On September 27, Yuexin Semiconductor Technology Co., Ltd. (Yuexin Semiconductor) announced the online subscription status and allotment rate for its initial public offering and listing on the ChiNext board.
After the over-allotment option and the online and offline clawback mechanisms were activated, the final offline issuance volume was 153.795 million shares, accounting for approximately 46.15% of the total issuance after deducting the final strategic placement volume following the full exercise of the over-allotment option, and approximately 26.09% of the total issuance after the full exercise of the over-allotment option; the final online issuance volume was 179.424 million shares, accounting for approximately 53.85% of the total issuance after deducting the final strategic placement volume following the full exercise of the over-allotment option, and approximately 30.43% of the total issuance after the full exercise of the over-allotment option.
After the clawback, the online issuance allotment rate was 0.0423786759%, with an effective subscription multiple of 2,359.67731 times. The lottery results will be announced on September 29 (T+2 day).
The IPO on the ChiNext board was priced at 12.01 yuan per share, with an initial issuance of 513 million shares, which expanded to 590 million shares after the full exercise of the over-allotment option.
Yuexin Semiconductor is an integrated circuit manufacturing enterprise dedicated to providing 12-inch wafer foundry services and specialty process solutions to domestic and overseas chip design companies. The company possesses process research and development and manufacturing capabilities for products such as integrated circuits and power devices, with product applications covering consumer electronics, industrial control, automotive electronics, and artificial intelligence.
According to the prospectus, Yuexin Semiconductor is the first 12-inch wafer manufacturing enterprise independently cultivated by Guangdong Province to enter mass production, helping Guangdong Province achieve a breakthrough from "0 to 1" in 12-inch wafer manufacturing. According to Frost & Sullivan data, as of the end of April 2026, Yuexin Semiconductor is the only enterprise in mainland China with large-scale mass production capability for 12-inch silicon photonic wafers.
In terms of performance, from 2023 to 2025, Yuexin Semiconductor's operating revenue was 1.044 billion yuan, 1.681 billion yuan, and 2.582 billion yuan, respectively, with net profit attributable to shareholders of -1.917 billion yuan, -2.253 billion yuan, and -2.346 billion yuan, respectively. In the first half of 2026, Yuexin Semiconductor's operating revenue was 1.777 billion yuan, a year-on-year increase of 68.76%, and its net profit attributable to shareholders was -1.052 billion yuan, with losses narrowing by 12.41% year-on-year. The company has not yet achieved profitability and has accumulated unrecovered losses, and is expected to achieve profitability on a consolidated basis at the earliest in 2029.
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