Core Viewpoint - Shenghe Jingwei Semiconductor Co., Ltd. has applied for IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, aiming to raise 4.8 billion RMB, and is recognized as a leading advanced packaging and testing enterprise in the integrated circuit industry [1]. Group 1: Company Overview - Shenghe Jingwei specializes in advanced packaging and testing services, focusing on wafer-level packaging (WLP) and chiplet multi-chip integration packaging, particularly for high-performance chips like GPUs, CPUs, and AI chips [1][3]. - The company has established itself as one of the earliest and largest players in the chiplet multi-chip integration packaging sector in mainland China, with capabilities to compete with global leaders [1][3]. Group 2: Technological Advancements - In the mid-sized silicon wafer processing field, Shenghe Jingwei is one of the first companies in mainland China to achieve mass production of 12-inch bumping and is the first to offer 14nm advanced process bumping services, filling a gap in the high-end integrated circuit manufacturing supply chain [2]. - The company has achieved significant advancements in wafer-level chip packaging, including the development of 12-inch WLCSP and Low-K WLCSP, leading the market with a 31% share in 2024 [2]. Group 3: Market Position - In the chiplet multi-chip integration packaging domain, Shenghe Jingwei holds a dominant position with an 85% market share in 2.5D integration revenue in 2024, showcasing its advanced technology comparable to global leaders [3]. - The company provides customized advanced packaging services for various high-performance chips, catering to sectors such as AI, data centers, autonomous driving, and 5G communications, thus contributing to China's digital and intelligent infrastructure [3]. Group 4: Financial Performance - The company reported revenues of approximately 1.633 billion RMB, 3.038 billion RMB, and 4.705 billion RMB for the years 2022, 2023, and 2024 respectively, with a projected revenue of 3.178 billion RMB for the first half of 2025 [4]. - Net profits for the same periods were approximately -329 million RMB, 34.13 million RMB, 214 million RMB, and 435 million RMB for the first half of 2025 [4].