According to disclosures by the Hong Kong Stock Exchange on September 29, Hefei Nexchip Semiconductor Corporation Ltd. (Nexchip Semiconductor Corporation) (688249.SH) submitted a listing application to the main board of the Hong Kong Stock Exchange, with China International Capital Corporation as its sole sponsor.
The prospectus shows that Nexchip Semiconductor Corporation is a globally leading 12-inch pure-play foundry enterprise. Since its establishment in 2015, the company has remained committed to developing and applying industry-advanced processes, providing customers with foundry services covering 150nm to 40nm processes across multiple applications, while steadily advancing the development of its 28nm platform.
According to Frost & Sullivan data, from 2020 to 2024, among the global top ten foundry enterprises, Nexchip's capacity and revenue growth rates ranked first globally. According to the same source, in 2024, measured by operating revenue, Nexchip was the ninth largest foundry globally and the third largest in mainland China.
Nexchip has established mass production capabilities across 150nm to 40nm technology nodes. In terms of process platform applications, the company has developed technical capabilities for DDIC, CIS, PMIC, Logic IC, MCU and other process platforms, forming a comprehensive and diversified process portfolio that supports its leading position in key market segments.
Nexchip is strategically positioned at the core of the semiconductor value chain, providing customers with specialized platforms that transform chip designs into low-power, high-performance foundry chips. By bridging technology development with large-scale production, the company provides foundry services and offers products widely used in consumer electronics, automotive electronics, smart homes, industrial control, AI and IoT applications.
In research and development, Nexchip has established strong R&D capabilities across mainstream 150nm to 40nm technology nodes and has made significant progress in developing 28nm logic chip platforms. Continuous R&D investment and technological advancement have provided Nexchip with a robust intellectual property portfolio covering key technology areas including semiconductor device structures, manufacturing processes, yield optimization, energy efficiency and reliability enhancement.
As of June 30, 2025, Nexchip held 1,177 patents, including 911 invention patents, and maintained 175 patent applications, including 91 invention patent applications in China and other jurisdictions.
Financially, Nexchip has consistently demonstrated relatively stable performance throughout industry cycles. For 2022, 2023, 2024, and the six-month periods ended June 30, 2024 and 2025, total revenues were RMB 10.026 billion, RMB 7.183 billion, RMB 9.120 billion, RMB 4.331 billion and RMB 5.130 billion respectively, with corresponding gross profit margins of 43.1%, 20.3%, 25.2%, 24.1% and 24.6%.
For 2022, 2023, 2024, and the six-month periods ended June 30, 2024 and 2025, net profits were RMB 3.156 billion, RMB 119 million, RMB 482 million, RMB 195 million and RMB 232 million respectively, with corresponding net profit margins of 31.5%, 1.7%, 5.3%, 4.5% and 4.5%.
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