Jiangsu Zhanxin's application for listing on the Growth Enterprise Market has been accepted, focusing on high-reliability analog chips and micro-module products.

On December 17th, Jiangsu Zhanxin Semiconductor Technology Co., Ltd. (referred to as Jiangsu Zhanxin) has had its IPO application accepted by the Shenzhen Stock Exchange ChiNext Board. Huatai United Securities is the sponsor institution, and the company plans to raise 889.5 million yuan. The prospectus shows that Jiangsu Zhanxin focuses on the research and development, design, testing, and sales of high-reliability analog chips and micro-module products. The analog chip products are mainly power management chips, with sub-products including DC/DC conversion chips, linear regulators (LDO), load and current limit switches (LoadSwitch), etc. Micro-module products can achieve various functions such as isolated and non-isolated DC/DC conversion, logic control, signal modulation, diode control, etc. The company also provides discrete device products to customers. Furthermore, the company continues to expand its product line, extending its product matrix to signal chain chips. Currently, it has preliminary launched a variety of products, including current detection chips, voltage reference chips, comparators, operational amplifiers, timing chips, and other products. The company's products have been highly recognized by major central enterprise military groups such as China Electronics Group, China Aerospace Science and Industry Group, China Aerospace Hi-Tech Holding Group, and others. They are widely used in various types of equipment platforms such as airborne, missile-borne, shipborne, land-based, and individual soldier equipment. During the reporting period, the company has supplied products to over 1,600 customers, accumulating a rich customer resource base. In terms of market competition, due to the specificity of the military electronic industry, there is currently no publicly available market share data for third-party military electronic integrated circuit manufacturers. Currently, major military power management chip companies include Jiangsu Zhanxin, Beijing Qixing Huachuang, Jiangsu Zhanxin Semiconductor Technology Co., Ltd., Microelectronics Co., Ltd. (a subsidiary of the listed company NAURA Technology Group), Great Microwave Technology, Guizhou Zhenhua Fengguang Semiconductor, Beijing Shengyu Technology Co., Ltd., and Beijing Yanhuang C*Core Technology Co., Ltd. After deducting issuance fees, the company plans to invest in the following projects with the actual funds raised: Financially, in the years 2022, 2023, 2024, and the first half of 2025, Jiangsu Zhanxin is expected to achieve operating income of approximately 367 million yuan, 466 million yuan, 413 million yuan, and 340 million yuan, respectively. During the same period, net profits are expected to be 148 million yuan, 179 million yuan, 95.35 million yuan, and 124 million yuan, respectively.