New Stock News | Gorilla has submitted documents to the Hong Kong Stock Exchange and ranks first among domestic semiconductor intelligent manufacturing software solution providers.

According to the disclosure from the Hong Kong Stock Exchange on February 15, Shanghai Gorily Software Co., Ltd. (referred to as Gorily) has submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with GUOTAI JUNAN I and CMBC CAPITAL as its joint sponsors. Company Profile: According to the prospectus, the company is a leading provider of intelligent manufacturing software solutions in the semiconductor industry, focusing on the research and commercialization of intelligent manufacturing software solutions tailored for advanced manufacturing in the semiconductor industry. Since its establishment, the company has strategically focused on the semiconductor industry, utilizing new technologies such as artificial intelligence, big data, and automation to provide scenario-driven full-stack intelligent manufacturing software solutions through independent research and development. The company's intelligent manufacturing solutions integrate deeply with the advanced manufacturing processes and technologies in the semiconductor industry, establishing industry competitiveness and maintaining long-term leading advantages in the industry. According to Frost & Sullivan data, based on revenue generated from intelligent manufacturing software solutions, the company ranks first among domestic providers of intelligent manufacturing software solutions in the Chinese semiconductor intelligent manufacturing software market by 2024. Since its establishment in 2007, the founder of the company, Mr. Sun, has seized development opportunities in the semiconductor industry and is committed to becoming a leading provider of intelligent manufacturing software solutions with independently developed computer integrated manufacturing systems. In 2010, the company launched the 8-inch semiconductor manufacturing execution system for the first time. Additionally, in early 2023, the company successfully delivered a domestically produced computer integrated manufacturing system with a 12-inch front-end 18-nanometer core manufacturing execution system, becoming one of the first suppliers in China to achieve breakthroughs in fully automated intelligent manufacturing software solutions for 12-inch wafer manufacturing. With scalable production capabilities, the company has successfully entered the display panel, printed circuit board, and photovoltaic fields, possessing advantages for further expanding the layout of the semiconductor industry. The company has built a product portfolio of intelligent manufacturing software solutions that integrate cutting-edge technologies, aiming to continuously improve customer production efficiency by leveraging existing solutions and applying new technologies. In recent years, the company has continuously optimized and enhanced its intelligent manufacturing software solutions with the development of artificial intelligence. Leveraging in-depth research and profound expertise in the semiconductor industry, the company has introduced artificial intelligence-enabled intelligent manufacturing software solutions for various advanced manufacturing scenarios in the semiconductor industry. The company's artificial intelligence models continuously learn from production and operation data, achieving self-perception, self-learning, and decision support to help production lines improve capacity and quality while reducing costs. By integrating advanced computer vision and reinforcement learning technologies, the company provides closed-loop control solutions to comprehensively enhance factory efficiency. The company serves a diverse customer base in the semiconductor industry. During the reporting period, the company established business relationships with more than 290 customers in the semiconductor industry, including approximately 160 semiconductor industry customers. Additionally, the company has established long-term partnerships with leading advanced manufacturing enterprises (including Semiconductor Manufacturing International Corporation, Customer Group A, and Tianma Microelectronics Co., Ltd.), building strong competitiveness. According to Frost & Sullivan's report, by 2024, the company ranks first among domestic providers of intelligent manufacturing software solutions in the Chinese semiconductor intelligent manufacturing software market, becoming the first Chinese company to achieve full coverage of software solutions across the entire value chain of the semiconductor industry, providing end-to-end solutions from materials, processing, components, assembly, to downstream