Core Viewpoint - Shengbang Co., Ltd. is steadily advancing its plan for a Hong Kong IPO, having submitted its listing application to the Hong Kong Stock Exchange on September 29, 2025, with the necessary approvals still pending [1][2]. Group 1: Company Overview - Shengbang Co., Ltd. specializes in the research, development, and sales of high-performance, high-quality analog integrated circuits, covering 34 categories and over 5,900 products [2]. - The company operates as a fabless semiconductor company, outsourcing wafer manufacturing, packaging, and testing to specialized firms, primarily TSMC and SMIC [2]. Group 2: Financial Performance - In 2024, Shengbang achieved a revenue of 3.347 billion yuan, a year-on-year increase of 27.96%, and a net profit of 500 million yuan, up 78.17% [4]. - For the first half of 2025, the company reported a revenue of 1.819 billion yuan, reflecting a 15.37% year-on-year growth, and a net profit of 200 million yuan, which is a 12.42% increase [4]. Group 3: Research and Development - Shengbang has significantly increased its R&D investment, with R&D expenses reaching 508 million yuan in the first half of 2025, accounting for 27.9% of its revenue [6]. - The company has a strong R&D team, with 1,219 personnel, representing 72.56% of its total workforce [6]. - As of June 2025, Shengbang has obtained 430 authorized patents, including 380 invention patents, and has registered 346 integrated circuit layout designs [5][6].