由于无任一股东及其一致行动人可控制股东会或对股东会的决议产生决定性影响、可控制董事会或对董事会的决议产生决定性影响、可决定董事会半数以上 成员任免、可实际支配或决定公司的重大经营决策、重要人事任命，因此，粤芯半导体目前不存在控股股东和实际控制人。 招股书显示，2022年至2025年上半年（以下简称"报告期内"），粤芯半导体营业收入分别为15.45亿元、10.44亿元、16.81亿元、10.53亿元，其中2023年和 2024年同比变动分别为-32.46%、61.09%；净亏损分别为10.43亿元、19.17亿元、23.27亿元、12.66亿元，其中2023年和2024年同比变动分别 为-83.86%、-21.39%。该公司业绩整体波动性较大，且稳定性不足；净亏损持续扩大，未弥补亏损达89.36亿元。 | | | | 公司全称 | 粤芯半导体技术股份有限公司 | 公司简称 | 粤芯半导体 | | --- | --- | --- | --- | | 受理日期 | 2025-12-19 | 更新日期 | 2025-12-19 | | 审核状态 | 已受理 | 预计融资金额(亿元) | 75 | | 保荐机构 | 广 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 根据招股书，粤芯半导体成立于2017年，是一家致力于为境内外芯片设计企业提供12英寸晶圆代工 服务和特色工艺解决方案的集成电路制造企业。截至2025年6月30日，公司已取得授权专利（含境外 专利）681项，其中发明专利312项。 目前公司已实现多品类布局，构建了完整的"感知-传输-计算-存储-控制-显示"全链路技术矩阵，并在 多个领域建立核心竞争优势，对应产品出货量位居行业前列。 例如，在指纹识别芯片领域，粵芯半导体已成为全球出货量领先的电容指纹识别芯片晶圆代工厂之 一；在显示驱动芯片领域，2024年公司高压显示驱动芯片12英寸晶圆出货量排名中国大陆晶圆厂第 三名。 关于上市目的，记者从粵芯半导体获悉，公司拟进一步强化技术优势，助力公司加速从消费级晶圆代 工向工业级、车规级工艺迭代，深度布局应用于人工智能、端侧存内/近存计算等领域的特色工艺， 以实现从"纯模拟代工"向"以模拟为核心，以数模混合为蝶变，以光电融合为特色"的复合型技术平台 转型。 关于所募资金用途，粤芯半导体表示，本次IPO，公司拟募集资金75亿元，除了扩充产能，主要资金 将投向特色工艺技术平台研发 ...

Core Viewpoint - The IPO application of Guangdong-based Yu Xin Semiconductor Technology Co., Ltd. has been officially accepted, marking a significant step in its listing process on the ChiNext board [1] Group 1: Company Overview - Yu Xin Semiconductor is dedicated to providing 12-inch wafer foundry services and specialty process solutions for domestic and international chip design companies [3] - Established in 2017, the company is the first 12-inch wafer manufacturing enterprise in Guangdong to enter mass production and serves as the president unit of the Guangdong Integrated Circuit Industry Association and the Guangzhou Semiconductor Association [3] Group 2: Technology and Production Capacity - The company focuses on specialty process wafer foundry business, developing a diverse technology platform matrix covering various fields, including mixed-signal, high-voltage display drivers, CMOS image sensors, embedded non-volatile memory, and more [3] - Yu Xin Semiconductor has established a production capacity of 52,000 wafers per month and plans to build a third factory with a capacity of 40,000 wafers per month, aiming for a total planned capacity of 120,000 wafers per month [4] Group 3: Research and Development - The company has a strong R&D team and has obtained 681 authorized patents, including 312 invention patents, as of June 30, 2025 [4] - Yu Xin Semiconductor has passed the IATF 16949 automotive industry quality management system certification and is recognized as a "Guangdong Provincial Enterprise Technology Center" and "Guangdong Provincial Engineering Research Center" [4] Group 4: IPO and Fundraising - The company plans to raise 7.5 billion yuan through its IPO, with funds primarily directed towards the 12-inch integrated circuit analog specialty process production line project, R&D of specialty process technology platforms, and supplementing working capital [4] - Successful implementation of the fundraising projects is expected to help the company seize strategic opportunities in the domestic high-end analog, mixed-signal, silicon photonics, and optoelectronic integration chip industry ecosystem [5]

12月15日，东芯半导体股份有限公司（以下简称"东芯股份"）发布的投资者关系活动记录表显示，12月 9日与11日，公司接受了包括国联民生（601456）证券、富国基金等40家机构调研，并就公司产品研 发、市场现状等问题进行解答。据《证券日报》记者不完全统计，近3个月以来，东芯股份已开展8次调 研活动，累计接待170余家机构。 记者注意到，下游市场需求变化是调研中的另一核心议题。东芯股份相关人士表示，网通领域招标规模 同比去年同期显著增长；可穿戴智能设备的存储容量需求持续增加；安防市场自下半年起拉货动能增 强，较上半年回升明显；物联网模块需求向好，5G模块导入逐步起量；车载领域公司将继续推进整车 厂和Tier1（一级供应商）客户导入工作，进一步推动市场份额持续增长。 东芯股份获机构密集调研，折射出市场对存储芯片行业发展的高度关注。 工业和信息化部中小企业专家谢良鸿向《证券日报》记者表示，存储芯片行业正迎来AI驱动的新一轮 超级景气周期，边缘AI设备应用前景广阔，如智能摄像头、传感器等终端需本地化存储和计算能力， 存算一体芯片有望规模化应用，而可穿戴设备如智能手表、AR/VR眼镜等对存储容量和功耗要求苛 刻，定制 ...

Industry Status and Market Landscape - The global memory chip market is entering a new upcycle, with DRAM prices expected to rise by 21.3% in Q2 2025, exceeding expectations [1] - The DRAM market is dominated by Samsung (34%), SK Hynix (36%), and Micron (25%), collectively accounting for 95% of the market share [1] - Chinese manufacturer Changxin Storage has entered the competition, achieving a market share of 6% in Q1 2025, with expectations to increase to 8% by the end of the year [1] Changxin Storage Fundamental Analysis - Changxin Storage, established in 2016, is the only domestic IDM company capable of independent DRAM design and production [2] - The company completed a financing round of 10.8 billion yuan in March 2024, with a pre-financing valuation of 140 billion yuan; in December 2024, Country Garden sold 1.56% of its stake for 2 billion yuan, corresponding to a valuation of 128.2 billion yuan; the latest market valuation in 2025 has reached 150 billion yuan [2] - The main product, LPDDR5, is close to international performance levels, but DDR5 technology lags behind leading companies by 3-4 years [2] - In Q1 2025, production capacity reached 200,000 wafers, with an expected annual production increase of 68% to 2.73 million wafers [2] - The customer base includes domestic smartphone brands such as Xiaomi and Vivo, highlighting significant localization advantages [2] Competitive Disadvantages Analysis - Profitability is challenged with a gross margin of 32%, significantly lower than Samsung's 61%, and government subsidies account for 53% of profits [4] - Supply chain risks exist due to reliance on imported key equipment, indicating a need for increased domestic production [5] Major Competitors Comparison - Changxin Storage has not yet entered the HBM field, where SK Hynix holds a 70% market share; the 18.5nm process technology is behind international giants' 14nm and below [7] - The company has a patent portfolio of 13,449, which is only a fraction of that held by international leaders, facing risks from Micron's 337 investigation [7] - Comparison of key players shows Changxin's market share at 6% in Q1 2025, with significant gaps in technology and patent reserves compared to Samsung, SK Hynix, and Micron [9] Development Prospects - The funds raised from Changxin Storage's IPO will focus on improving DDR5 yield, currently at 80% [10] - In the short term, the target of 6% market share relies on domestic substitution benefits; in the long term, breakthroughs are needed in cutting-edge fields such as integrated storage and computing chips [10]

Core Viewpoint - Baiwei Storage reported its largest quarterly loss since its IPO in Q1 2025, transitioning from profit in Q1 2024 to a net loss of 197 million yuan, primarily due to declining storage chip prices, increased inventory impairment, and high R&D expenses [1] Financial Performance - Baiwei Storage's Q1 2025 revenue was 1.543 billion yuan, a year-on-year decline of 10.62% [1] - The company experienced a net loss of 197 million yuan, marking its largest quarterly loss since going public [1] - Core business revenues, including embedded storage and PC storage, fell by 15%-18%, with gross margins dropping to a historical low of 1.99% [1] Market Trends - The global storage chip market continued its downward trend from Q3 2024, with DRAM contract prices down 18% year-on-year and NAND contract prices down 22% [2] - The decline in DRAM and NAND prices was attributed to excessive supply and weak demand [3] Competitive Landscape - Competitors like Zhaoyi Innovation and Jiangbolong faced challenges but managed to report growth in specific segments, with Zhaoyi Innovation achieving a revenue increase of 17.32% and a net profit growth of 125.82% [4] - SK Hynix reported an 86.5% year-on-year increase in DRAM revenue, driven by its HBM3E products in the AI server market [5] Strategic Initiatives - Baiwei Storage is focusing on high-value products, such as AI-related storage solutions, and has begun small-scale production of its self-developed UFS controller chip SP9300 [7][8] - The company plans to scale up production of SP9300 in Q2 2025, targeting an annual output of over 5 million units [8] R&D Investments - Baiwei Storage's R&D expenditure reached 123 million yuan in Q1 2025, a year-on-year increase of 25.82%, with a focus on advanced packaging technologies and integrated storage solutions [8] - The company is investing in a 3D stacking and silicon interposer project, expected to start production in the second half of 2025 [8] Customer Dependency - Baiwei Storage's top five customers account for 42% of its revenue, indicating a significant risk if major clients reduce orders [10]