New stock news | SG Micro Corp(300661.SZ) resubmits listing application to Hong Kong Stock Exchange to deepen its presence in the field of analog integrated circuits.

According to the disclosure by the Hong Kong Stock Exchange on April 1st, SG Micro Corp (Beijing) Limited (referred to as SG Micro Corp) submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with CICC and Huatai International acting as its joint sponsors. This is the company's second time submitting documents to the Hong Kong Stock Exchange. Company Introduction According to the prospectus, SG Micro Corp (300661.SZ) is a comprehensive analog integrated circuit (IC) company that develops and sells high-performance analog integrated circuits and sensors with functions such as sensing, amplification, conversion, and driving, forming the basic building blocks of all electronic systems. According to Frost & Sullivan data, based on revenue by 2025, the company ranks first among domestic companies in the Chinese analog integrated circuit market and eighth among global companies, with a market share of 1.8%. As of now, the company has over 6,800 analog integrated circuit and sensor products covering 38 product categories. The company's products are not only core components of end markets such as industrial, networking, and consumer electronics, but also widely used in fields such as electric vehicles (EVs), data centers, Siasun Robot & Automation, renewable energy, and next-generation consumer devices. Specifically, the company provides a wide range of general-purpose and application-optimized analog product portfolios, covering two major areas: the signal chain and power management, which are the two pillars of the company's product matrix. The signal chain integrated circuits help electronic devices interpret the material world. The company's signal chain integrated circuits can collect, adjust, and amplify signals from the material world, then convert them into high-precision digital signals. From data acquisition points to the final output, the company's products maintain signal integrity throughout, which is crucial for applications requiring precision measurement, low noise, and minimal errors. Power management integrated circuits are responsible for controlling the energy delivery within electronic devices. They determine the power levels received by different parts of the device, convert power into various voltage levels required by different components, and safely distribute power throughout the system. They can also protect against surges or abnormal power flows. The company's customers mainly include distributors and direct customers. In 2023, 2024, and 2025, the top five customers in each fiscal year accounted for 37.3%, 35.6%, and 33.1% of the total revenue, respectively. The company has a high supplier concentration, with its suppliers mainly consisting of wafer foundries and packaging and testing service providers. In 2023, 2024, and 2025, the amounts purchased from the top five suppliers accounted for 92.4%, 92.3%, and 91.0% of the total purchase amount for each year, respectively. Financial Information Revenue In 2023, 2024, and 2025, the company's revenues were approximately RMB 2.616 billion, RMB 3.347 billion, and RMB 3.898 billion, respectively. Profit In 2023, 2024, and 2025, the company's annual profits were approximately RMB 270 million, RMB 491 million, and RMB 534 million, respectively. Gross Margin In 2023, 2024, and 2025, the company's gross margins were 44.9%, 47.2%, and 46.2%, respectively. Industry Overview The global semiconductor market experienced significant growth from 2021 to 2025, with the market size increasing from RMB 3.6 trillion in 2021 to RMB 4.8 trillion in 2025, achieving a compound annual growth rate of 7.8%. From 2025 to 2029, the compound annual growth rate is expected to reach 9.2%, and the market size is projected to reach RMB 7.7 trillion in 2030. In terms of product structure, the global semiconductor market is mainly composed of four categories: integrated circuits, discrete components, sensors, and optoelectronic devices. Integrated circuits, as the largest component, account for 88.1% of the total market, playing an important role in the overall market. Analog integrated circuits (including analog signal chips and mixed-signal chips) are crucial in the semiconductor industry. They can be mainly classified into signal chain integrated circuits and power management integrated circuits based on their functional role in circuits. In terms of market size, the global analog integrated circuit market has grown rapidly in various fields such as industry and energy, automotive, networking and computing, and consumer electronics, increasing from RMB 478.1 billion in 2021 to RMB 617.9 billion in 2025. Looking ahead, the rapid growth of artificial intelligence applications, assisted driving, and the widespread adoption of new energy vehicles will drive growth. The global analog integrated circuit market is expected to reach RMB 927.0 billion by 2030. As one of the largest consumer markets for analog integrated circuits globally, the Chinese market experienced significant growth from 2021 to 2025, with the overall market size increasing from RMB 158.0 billion in 2021 to RMB 218.4 billion in 2025, and expected to reach RMB 389.4 billion by 2030. In terms of sub-products, signal chain integrated circuits will maintain a rapid growth momentum in the future due to industrial automation, the proliferation of new energy vehicles, and intelligent equipment, with the market size increasing from RMB 57.1 billion in 2021 to RMB 79.3 billion in 2025, and expected to reach RMB 133.0 billion by 2030. The Chinese power management integrated circuit market size increased from RMB 99.9 billion in 2021 to RMB 139.0 billion in 2025. In the future, driven by the demand for efficient power solutions in AI infrastructure, new energy vehicle power systems, and smart devices, the Chinese power management integrated circuit market is expected to maintain a strong growth trajectory, reaching RMB 256.4 billion by 2030. Looking downstream, the Chinese analog integrated circuit market is showing differentiated growth trends in major application areas. The automotive sector is expected to be the fastest-growing segment, while the networking and computing sector remains the largest downstream market. Additionally, industrial and energy applications continue to grow, and consumer electronics provide a solid demand base. Both the global and Chinese analog integrated circuit markets have shown a relatively stable and diversified competitive landscape in the long term. In 2025, in the Chinese analog integrated circuit market, the top eight global manufacturers accounted for 37.3% of the market share, with the company ranking first among Chinese manufacturers and eighth among global manufacturers. In the global analog integrated circuit market, the company ranks among the top fifteen global manufacturers. Board of Directors Information The company's board of directors will consist of 7 directors, including 2 executive directors, 2 non-executive directors, and 3 independent non-executive directors. Directors serve a term of 3 years and can be re-elected after the term expires. Ownership Structure As of March 22, 2026, according to the Joint Action Agreement and its Supplementary Agreement, Hongshun Xiangtai, Baoli Hongya, Hongwei International, Dr. Zhang, Ms. Zhang, Mr. Linlin, and Ms. Wen Li collectively control a total of 221,512,150 shares, accounting for approximately 35.69% of the company's voting rights. Intermediary Team Joint Sponsors: China International Finance Hong Kong Securities Limited, Huatai Financial Holdings (Hong Kong) Limited Legal Advisors: Cooley HK for Hong Kong and U.S. laws; JunHe LLP for Chinese law; JunHe LLP for international sanctions law Joint Sponsors' Legal Advisors: Gallant LLP for Hong Kong and U.S. laws; ShineWing Law Firm for Chinese law Reporting Accountant and Independent Auditor: Ernst & Young LLP Industry Consultant: Frost & Sullivan Compliance Advisors: Brilliant Capital Limited