New Stock News | Yaoxin Micro has announced that it is ranked third among global suppliers of MEMS microphone chips on the Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on March 31st, Yaoxin Wei (Shanghai) Electronic Technology Co., Ltd. (referred to as Yaoxin Wei) submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with Huatai International and CMSC International as its joint sponsors. According to the prospectus, the company is a leading supplier of power devices and audio chips in China, with an integrated business structure covering design, development, and sales, spanning multiple end markets. The company focuses on providing high-quality and high-endurance power devices and audio chips for the automotive, consumer electronics, and energy and industrial (including AI data center power) markets. According to CIC's data, the company is the only semiconductor company in China that develops power devices and audio chips using a virtual IDM model. Under the virtual IDM model, the company focuses on power device and audio IC design, while also retaining control over specific proprietary manufacturing technologies, and establishing deep cooperative relationships with wafer foundries, packaging and testing service providers, combining design-driven flexibility with moderate control over key manufacturing processes. This allows the company to achieve manufacturing process feedback, dynamic optimization of capacity, and close collaboration with wafer manufacturers to build a comprehensive competitive advantage encompassing technological definition, supply chain autonomy, and quality dominance. The company's power device products are core components for energy conversion and circuit control, ensuring excellent performance of power electronic devices in key applications such as new energy vehicles, AI data center power supply systems, and energy electrification. With strong technological and innovative capabilities, the company has been validated by multiple leading global automotive companies and has demonstrated a leading technological position in the Chinese automotive power device industry. Additionally, the company also provides audio chips, including MEMS products and signal chain chips, which, combined with advanced algorithms, can effectively meet the complex audio processing requirements of various smart devices, covering audio signal collection, conversion, and processing. According to CIC's data, based on revenue forecast for 2024, the company ranks sixth among Chinese suppliers in the domestic non-IDM power device market, with a market share of 0.3%. Furthermore, according to CIC's data, based on shipment forecast for 2024, in the MEMS microphone chip field, the company ranks third among global suppliers, first among domestic suppliers, and holds a market share of 16.8% in the global market. As the core infrastructure of the digital economy, global AI data centers are experiencing a surge in power demand, while also facing power management challenges related to training and computing tasks (including peak-valley cycle adjustment), making it one of the fastest-growing markets for power devices. According to CIC's data, the global market size of power devices used in AI data centers in 2024 is approximately $700 million, expected to grow at a compound annual growth rate of 23.9% from 2024 to 2029. Driven by the global carbon neutrality trend and rapid expansion of advanced power infrastructure, the demand for power devices in the energy and industrial applications continues to grow, particularly in applications such as photovoltaic inverters, energy storage converters, and smart grids. Financially, in the fiscal years 2023, 2024, and 2025, the company achieved revenues of approximately RMB 433 million, RMB 383 million, and RMB 541 million respectively; during the same period, gross profits were RMB 36.78 million, RMB 12.85 million, and RMB 14.27 million respectively.