无锡超级IPO，来了

Core Viewpoint - Wuxi's IPO landscape is rapidly expanding, highlighted by the emergence of Shenghe Jingwei, a notable unicorn in the semiconductor industry, which is preparing for its A-share listing [5][11]. Group 1: Shenghe Jingwei's Development - Shenghe Jingwei was established in 2014 with investments from leading semiconductor companies, aiming to create a complete domestic 12-inch integrated circuit manufacturing chain [8]. - The company has achieved significant milestones, including becoming the first in mainland China to mass-produce 14nm silicon wafer bump processing [10]. - By 2024, Shenghe Jingwei is projected to have the largest 12-inch bump manufacturing capacity in mainland China, providing advanced packaging services for various high-performance chips [10]. Group 2: Financial Performance - Shenghe Jingwei's revenue from 2022 to mid-2025 is expected to grow from approximately 1.633 billion to 3.178 billion yuan, with net profits transitioning from a loss of 329 million yuan to a profit of 435 million yuan [10]. - The company has attracted significant investment, with a valuation reaching 20 billion yuan after a C+ round financing in 2023 [14]. Group 3: Wuxi's IPO Landscape - Wuxi has seen a surge in IPOs, with four companies listed in A-shares since 2025, and a total of 167 listed companies, including 126 A-share companies [6][19]. - The local government has implemented various supportive measures to facilitate the growth of listed companies, contributing to Wuxi's economic development [19][20]. Group 4: Economic Impact - Wuxi's GDP is projected to reach approximately 1.63 trillion yuan in 2024, with a growth rate of 5.8% [20]. - The city is recognized for its strong manufacturing base, with Jiangyin County leading in the number of listed companies among county-level cities in China [20].