New Stock News | CMS submits listing application to Hong Kong Stock Exchange, ranking first in MCU shipments in China in 2024

According to the Hong Kong Stock Exchange's disclosure on September 23, Zhongwei Semiconductor (Shenzhen) Co., Ltd. (abbreviated as: Zhongwei Semiconductor (688380.SH)) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Construction Investment International as the sole sponsor. The prospectus shows that Zhongwei Semiconductor is a leading provider of intelligent control solutions in China, specializing in the design and delivery of integrated circuit chips, with microcontrollers ("MCU") as the core of the company's products. With deep professional capabilities and innovation-driven research and development, the company provides efficient, energy-efficient, and cost-effective intelligent control solutions for a wide range of application scenarios. According to Frost & Sullivan's research data, the company is one of the earliest enterprises in China to independently develop and design MCUs. The company's first-mover advantage and continuous innovation have kept it at the forefront of the industry. Based on shipment volume in 2024, the company ranks first among MCU enterprises in China, while by revenue, it ranks third. Zhongwei Semiconductor focuses on MCU design and development capabilities, with its products further extending to various system-on-chips ("SoC"), application-specific integrated circuits ("ASIC"), etc., providing customers with one-stop overall solutions for the chips and underlying algorithms required for intelligent control, empowering diverse application scenarios such as consumer electronics, smart home appliances, industrial control, and automotive electronics. During the past performance period, the company's revenue mainly came from the provision of MCU, SoC, and ASIC solutions, as well as the sales of other related products. In the broad consumer sector, Zhongwei Semiconductor's MCU chip products occupy a leading market position in China's consumer electronics and smart home appliance fields. According to Frost & Sullivan's research data, based on revenue in 2024, the company ranks first in the MCU chip market for smart home appliances in China and second in the MCU chip market for consumer electronics; based on the broad consumer sector, the company has successfully broken through the high-end application barriers of MCU chips and has smoothly entered two key high-growth tracks: industrial control and automotive electronics. In the industrial control sector, the focus is on brushless direct current motors ("BLDC"), while in the automotive electronics sector, the company continues to develop advanced M4 and RISC-V architecture automotive-grade products, which are widely used microcontroller platforms known for their high computing power, energy efficiency, and scalability. Relying on deep technical accumulation and forward-looking business insights, the company has successfully implemented products in niche areas such as artificial intelligence (AI), data centers, and robotics. Currently, the development of cutting-edge technologies such as artificial intelligence and robotics has become the core trend and important breakthrough point driving the progress of the MCU industry; in the future, the company will continue to actively promote the rapid penetration of MCU products in these cutting-edge fields through continuous research and development investment. In terms of finance, for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2024 and 2025, Zhongwei Semiconductor achieved revenues of approximately RMB 637 million, RMB 714 million, RMB 912 million, RMB 429 million, and RMB 504 million, respectively; During the same period, the annual/period profit was RMB 59.344 million, -21.949 million, approximately 137 million, 43.023 million, and 86.469 million.