Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com November 27 news, November 25, Shaoxing SMIC Manufacturing Co., Ltd. (SMIC) was first issued through the Shanghai Stock Exchange Branch Chuangban Municipal Committee meeting. The sponsor of this IPO is Haitong Securities, which intends to raise 12.5 billion yuan.

It is reported that SMIC is a manufacturer specializing in power, sensing and transmission applications, providing contract manufacturing services for analog chips and module packaging. The company is mainly engaged in wafer foundry and packaging and testing business in the fields of MEMS and power devices, process platforms include ultra-high voltage, vehicle, advanced industrial control and consumer power devices and modules, as well as on-board and industrial sensors, with applications in new energy vehicles, wind power generation, photovoltaic energy storage, consumer electronics and other industries. At present, the company's largest shareholder is the Shaoxing Yuecheng integrated circuit industry fund partnership (limited partnership), the second largest shareholder is SMIC, the company has no actual controller.

In terms of business positioning, SMIC said that semiconductors are generally divided into four areas: integrated circuits, discrete devices, sensors and optoelectronics. SMIC is mainly engaged in wafer foundry business in the field of integrated circuits, while SMIC is mainly engaged in MEMS and power device wafer foundry business, which belongs to the field of sensors and discrete devices in the semiconductor industry chain. SMIC's related business began in 2008 within SMIC's international system, and SMIC's main integrated circuit wafer foundry business can achieve differentiation, complementarity and coordinated development in the industrial chain, but the scale and income share in SMIC's international system are relatively small.

According to the prospectus, SMIC's revenue from 2019 to 2021 and from January to June 2022 (reporting period) was 270 million yuan, 740 million yuan, 2.024 billion yuan and 2.031 billion yuan respectively. Wafer foundry is the main source of the company's main business income, accounting for 92.11%, 86.07%, 92.09% and 91.66% of the main business income respectively.

During the above reporting period, SMIC lost 772 million yuan, 1.366 billion yuan, 1.407 billion yuan and 787 million yuan respectively, with a total loss of 4.332 billion yuan, and had not made a profit as of the first half of 2022.

CTOnews.com learned that SMIC IPO plans to raise 12.5 billion yuan, including 1.5 billion yuan for MEMS and power device chip manufacturing and packaging testing production base technical transformation projects, 6.66 billion yuan for the second phase of the wafer manufacturing project, and 4.34 billion yuan for supplementary liquidity.

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