兆芯集成、盛合晶微、中图科技科创板IPO已问询

Core Viewpoint - This week, five companies are making progress in their IPO applications for the Sci-Tech Innovation Board, with two companies, Taijin New Energy and Lianxun Instruments, having their registrations effective, while three others, Zhaoxin Integrated, Shenghe Jingwei, and Zhongtu Technology, are under inquiry [2][15]. Group 1: Taijin New Energy - Taijin New Energy's IPO registration has officially become effective, marking it as the first company accepted by the Shanghai Stock Exchange since the release of the new "National Nine Articles" [4][17]. - The company, established through the transformation of scientific research achievements from the Northwest Nonferrous Metal Research Institute, focuses on high-end intelligent electro-copper foil equipment and titanium electrode materials [6][19]. - Financial data shows that from 2021 to the first three quarters of 2025, Taijin New Energy achieved revenues of 1.004 billion, 1.669 billion, 2.194 billion, and 1.713 billion yuan, with net profits of 98.29 million, 155 million, 195 million, and 141 million yuan respectively [6][19]. - The company expects to achieve a revenue of 2.377 billion yuan in 2025, with a year-on-year growth of 8.34% [6][19]. - The initial fundraising target was 1.5 billion yuan, later adjusted to 990 million yuan for projects related to high-end intelligent equipment for green electrolysis [7][20]. Group 2: Lianxun Instruments - Lianxun Instruments' IPO application was registered effective on January 29, 2026, making it the first company to pass the review for the Sci-Tech Innovation Board in 2026 [7][20]. - The company specializes in high-end testing instruments for high-speed communication and semiconductor sectors, providing various core testing equipment [9][21]. - From 2022 to 2024, Lianxun Instruments' revenue grew from 214 million to 789 million yuan, with a compound annual growth rate of 91.79% [10][21]. - The company plans to raise 1.711 billion yuan for the development and industrialization of next-generation optical communication testing equipment and other projects [10][21]. Group 3: Zhaoxin Integrated - Zhaoxin Integrated's IPO status was updated to "under inquiry" on January 28, 2026, being the third unprofitable company accepted for the Sci-Tech Innovation Board in 2025 [12][22]. - Established in 2013, Zhaoxin Integrated focuses on the research and design of general-purpose processors and system platform chips, aiming to provide comprehensive computing solutions [24][22]. - Financial data indicates that from 2022 to the first half of 2025, the company reported revenues of 340 million, 555 million, 889 million, and 341 million yuan, with net losses of 727 million, 676 million, 951 million, and 427 million yuan respectively [24][22]. Group 4: Shenghe Jingwei - Shenghe Jingwei's IPO was accepted on October 30, 2025, and it is one of the first companies in mainland China to achieve mass production of 12-inch high-density bump manufacturing [13][26]. - The company reported revenues of 1.632 billion, 3.038 billion, and 4.705 billion yuan from 2022 to 2024, with a compound annual growth rate of 69.77% [14][26]. - Shenghe Jingwei plans to raise 4.8 billion yuan for investments in advanced packaging projects to expand its production capacity [14][26]. Group 5: Zhongtu Technology - Zhongtu Technology's IPO was accepted on December 31, 2025, and it is making a second attempt after withdrawing its first application in 2022 [15][27]. - The company is a major manufacturer of patterned substrate materials, with products widely used in Mini/MicroLED and automotive lighting applications [15][27]. - Zhongtu Technology aims to raise approximately 1.05 billion yuan for projects related to the industrialization of patterned substrates and semiconductor substrate material research [15][27].