Sg Micro Corp (300661.SZ) has published its post-hearing information pack today, indicating its intention to list on the main board of the Hong Kong Stock Exchange. At market close this afternoon, the company's shares were trading at 113.25 yuan, up 3.71%, with a total market capitalization of 70.291 billion yuan.
Founded in January 2007, Sg Micro Corp is a leading analog integrated circuit (IC) company in China, designing, developing, and selling analog ICs and sensors with functions such as sensing, amplification, conversion, and driving. The company offers a broad and differentiated portfolio of general-purpose and application-optimized analog products covering the two major fields of signal chain and power management. As of the latest practicable date, the company possessed over 6,800 analog IC and sensor products across 38 product categories.
In its prospectus, the company disclosed that its products have long been core components in end markets such as industrial, networking, and consumer electronics, and are now also facilitating widespread adoption in areas including electric vehicles (EVs), data centers, robotics, renewable energy, and next-generation consumer devices.
According to data from Frost & Sullivan, based on 2025 revenue, Sg Micro Corp ranked first among domestic companies in China's analog IC market and eighth globally, holding a market share of 1.8%. The company was listed on the Shenzhen Stock Exchange's ChiNext board in June 2017. From 2023 to 2025, the company recorded revenues of approximately 2.616 billion yuan, 3.347 billion yuan, and 3.898 billion yuan, with corresponding annual profits of about 270 million yuan, 491 million yuan, and 534 million yuan, respectively. For the first quarter of 2026, the company achieved operating revenue of 1.098 billion yuan, a year-on-year increase of 39.08%, and net profit attributable to shareholders of the listed company of 124 million yuan, a year-on-year surge of 106.96%.
Following the Hong Kong listing, the board of directors of Sg Micro Corp will consist of seven members, including two executive directors: Dr. Zhang Shilong (60, Chairman and General Manager) and Zhang Qin (56, Vice Chairman, Deputy General Manager, and Board Secretary, cousin of Zhang Shilong); two non-executive directors: Lin Lin (53, Director of Sg Micro (Hong Kong)) and Liu Ming (56, Customer Service Representative); and three independent non-executive directors: Dr. Du Meijie (50, Independent Director of M.G. Securities, Director and Associate Professor of the Accounting Department at Beijing Language and Culture University), Tang Chunlin (42, Partner at Beijing Zhihong Law Firm), and Chen Yibin (43, Financial Controller of Tianfang Jincheng (Hong Kong)).
Other senior management of Sg Micro Corp includes Zhang Xuan (50, Chief Financial Officer). The prospectus shows that, according to a concerted action agreement and its supplementary agreements, the company's controlling shareholders are Hongshun Xiangtai, Baoli Hongya, Hongwei International, Zhang Shilong, Zhang Qin, Lin Lin, and Zhang Shilong's spouse, Wen Li. As of the latest practicable date, these shareholders directly or indirectly controlled a total of 221,512,150 company shares, representing approximately 35.67% of the company's voting rights. Meanwhile, other A-share shareholders hold a 64.33% stake.
The principal intermediaries for Sg Micro Corp's H-share listing are joint sponsors: China International Capital Corporation Limited and Huatai International; reporting accountant and independent auditor: Ernst & Young; and industry consultant: Frost & Sullivan.
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