Core Viewpoint - Shengbang Co., Ltd. has submitted an application for public offering of H-shares and listing on the Hong Kong Stock Exchange, marking a key step in the company's global strategic layout [1] Group 1: Company Overview - Shengbang Co., Ltd. was established in 2007 and is a leading comprehensive analog integrated circuit (IC) company, focusing on high-performance analog ICs and sensors [2] - The company has achieved a compound annual growth rate (CAGR) of 26.2% in revenue from 2014 to 2024, significantly outpacing the 9.7% CAGR of the Chinese analog IC market [2] Group 2: Financial Performance - Revenue figures for Shengbang Co., Ltd. are as follows: 2022: 3.188 billion RMB, 2023: 2.616 billion RMB, 2024: 3.347 billion RMB, and the first half of 2025: 1.819 billion RMB [3] - Net profit for the same periods is reported as: 2022: 858 million RMB, 2023: 270 million RMB, 2024: 491 million RMB, and the first half of 2025: 194 million RMB [3] Group 3: Supplier Relationships - The company’s major suppliers include wafer foundries and packaging service providers, with procurement amounts from the top five suppliers being 1.692 billion RMB, 1.518 billion RMB, 1.920 billion RMB, and 931 million RMB for the respective years [4] Group 4: Research and Development - Shengbang Co., Ltd. plans to enhance its R&D capabilities and product portfolio through the upcoming issuance, focusing on automotive, server, industrial energy, and consumer electronics sectors [5] - R&D expenditures for the company are projected as follows: 2022: 626 million RMB, 2023: 737 million RMB, 2024: 871 million RMB, and the first half of 2025: 508 million RMB [5] - As of June 30, 2025, the R&D team comprises 1,219 personnel, accounting for 72.6% of the total workforce [5] Group 5: Innovation and Product Development - The company has successfully launched new products with complete independent intellectual property rights, including low-noise operational amplifiers and automotive-grade high-voltage dual operational amplifiers [6] - Shengbang Co., Ltd. holds a total of 430 authorized patents, including 380 invention patents, and has registered 346 integrated circuit layout designs and 128 trademarks [6]

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].