New stock news | RATCHET Electronics passes hearing on the Hong Kong Stock Exchange to become China's largest automotive wireless sensor SoC company.

According to the disclosure by the Hong Kong Stock Exchange on May 10th, Jiejie Electronic Technology (Jiangsu) Co., Ltd. (referred to as Jiejie Electronics) conducted a listing hearing on the main board of the Hong Kong Stock Exchange, with CICC and GUOTAI JUNAN I as joint sponsors. The prospectus shows that Jiejie Electronics is a leading global supplier in the wireless sensing SoC field, dedicated to providing innovative sensor chips. According to a Frost & Sullivan report, based on revenue projections for 2025, the company is the third largest automotive wireless sensing SoC company globally, and also the largest automotive wireless sensing SoC company in China. According to the same source, the automotive wireless sensing SoC market is a sub-segment of the overall wireless sensing SoC market, with the top two players in this field collectively holding over 50% global market share. By 2025, the automotive wireless sensing SoC market will account for more than 50% of the global overall wireless sensing SoC market. The company has achieved wireless and SoC transformation in sensor chips. As wireless sensing SoC is a key growth engine in the automotive electronics field, the company has been mass-producing high-performance automotive-grade wireless sensing SoC since 2018, gaining a competitive advantage. With domain expertise and an expandable SoC platform, the company has been applying these innovative outcomes to other high-growth verticals such as energy storage, industrial electronics, Siasun Robot & Automation, and consumer electronics since 2021, providing a new generation of functions for these intelligent endpoint application fields. The company operates in a fabless model, focusing on SoC design. The company outsources wafer manufacturing and chip packaging testing to third-party business partners. By focusing resources on product design and R&D processes, the company is able to quickly respond to evolving market demands and continue product innovation. According to the Frost & Sullivan report, the fabless business model aligns with the increasingly specialized trend in the semiconductor industry, enabling fabless companies to concentrate resources on design and R&D. The company provides SoC based on proprietary designs and offers integrated solutions according to specific customer needs. In terms of integrated solutions, the company closely collaborates with customers, designing and delivering customized modules based on industry expertise. This helps strengthen relationships with key customers, staying abreast of the latest trends in downstream industries, and continuously upgrading and optimizing the company's product supply. Financially, for the fiscal years 2023, 2024, and 2025, Jiejie Electronics had revenues of approximately RMB 223 million, RMB 348 million, and RMB 478 million respectively. The net losses for the same years were approximately RMB 356 million, RMB 351 million, and RMB 331 million respectively.