Regulatory Approval Granted for Jiangsu Zhanxin's IPO on ChiNext

Stock News05-29

The China Securities Regulatory Commission has issued its approval for Jiangsu Zhanxin Semiconductor Technology Co., Ltd.'s initial public offering registration. The company plans to list on the ChiNext board of the Shenzhen Stock Exchange. Huatai United Securities has been appointed as the sponsor for the offering, which aims to raise approximately 889.5 million yuan. Established in 2018, Jiangsu Zhanxin specializes in the research, design, testing, and sales of highly reliable analog chips and micro-module products. Its products are widely used in various national defense electronic equipment, contributing significantly to the domestic self-sufficiency of military electronic components, ensuring the stability of China's military electronic industry chain, and supporting national defense modernization. The company's analog chip portfolio primarily consists of power management chips, including DC/DC converter chips, linear regulators (LDO), and load and current limit switches (LoadSwitch). Its micro-module products offer functionalities such as isolated and non-isolated DC/DC conversion, logic control, signal modulation, and diode control. Additionally, the company supplies complementary discrete device products to its clients. Furthermore, Jiangsu Zhanxin is expanding its product line into signal chain chips, having initiated research and development for a range of products including current detection chips, voltage reference chips, comparators, operational amplifiers, and timing chips.

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