Core Viewpoint - Hefei Jinghe Integrated Circuit Co., Ltd. (Jinghe Integrated) has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, aiming to establish an "A+H" listing structure after its successful debut on the STAR Market in May 2023 [1][3]. Company Overview - Jinghe Integrated, founded in 2015, is a leading global 12-inch pure wafer foundry, focusing on advanced process research and application, providing wafer foundry services across various process nodes from 150nm to 40nm, and steadily advancing its 28nm platform [3]. - The company has a diverse technology portfolio in DDIC, CIS, PMIC, Logic IC, and MCU, serving applications in consumer electronics, smartphones, smart home appliances, security, industrial control, and automotive electronics [3]. Financial Performance - For the years 2022 to 2025, Jinghe Integrated's revenue figures are projected to be 100.26 billion, 71.83 billion, 91.20 billion, and 51.3 billion respectively, with a year-on-year revenue growth of 18.5% in the first half of this year [4]. - Net profits for the same period are expected to be 31.56 billion, 1.19 billion, 4.82 billion, and 2.32 billion respectively [4]. - The company's R&D expenditures during this period are 8.57 billion, 10.58 billion, 12.84 billion, and 6.95 billion respectively, indicating a strong commitment to innovation [4]. Market Position - According to Frost & Sullivan, Jinghe Integrated is projected to have the fastest capacity and revenue growth among the top ten global wafer foundries from 2020 to 2024, ranking as the ninth largest globally and the third largest in mainland China by 2024 [3]. Use of Proceeds - The funds raised from the IPO will be allocated to R&D and optimization of a new 22nm technology platform, AI-based intelligent R&D and production planning, establishing a R&D and sales center in Hong Kong, and general corporate purposes [4]. Shareholding Structure - Prior to the IPO, Hefei Urban Investment, a state-owned enterprise, holds a 23.35% stake, and Hefei Chip Screen holds 16.39%, collectively owning 39.74% of the company, making them the controlling shareholders [5].