"New Shares" Chip manufacturer Chip World Technology applies for listing in Hong Kong

Chip World Technology, engaged in chip research and development design and sales, has submitted a listing application to the Hong Kong Stock Exchange, with GF SECURITIES and CITIC SEC serving as joint sponsors.

Preliminary prospectus information shows that Chip World mainly focuses on the research, design, and sales of code-type flash memory chips, providing customers with code-type flash memory chips ranging from 1Mbit to 8Gbit in a Fabless model. As of the end of September last year, the company recorded revenue of nearly RMB 380 million in the first three quarters, a year-on-year increase of 10%. During this period, it turned a profit, recording a profit of approximately RMB 8.418 million, compared to a loss of approximately RMB 18.838 million in the same period of 2024.

Chip World stated that it plans to use the funds raised from the Hong Kong listing to promote research and development innovation and product iteration, establish a diversified product portfolio, and enhance operational capabilities as well as potential strategic investments and acquisitions