Core Viewpoint - Nanjing Hongtai Semiconductor Technology Co., Ltd. has submitted an IPO counseling record to the Jiangsu Securities Regulatory Bureau, indicating its intention to go public and expand its operations in the semiconductor testing equipment sector [1][3]. Company Overview - Established in November 2018, Hongtai Semiconductor is located in Nanjing Pukou and focuses on the research, production, and sales of semiconductor testing equipment [1]. - The company's product offerings include semiconductor testing systems, sorting systems, and supporting spare parts, covering a range of devices such as SoC testers, analog testers, discrete and power device testers, and various sorting machines [1]. Business Segments - Hongtai Semiconductor's main business can be divided into two segments: semiconductor testing systems (ATE) and automatic sorting systems (Handler) [1]. - ATE is used to verify and evaluate the performance, functionality, and reliability of semiconductor devices, while Handler is used for automated testing, classification, and sorting of packaged chips or bare dies on wafers [1]. Clientele - The company's customer base primarily consists of packaging testing enterprises, wafer manufacturing companies, chip design firms, and testing foundries, including notable clients such as Huada Semiconductor, Tongfu Microelectronics, and BYD [1]. Financial Performance - The company reported revenues of 221 million yuan, 172 million yuan, and 25.65 million yuan for the years 2023, 2024, and the first quarter of 2025, respectively. Net profits were 8.15 million yuan, -58.32 million yuan, and -18.28 million yuan for the same periods [2]. IPO Timeline - According to the counseling plan, Hongtai Semiconductor aims to complete the consolidation and assessment of counseling results by September to October 2026, advancing its listing-related work [3].