoral degree and has been with the company since 2010, contributing significantly to its operations [6]. Compensation Structure - The annual salaries of the executive directors, including Dr. Wang, He Weiwei, and Fu Junyin, have remained relatively stable, not exceeding CNY 920,000 from 2022 to 2024 [7].