Core Viewpoint - Goer Microelectronics Co., Ltd. has submitted a prospectus to the Hong Kong Stock Exchange for a main board listing, marking its second attempt after a previous application lapsed in January 2025 [1][6]. Company Overview - Goer Microelectronics is a provider of intelligent sensing interaction solutions, with products including sensors, SiP, and interaction modules used in various fields such as mobile phones, headphones, VR/AR, automotive, and smart home applications [3]. - The company has developed the UniSense platform, which encompasses all key aspects of the industry value chain, including material research, chip design, packaging testing, algorithm software development, and system design [3]. - As of March 31, 2025, Goer Microelectronics offers over 400 solutions across approximately 30 smart terminal types, making it the provider with the most comprehensive intelligent sensing interaction solutions in China, serving 126 direct clients [3]. Financial Performance - In the fiscal years 2022, 2023, and 2024, Goer Microelectronics reported revenues of RMB 3.121 billion, RMB 3.101 billion, and RMB 4.536 billion, respectively, with corresponding net profits of RMB 326 million, RMB 289 million, and RMB 309 million [3]. - For the first quarter of 2025, the company achieved revenue of RMB 1.12 billion, a 54% increase from RMB 726 million in the same period the previous year, with a gross profit of RMB 230 million compared to RMB 161 million year-on-year [3]. Company History and Valuation - Established in October 2017, Goer Microelectronics is the sole subsidiary of Goer Group focused on microelectronics, with a registered capital of RMB 612.44 million [5]. - According to the 2025 Global Unicorn List, the company is valued at RMB 20.5 billion, making it the highest-valued unicorn in Shandong province, despite a decline from 2024 [5]. - The company's history dates back to 2004 when it began MEMS research as a department of Goer Group, later becoming an independent entity in 2017 [5]. Listing Attempts - Goer Microelectronics initially planned to list on the Shenzhen Stock Exchange's ChiNext in 2020, but the application was withdrawn due to the COVID-19 pandemic [5]. - In 2024, the company announced its intention to list on the Hong Kong Stock Exchange, aiming to enhance its international presence and capital operations [6]. - After a failed application in January 2025, the company resubmitted its listing application on July 21, 2025, with the same underwriting team [6].