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北京CPU龙头,冲刺港交所!

Core Viewpoint - Beijing Junzheng, a leading CPU company established in 2005, has submitted its listing application to the Hong Kong Stock Exchange, showcasing its growth through technological innovation and market expansion in the CPU design sector [1]. Market Position - Beijing Junzheng holds leading positions in various niche markets: - 6th globally and 1st domestically in niche DRAM - 2nd globally and 1st domestically in SRAM - 7th globally and 3rd domestically in NOR Flash - 3rd globally in IP Cam SoC [3]. Financial Performance - The company's financial performance has shown a downward trend from 2022 to the first half of 2025: - Revenue: 54.12 billion, 45.31 billion, 42.13 billion, 22.49 billion - Profit: 7.79 billion, 5.16 billion, 3.64 billion, 2.02 billion - R&D expenses: 6.42 billion, 7.08 billion, 6.81 billion, 3.48 billion - Gross margin maintained between 33.4% and 35.5% [3]. Product Line and Technology - The product line includes computing, storage, and analog chips, providing integrated system solutions. - The company focuses on high-performance, low-power computing chips, high-quality storage chips, and various high-specification analog chips, with applications in AIoT, smart security, automotive electronics, and industrial medical fields. - RISC-V architecture is adopted for computing chips to enhance technological competitiveness [4]. Customer and Supply Chain - Products are sold in over 50 countries, with the top five customers accounting for over 50% of revenue and top five suppliers accounting for 47.8% to 65.1% of procurement [5]. - The company collaborates closely with 18 wafer fabs and 32 packaging and testing partners [5]. Future Plans - The company plans to strengthen AI technology and product layout, upgrade automotive-grade chip products, and expand its product matrix. - Specific measures include upgrading computing chips, launching larger capacity storage chips, developing eMMC and UFS products, and advancing new storage chips like 3D DRAM. - The focus will also be on RISC-V CPU architecture optimization and the design of next-generation RISC-V CPU, NPU, VPU, and ISP, expanding into emerging fields like AIoT, smart security, and robotics [5].