applications, covering all industries in the semiconductor field. Financial Information: Revenue: As of April 30, 2022, 2023, 2024, and the first four months of 2025, the company's revenue was approximately RMB 111 million, RMB 165 million, RMB 249 million, and RMB 81.05 million, respectively. Loss: The company reported losses of approximately RMB 86.88 million, RMB 127 million, RMB 103 million, and RMB 43.34 million for the years ending April 30, 2022, 2023, 2024, and the first four months of 2025, respectively. Gross Margin: The company's gross margin was 16.9%, 3.4%, 13.2%, and 6.1% for the periods ending April 30, 2022, 2023, 2024, and the first four months of 2025, respectively. Industry Overview: The Chinese semiconductor intelligent manufacturing software solutions market is expected to achieve significant growth in terms of sales revenue, with the overall market size expected to increase from RMB 1.1 billion in 2020 to RMB 6.6 billion in 2029, representing a compound annual growth rate of 25.4% from 2024 to 2029. Within this market, the semiconductor division is expected to lead in growth, increasing from RMB 0.8 billion in 2020 to RMB 5.2 billion in 2029, with a compound annual growth rate of 26.2% from 2024 to 2029. The display panel division is also expected to grow, from RMB 0.2 billion in 2020 to RMB 0.9 billion in 2029, with a compound annual growth rate of 24.2% from 2024 to 2029. The photovoltaic market is projected to increase from RMB 0.1 billion in 2020 to RMB 0.3 billion in 2029, with a compound annual growth rate of 20.0% from 2024 to 2029. The PCB division is expected to grow from RMB 0.04 billion in 2020 to RMB 0.3 billion in 2029, with a compound annual growth rate of 23.1% from 2024 to 2029. The Chinese semiconductor intelligent manufacturing software solutions market is on an upward trajectory, with the total market size expected to increase from RMB 0.8 billion in 2020 to RMB 1.6 billion in 2024, representing a compound annual growth rate of 20.0% and strong growth in the initial stages. The market is expected to further expand from 2024 to 2029, with a compound annual growth rate of 26.2%, reaching RMB 5.2 billion by 2029. The overseas semiconductor intelligent manufacturing software solutions market is expected to see significant growth, with the overall market size projected to increase from RMB 4.2 billion in 2020 to RMB 14.4 billion in 2029. This is based on a compound annual growth rate of 10.1% from 2020 to 2024, with the compound annual growth rate projected to increase to 18.6% from 2024 to 2029. Board of Directors Information: The board of directors consists of twelve members, including four executive directors, four non-executive directors, and four independent non-executive directors. In accordance with the company's articles of association, the directors (excluding the employee representative directors) are elected and appointed by the shareholders at the shareholders' meeting, while the employee representative directors are elected by the company's employee representative assembly. The term of office for directors is three years and can be re-elected. Shareholding Structure: As of the most recent practicable date (August 24, 2025), Mr. Sun, the executive director and chairman, collectively controls approximately 53.86% of the company's voting rights, including approximately 30.18% directly owned by him, approximately 14.34% held by Xinxiang Limited Partnership controlled by Mr. Sun as the sole general partner, and approximately 9.34% held by Jingwei Limited Partnership controlled by Mr. Sun as the sole general partner. Xinxiang Limited Partnership is the company's equity incentive platform, and Jingwei Limited Partnership is the holding platform for Mr. Sun, executive director Mr. Jiang Zhi, and several financial investors of the company. Following completion of the compilation (assuming the exercise was not exercised), Mr. Sun, Xinxiang Limited Partnership, and Jingwei Limited Partnership will collectively exercise approximately % of the voting rights in the company. Therefore, as of the most recent practicable date, Mr. Sun, Xinxiang Limited Partnership, and Jingwei Limited Partnership constitute a controlling group of shareholders. Intermediary Team: Joint Sponsors: Guotai Junan Financing Limited and CMBC CAPITAL Limited; Legal Advisors: Jingtian & Gongcheng Law Firm, Shanghai Jintiancheng Law Firm, and Ashurst Horitsu Jimusho Gaikokuho Kyodo Jigyo; Legal Advisors for Joint Sponsors and Compilation: Deheng Law Firm (Hong Kong) Limited Partnership and Beijing Guofeng Law Firm; Auditors and Reporting Accountants: Ernst & Young; Industry Consultants: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch.