Company Overview - Weizhao Semiconductor is a leading Chinese provider of power semiconductor devices, focusing on the research, design, and sales of high-performance power semiconductor devices, particularly WLCSP products, known for their advanced packaging technology, compact size, excellent heat dissipation, and impact resistance [2] - The company operates under a unique "fab-lite" model, strategically combining the flexibility of outsourced standardized manufacturing with internal manufacturing capabilities, allowing for supply chain flexibility and strict cost and quality control [2] - Weizhao Semiconductor differentiates itself from traditional foundry and IDM companies by maintaining advanced packaging capabilities, particularly in WLCSP technology, enabling cost optimization and performance enhancement [2] Product Structure - The company's medium and low voltage products mainly include Trench MOSFET and SGT MOSFET, widely used in consumer electronics, automotive electronics, motor drives, and industrial power supplies [3] - The WLCSP products are critical components for lithium battery protection applications in smartphones, tablets, and wearable devices due to their small size, high heat dissipation, and strong impact resistance [3] - High voltage products include IGBT, SJ MOSFET, and Planar MOSFET, designed to meet the demands for high voltage, high power density, and reliability in harsh environments, widely applied in automotive electronics, motor drives, and new energy applications [3] Financial Data - The company's revenue for the fiscal years 2023, 2024, and the nine months ending September 30, 2025, is approximately RMB 575 million, RMB 624 million, and RMB 615 million, respectively [4] - The annual/profit for the same periods is approximately RMB 13.98 million, RMB 19.35 million, and RMB 40.25 million [5] - The gross profit margin for the fiscal years 2023, 2024, and the nine months ending September 30, 2025, is 15.2%, 17.4%, and 23.8%, respectively [7] Industry Overview - The Chinese power semiconductor device market is projected to grow from RMB 79.1 billion in 2020 to RMB 105.5 billion in 2024, with a compound annual growth rate (CAGR) of 7.5% [8] - By 2029, the market size is expected to reach RMB 169 billion, with a CAGR of 9.9% [8] - The medium and low voltage power semiconductor devices are expected to maintain a stable market position, with a market size of RMB 46.6 billion in 2024 and projected to reach RMB 69 billion by 2029, reflecting a CAGR of 8.1% [8] Market Segmentation - The consumer electronics sector is expected to generate RMB 14.7 billion in sales revenue in 2024, with a projected CAGR of 5.3% from 2024 to 2029 [10] - The automotive sector is anticipated to achieve RMB 38.8 billion in sales revenue in 2024, with a CAGR of 10.8% during the same period [10] - The industrial sector is projected to reach RMB 37.8 billion in sales revenue in 2024, with a CAGR of 8.4% from 2024 to 2029 [10] - Emerging fields such as AI servers, smart grids, and embodied intelligent robots are expected to drive strong demand for power semiconductor devices, with a projected CAGR of 29.2% from 2024 to 2029 [10] MOSFET Market - MOSFET power semiconductor devices are the largest segment in the market, growing from RMB 34.6 billion in 2020 to RMB 46.7 billion in 2024, with a CAGR of 7.8% [12] - The market size for MOSFET power semiconductor devices is expected to reach RMB 81.8 billion by 2029, with a CAGR of 11.9% from 2024 to 2029 [12]

Shenzhen Vergiga Semiconductor Co., Ltd. 深圳市威兆半導體股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的要求 而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣 下知悉、接納並向本公司、本公司的獨家保薦人、保薦人兼整體協調人、整體協調人、顧問或包銷團成員 表示同意： 本公司招股章程根據香港法例第32章公司（清盤及雜項條文）條例送呈香港公司註冊處處長登記前，本公 司不會向香港公眾人士提出要約或邀請。倘於適當時候向香港公眾人士提出要約或邀請，有意投資者務請 僅依據與香港公司註冊處處長註冊的本公司招股章程作出投資決定；招股章程的文本將於發售期內向公眾 刊發。 (a) 本文件僅為向香港公眾提供有關本公司的資料，概無任何其他目的。投資者不應根據本文件中的資 料作出任何投資決定； (b) 在聯交所網站登載本文件或其補充、修訂或更換附頁，並不引起本公司、本公司的獨家 ...