Jifeng Electronics' ChiNext IPO Passes Listing Committee Meeting, Serving as a Full-Function One-Stop Service Provider for Semiconductor Testing

On October 15, Shanghai Jifeng Electronics Co., Ltd. (referred to as: Jifeng Electronics) passed the listing committee meeting of the Shenzhen Stock Exchange ChiNext. The IPO sponsor is EB SECURITIES, with a planned fundraising of 923.75 million yuan. According to the prospectus, Jifeng Electronics is a full-function, one-stop solution provider of testing services and testing hardware products in the semiconductor field. Centering on the testing needs of companies across the entire semiconductor industry chain, including chip design, wafer manufacturing, and packaging, it provides third-party laboratory testing and analysis services, testing hardware products, volume production business (volume production testing and electronics manufacturing services), engineering sample packaging, and other businesses. The testing services and testing hardware products provided by the company can comprehensively cover various types of chips such as digital, analog, memory, power, radio frequency, and complex SoCs. It has the testing service capability for high-end chips such as CPUs, GPUs, memory chips, and AI chips, and can meet the testing needs of advanced processes (the most advanced process cases have covered 3nm chips), advanced packaging (2.5D, 3D packaging, etc.), mature processes, and specialty processes. During each reporting period, the composition of the company's main business revenue was as follows: The company has established subsidiaries in semiconductor industry clusters such as Shanghai, Beijing, Hangzhou, Shenzhen, and Chengdu, enabling it to be closer to key customers and improve response speed and service quality. With its full-function, one-stop model and excellent technical strength and service quality, the company has established cooperative relationships with more than 3,000 customers within the semiconductor industry chain. Its customers cover all segments including chip design, wafer manufacturing, and packaging and testing, including well-known enterprises such as Customer D, ZTE Corporation, Qualcomm, Customer H, Hua Hong Grace Semiconductor, and JCET Group Co., Ltd. The company's core business belongs to an important supporting link in the integrated circuit industry chain for key technology research, engineering verification, and quality and reliability assurance. It plays a positive role in helping China's semiconductor industry achieve technological evolution, process advancement, and quality improvement, and thereby achieve independent development. It is consistent with the policy direction during the "15th Five-Year Plan" period of promoting key core technology research in key areas such as integrated circuits across the entire chain, and conforms to the national strategic orientation for the development of the integrated circuit industry. In terms of finances, in 2023, 2024, and 2025, the company achieved operating revenue of approximately 443 million yuan, 583 million yuan, and 669 million yuan, respectively; during the same periods, net profit was 20.4541 million yuan, 54.3755 million yuan, and 91.2555 million yuan, respectively.